Sterlite Technologies Ltd Q1FY24 consolidated net profit at Rs. 54 crores

Sterlite Technologies Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1543 crores during the period ended June 30, 2023 as compared to Rs. 1896 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 54 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 65 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.34 for the period ended June 30, 2023 as compared to Rs. 1.62 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 1543 crs	₹1896 crs	-18.62%
Net Profit	₹54 crs	₹65 crs	-16.92%
EPS	₹1.34	₹1.62	-17.28%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 1543 crores during the period ended June 30, 2023 as compared to Rs.1491 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.54 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-22 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.34 for the period ended June 30, 2023 as compared to Rs.-0.51 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 1543 crs	₹1491 crs	3.49%
Net Profit	₹54 crs	₹-22 crs	345.45%
EPS	₹1.34	₹-0.51	362.75%

Shares of Sterlite Technologies Limited was last trading in BSE at Rs. 150.80 as compared to the previous close of Rs. 148.50. The total number of shares traded during the day was 372737 in over 6430 trades.

The stock hit an intraday high of Rs. 156.80 and intraday low of 148.10. The net turnover during the day was Rs. 56778688.00.

Source : Equity Bulls

Keywords

SterliteTechnologies STL Q1FY24 ResultUpdate