27 May 2019 | 12:24 AM

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COMPANYNEWS
Sterlite Technologie Q4 net profit jumps 95.38% at Rs 193.04 cr
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Published on 04-23-2019
The company reported standalone net profit of Rs 193.04 crore for the quarter ended March 31 2019 as compared to Rs 98.80 crore in the same period last year registering a year-on-year growth of 95.38 per cent.


Net revenue of the company rose triple digit by 132.80 per cent at Rs 1788.66 crore in January-March quarter of this fiscal as against Rs 768.31 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 148.76 per cent to Rs 1438.73 crore from Rs 578.35 crore in year ago period.


Other Income dipped by 27.18 per cent at Rs 12.27 crore versus (Mar`18 Rs 16.85 crore).


Operating Profit surged by 84.21 per cent to Rs 349.93 crore as against Rs 189.96 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 20.87 per cent in March quarter.


Interest grew by 2.32 per cent y-o-y to Rs 27.73 crore while Taxation increased by 217.59 per cent at Rs 100.20 crore (Mar`18 Rs 31.55 crore).