Sterlite Technologies CFO Mihir Modi resigns

24 Sep 2022 , 04:04 PM

Modi will be relieved from his duties with effect from close of business hours of Friday, 14 October 2022. The company said that it is in the process of appointing a new chief financial officer and the same will be intimated to the exchanges in due course. Sterlite Technologies is a leading end-to-end solutions provider for global digital networks. The company reported a consolidated net loss of Rs 20 crore in Q1 FY23 as against a net profit of Rs 116 crore in Q1 FY22. Revenue from operations rose 20.3% to Rs 1,575 crore in Q1 FY23 from Rs 1,309 crore posted in Q1 FY22. Shares of Sterlite Technologies skid 2.35% to close at Rs 172.60 on Friday, 23 September 2022. Powered by Capital Market – Live News