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Sterlite Technologies surges on reporting 37% rise in Q4 consolidated net profit

Sterlite Technologies surges on reporting 37% rise in Q4 consolidated net profit

Mumbai : Sterlite Technologies is currently trading at Rs. 194.00, up by 0.65 points or 0.34% from its previous closing of Rs. 193.35 on the BSE. The scrip opened at Rs. 195.00 and has touched a high and low of Rs. 197.55 and Rs. 193.85 respectively. So far 110999 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 399.00 on 01-Nov-2018 and a 52 week low of Rs. 181.00 on 12-Feb-2019.

Last one week high and low of the scrip stood at Rs. 217.00 and Rs. 192.25 respectively. The current market cap of the company is Rs. 7845.54 crore. The promoters holding in the company stood at 53.82%, while Institutions and Non-Institutions held 16.83% and 29.35% respectively. The company has reported a rise of 95.38% in its net profit at Rs 193.04 crore for the quarter ended March 31, 2019 as compared to Rs 98.80 crore for the same quarter in the previous year. Total income of the company jump around 2-fold at Rs 1800.93 crore for quarter under review as compared to Rs 785.16 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported rise of 36.93% in its net profit at Rs 163.17 crore for the quarter ended March 31, 2019 as compared to Rs 119.16 crore for the corresponding quarter in the FY18. Total consolidated income of the company reported 2-fold jump at Rs 1804.36 crore for quarter under review as compared to Rs 863.81 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a 2-fold jump in its net profit at Rs 535.23 crore as compared to Rs 254.68 crore for the previous year. Total income of company increased 67.11% at Rs 4897.47 crore for year under review as compared to Rs 2930.60 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 58.68% in its net profit at Rs 577.79 crore as compared to Rs 364.13 crore for the previous year. Total income of company increased by 57.92% at Rs 5124.12 crore for year under review as compared to Rs 3244.76 crore for year ended March 31, 2018.



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