Stock Report

Sterlite Technologies Ltd posts consolidated Q3FY24 loss of Rs. 57 crores



Posted On : 2024-01-25 14:57:38( TIMEZONE : IST )

Sterlite Technologies Ltd posts consolidated Q3FY24 loss of Rs. 57 crores

Sterlite Technologies Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1341 crores during the period ended December 31, 2023 as compared to Rs. 1497 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. -57 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 34 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. -1.43 for the period ended December 31, 2023 as compared to Rs. 0.86 for the period ended September 30, 2023.

Financials Q3 FY2024 Q2 FY2024 % Change
Total Income ₹ 1341 crs ₹1497 crs Up Tick / Down Tick-10.42%
Net Profit ₹-57 crs ₹34 crs Up Tick / Down Tick-267.65%
EPS ₹-1.43 ₹0.86 Up Tick / Down Tick-266.28%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 1341 crores during the period ended December 31, 2023 as compared to Rs.1892 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-57 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.51 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.-1.43 for the period ended December 31, 2023 as compared to Rs.1.27 for the period ended December 31, 2022.

Financials Q3 FY2024 Q3 FY2023 % Change
Total Income ₹ 1341 crs ₹1892 crs Up Tick / Down Tick-29.12%
Net Profit ₹-57 crs ₹51 crs Up Tick / Down Tick-211.76%
EPS ₹-1.43 ₹1.27 Up Tick / Down Tick-212.60%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.4380 crores during the 9 Months period ended December 31, 2023 as compared to Rs.5070 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.30 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.74 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.0.77 for the 9 Months period ended December 31, 2023 as compared to Rs.1.80 for the 9 Months period ended December 31, 2022.

Financials 9 Months Ended FY2024 9 Months Ended FY2023 % Change
Total Income ₹4380 crs ₹5070 crs Up Tick / Down Tick-13.61%
Net Profit ₹30 crs ₹74 crs Up Tick / Down Tick-59.46%
EPS ₹0.77 ₹1.80 Up Tick / Down Tick-57.22%

Shares of Sterlite Technologies Limited was last trading in BSE at Rs. 142.80 as compared to the previous close of Rs. 140.70. The total number of shares traded during the day was 102620 in over 1864 trades.

The stock hit an intraday high of Rs. 143.35 and intraday low of 139.45. The net turnover during the day was Rs. 14561833.00.

Source : Equity Bulls

Keywords

SterliteTechnologies Q3FY24 9MFY24 ResultUpdate