Sterlite Technologies reported its Q1FY20 earnings after market hours today.
The company reported a cons. PAT of Rs141cr, indicating a 17% yoy growth, and highest-ever EBITDA of Rs332cr, denoting a 32% yoy growth.
Revenue: Rs1,432cr, up 63% yoy
EBITDA: Rs332cr, up 32% yoy
Open order book: Rs9,853cr
Exports at 36% of revenue, up 33% yoy
The company's commissioned mega expansion of 20mn fkm industry 4.0 facility on schedule and the company now has 273 patents, a 45% yoy increase.
“We have just begun to see the first few years of data consumption and data networks era. The next decade will see over 20-50 times growth of data and the corresponding networks. This is the time to bring disruption in every aspect of data network design, creation and management,” said Anand Agarwal, Group CEO, STL.
Sterlite Technologies Ltd ended at Rs163.40 down by Rs4.65 or 2.77% from its previous closing of Rs168.05 on the BSE.
The scrip opened at Rs167.30 and touched a high and low of Rs169.60 and Rs162.10 respectively. A total of 14,70,838 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs6,774.34cr.