Categories Earnings, Energy

Sterlite Technologies Ltd Q4FY23 results out, revenue grows by 25%

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. 

  • Sterlite Technologies Ltd reported Total revenue for Q4 FY23 of ₹1,872 Crore, up from ₹1,497 Crore year on year depicting a growth of 25%.
  • Total Expenses for Q4 FY23 of ₹1,616 Crore up, from ₹1,367 Crore year on year, a growth of 18%. 
  • Consolidated Net Profit of ₹63 Crore, up 352% from -(₹25) Crore in the same quarter of the previous year. 
  • The Earnings per Share is ₹1.63, up 396% from -(₹0.55) in the same quarter of the previous year.

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