Sterlite Technologies Ltd Q1FY23 consolidated loss at Rs. 20 crores

Sterlite Technologies Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1580 crores during the period ended June 30, 2022 as compared to Rs. 1613 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. -20 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. -23 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. -0.51 for the period ended June 30, 2022 as compared to Rs. -0.58 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹1580 crs	₹1613 crs	-2.05%
Net Profit	₹-20 crs	₹-23 crs	13.04%
EPS	₹-0.51	₹-0.58	12.07%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs.1580 crores during the period ended June 30, 2022 as compared to Rs.1316 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.-20 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.116 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.-0.51 for the period ended June 30, 2022 as compared to Rs.2.89 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹1580 crs	₹1316 crs	20.06%
Net Profit	₹-20 crs	₹116 crs	-117.24%
EPS	₹-0.51	₹2.89	-117.65%

Shares of Sterlite Technologies Limited was last trading in BSE at Rs. 147.80 as compared to the previous close of Rs. 144.30. The total number of shares traded during the day was 135990 in over 2826 trades.

The stock hit an intraday high of Rs. 151.45 and intraday low of 144.30. The net turnover during the day was Rs. 20029606.00.

Source : Equity Bulls

Keywords

SterliteTechnologies STL Q1FY23 ResultUpdate