Once the telecom section of Sterlite Industries Ltd. demerged, Sterlite Technologies Ltd was founded in July 2001. (SIL). In order to enter the market for power transmission cables, STL purchased the transmission line division of SIL in July 2006. The largest producer of optical fibre and optical fibre cables in the nation is STL, which has expanded throughout the years. The business is well-established in the international optical fibre industry and has a sizable presence there as well.
Financial Results:
In comparison to the net loss of Rs 138 crore in Q3 FY22, Sterlite Technologies reported a consolidated net profit of rupees 50 crores in Q3 FY23.
In the three months that ended on December 31, 2022, revenue from operations increased 46.23 percent to ₹ 1,882 crore from ₹ 1,287 crore reported in Q3 FY22.
In Q3 FY23, the firm declared a PBT of ₹ 97 crores as opposed to a pre-tax loss of Rs 142 crore during the same period in the previous year.
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