Sterlite Technologies Ltd reports consolidated PAT of Rs. 44 crores in Q2 FY2022-23

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

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1797 crores during the period ended September 30, 2022 as compared to Rs. 1580 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 44 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -20 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 1.10 for the period ended September 30, 2022 as compared to Rs. -0.51 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 1797 crs	₹1580 crs	13.73%
Net Profit	₹44 crs	₹-20 crs	320.00%
EPS	₹1.10	₹-0.51	315.69%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 1797 crores during the period ended September 30, 2022 as compared to Rs.1514 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.44 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.105 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.1.10 for the period ended September 30, 2022 as compared to Rs.2.64 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 1797 crs	₹1514 crs	18.69%
Net Profit	₹44 crs	₹105 crs	-58.10%
EPS	₹1.10	₹2.64	-58.33%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.3376 crores during the 6 Months period ended September 30, 2022 as compared to Rs.2830 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.25 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.221 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.0.61 for the 6 Months period ended September 30, 2022 as compared to Rs.5.53 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹3376 crs	₹2830 crs	19.29%
Net Profit	₹25 crs	₹221 crs	-88.69%
EPS	₹0.61	₹5.53	-88.97%

Shares of Sterlite Technologies Limited was last trading in BSE at Rs. 164.65 as compared to the previous close of Rs. 162.95. The total number of shares traded during the day was 171045 in over 3562 trades.

The stock hit an intraday high of Rs. 167.95 and intraday low of 160.45. The net turnover during the day was Rs. 28105768.00.

Source : Equity Bulls

Keywords

SterliteTechnologies STL Q2FY23 H1FY23 ResultUpdate