Sterlite Technologies' Q1 FY 14 Profitability at Rs. 85 Crore, up by 16% Over
PUNE, India, July 26, 2013
PUNE, India, July 26, 2013 /PRNewswire/ --
Sterlite Technologies Limited [BSE: 532374, NSE: STRTECH], a leading global
provider of transmission solutions for the telecom and power industries, today
announced its results for the quarter ended June 30, 2013. The company posted
net revenues of Rs. 758 Crores, with an EBITDA of Rs. 85 Crores and net profit
of Rs. 23 Crores.
Financial highlights for quarter ended June 30 2013:
*Sterlite closed Q1FY14 with EBITDA of Rs. 85 Crores on total revenues of
Rs. 758 Crores translating into a profitability margin of 11% for this
*The telecom business earned revenues of Rs. 291 Crores and EBITDA of Rs.
61 Crores in Q1FY14, while the power business earned revenues of Rs. 453
Crores and EBITDA of Rs. 24 Crores in Q1FY14.
*International sales revenue of about Rs. 198 Crores (~US$ 36 Million);
approximately 26% of net revenues.
Standalone Results Quarter Ended Year Ended
Jun-13 Mar-13 Jun-12 Mar-13
Net Revenues (Rs Crore) 758 817 866 3,354
Net Revenues (US$ Mn) 138 148 157 610
EBITDA (Rs Crore) 85 72 74 260
EBITDA (US$ Mn) 16 13 13 47
PAT (Rs Crore) 23 15 18 47
PAT (US$ Mn) 4 3 3 9
Diluted EPS (Rs.) 0.6 0.4 0.5 1.2
Assumption US$ = Rs. 55
Business highlights in Q1 FY14
In the Telecom Segment
*Highest ever sales volumes in a quarter for optical fiber
*Almost 50% of sales were from export markets
*Received orders for specialty high-performance fibers from geographies
like China and Middle East, which unlocks access to these markets for long
*OH-LITE ^[TM] fiber has been certified by Alcatel-Lucent and Ciena
Corporation for successful data transmission at 100 GB speeds.
In the Power Segment
*Commissioned next generation ACCC conductor solution for Tata
Power'sMumbai project; upgraded the 22 kV IIT Powai-Saki transmission line
crossing over a thickly populated slum area comprising closely spaced
hutments and hilly terrain - one of the toughest terrains for specialized
stringing; Received repeat order for ACCC from Tata Power for
re-conductoring project in Mumbai.
*First large scale international ACSR Zebra conductor order for a 275 KV
project in Indonesia.
On the Infrastructure projects
*The first line of East-North Interconnection Project is expected to be
commissioned in August 2013.
*The execution of other two projects: Bhopal-Dhule Transmission (BDTCL) and
Jabalpur Transmission (JTCL) are currently running largely on track
towards progressive revenue generation in FY15.
Mr. Pravin Agarwal, Director, Sterlite Technologies Limited says, "Sterlite's
enhanced product portfolio and increasing global footprint has helped us
capitalize on opportunities in the power and telecom sectors. He adds, "The
addition of marquee customers inMiddle East, Latin America and South Asian
regions coupled with repeat business from existing overseas clients in this
Quarter is an indicator of growing confidence of global customers in
At the start of Q2FY14, the Company has a strong order book of about Rs. 1,830
Crores for its power and telecom products, out of which export orders comprise
About Sterlite Technologies Limited
Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE: STRTECH], is a
leading global provider of transmission solutions for the power and telecom
industries. Equipped with a product portfolio that includes power conductors,
optical power ground wire, EHV/HV power cables, optical fibers,
telecommunication cables and a comprehensive telecom systems / solutions
portfolio, Sterlite's vision is to 'Connect every home on the planet'.
Sterlite is also executing multi-million dollar power transmission system
Primary Media Contact: Ravindra Utgikar, email@example.com ,
Secondary Media Contact: Vishal Aggarwal, firstname.lastname@example.org ,
Press spacebar to pause and continue. Press esc to stop.