Get Quotes

Market Menu

News Details

( As on 24/10/2019 17:10) Sterlite Technologie Q2 net profit jumps 48.08% at Rs 159.97 cr

The company reported standalone net profit of Rs 159.97 crore for the quarter ended September 30, 2019 as compared to Rs 108.03 crore in the same period last year, registering a year-on-year growth of 48.08 per cent.

Net revenue of the company rose substantially by 24.43 per cent at Rs 1,263.66 crore in July-September quarter of this fiscal as against Rs 1,015.57 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 25.04 per cent to Rs 990.29 crore from Rs 791.95 crore in year ago period.

Other Income grew by 22.77 per cent at Rs 7.71 crore versus (Sep'18 Rs 6.28 crore).

Operating Profit surged by 22.25 per cent to Rs 273.37 crore as against Rs 223.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.77 per cent in September quarter.

Interest grew by 163.82 per cent y-o-y to Rs 56.88 crore, while Taxation decreased by 94.44 per cent at Rs 3.21 crore (Sep'18 Rs 57.69 crore).