Sterlite Industries - Q4FY13 & FY13 results First Cut - Microsec

Sterlite Industries Ltd announced its Q4FY13 & FY13 results on 29th April, 2013.

Quarterly Performance: Sterlite Ind Ltd arrived at consolidated quarterly figures showing an upside of 17.22% and 17.93% in net sales on YoY basis and QoQ basis. The increase in revenue was driven by higher volumes and depreciation of the Indian Rupee, which more than offset lower metal prices. The company registered an EBITDA of INR3306.72 crore for the quarter, which was significantly up by 14.62% and 42.11% on YoY basis and QoQ basis on account of higher production, higher metal premiums and lower costs which more than offset lower metal prices during the year. The company registered an upside of 50.73% and 61.54% in PAT on YoY and QoQ basis on account of higher EBITDA, higher investment income, lower foreign exchange losses and lower tax rate.

Annual Performance: The company net sale was up by 9.65% to INR44921.89 crore. The EBITDA for the year was up by 6.14% to INR10468.88. However, the EBITDA Margin was marginally down by 77bps. The company registered a growth of 25.53% in PAT to INR6060.32 crore

Source : Equity Bulls

Keywords