Stock Report

Sterlite Technologies Ltd posts consolidated PAT of Rs. 86.64 crore in Q3FY21



Posted On : 2021-01-20 14:15:52( TIMEZONE : IST )

Sterlite Technologies Ltd posts consolidated PAT of Rs. 86.64 crore in Q3FY21

STERLITE TECHNOLOGIES LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1322.09 crores during the period ended December 31, 2020 as compared to Rs.1168.87 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.86.64 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.58.47 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.15 for the period ended December 31, 2020 as compared to Rs.1.45 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 1322.09 crs₹ 1168.87 crsUp Tick 13.11%
Net Profit₹ 86.64 crs₹ 58.47 crsUp Tick 48.18%
EPS₹ 2.15₹ 1.45Up Tick 48.28%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1322.09 crores during the period ended December 31, 2020 as compared to Rs.1208.68 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.86.64 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.52.63 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.2.15 for the period ended December 31, 2020 as compared to Rs.1.29 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 1322.09 crs₹ 1208.68 crsUp Tick 9.38%
Net Profit₹ 86.64 crs₹ 52.63 crsUp Tick 64.62%
EPS₹ 2.15₹ 1.29Up Tick 66.67%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3376.69 crores during the 9 months period ended December 31, 2020 as compared to Rs.4018.24 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.151.07 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.353.57 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.3.75 for the 9 months period ended December 31, 2020 as compared to Rs.8.68 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 3376.69 crs₹ 4018.24 crsDown Tick -15.97%
Net Profit₹ 151.07 crs₹ 353.57 crsDown Tick -57.27%
EPS₹ 3.75₹8.68Down Tick -56.8%

Commenting on STL's performance and outlook, Dr. Anand Agarwal, Group CEO, STL said "Our strong evolving suite of end-to-end converged network solutions is fundamental to our continued growth. Post 2020, we are looking at a decade of extensive network creation. Mindful of this, we have invested in strong global talent and built solutions that can deliver best-in-class digital networks across the globe. Our philosophy of deep customer engagement, coupled with sustained investments will help drive profitable growth for our key accounts, as they deliver the best digital experience to their customers."

Shares of STERLITE TECHNOLOGIES LTD. was last trading in BSE at Rs.192.25 as compared to the previous close of Rs. 184.9. The total number of shares traded during the day was 68682 in over 1313 trades.

The stock hit an intraday high of Rs. 197 and intraday low of 185. The net turnover during the day was Rs. 13265187.

Source : Equity Bulls

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