Categories Earnings, Others, Research Summary

Sterlite Technologies Limited Q3FY23 Earnings

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.

Most Popular

Cochin Shipyard Ltd (COCHINSHIP) Q4 FY22 Earnings Concall Transcript

Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah

All you need to know about Antony Waste Handling Cell in one article

Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?

Demystifying the Leading Non-Ferrous Recycling Company of India

“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,