Sterlite Technologies Limited was established in July 2001 after the demerger of the telecom division of Sterlite Industries Ltd (SIL). In July 2006, STL acquired the transmission line business of SIL to foray into the power transmission cables business. STL has grown over the years to become the largest Optical Fiber and Optical Fiber Cables manufacturer in the country. The company also has sizeable presence in the overseas markets with an established presence in the global optical fiber market.
Financial Results:
Sterlite Technologies Ltd reported Revenues for Q3FY24 of ₹1,322.00 Crores down from ₹1,883.00 Crore year on year, a fall of 29.79%.
Total Expenses for Q3FY24 of ₹1,410.00 Crores down from ₹1,797.00 Crores year on year, a fall of 21.54%.
Consolidated Net Profit of -₹59.00 Crores from ₹47.00 Crores in the same quarter of the previous year.
The Earnings per Share is -₹1.43, from ₹1.28 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.