Sterlite Technologies Q2FY18 consolidated net profit rises 40% yoy

India Infoline Research Team | October 16, 2017 13:00 IST

Sterlite Technologies Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 779 42
EBITDA 179 63
EBITDA Margin (%) 23 320
Net Profit (adjusted) 71 40
***EBITDA margin change is bps


Reco. Price


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Sterlite Technologies' revenue for the quarter jumped 42% yoy to Rs. 779 crore. This was due to sharp rise in export, up by 73% yoy (51% of total revenue)

EBITDA during the period surge 63% yoy to Rs. 179 crore from 109 crore in Q2FY17.

Also, PAT for the quarter registered a growth of 40% yoy to Rs. 71 crore.

During the quarter its order book stood at Rs 3832 crore, also, capacity expansion to 30 million fibre km achieved in Q2FY18. Further, capacity expansion to 50 million fibre km is expected to get complete in FY19. Besides, company added several new patents leading to total patents count of 162.

Technical View:

Sterlite Technologies Ltd is currently trading at Rs. 268.50, up by 0.1 points or 0.04% from its previous closing of Rs. 268.40 on the BSE.
The scrip opened at Rs. 271.45 and has touched a high and low of Rs. 277.40 and Rs. 260.15 respectively. So far 44,65,974(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 322.10 3.70 (1.16%)
NSE 322.80 4.30 (1.35%)

***Note: This is a NSE Chart



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