Sterlite Technologies Shows Sustained Quarter-on-Quarter Growth

Sterlite Technologies Shows Sustained Quarter-on-Quarter Growth PR Newswire PUNE, India, July 27, 2012 PUNE, India, July 27, 2012 /PRNewswire/ -- Sterlite Technologies Limited [BSE: 532374, NSE: STRTECH], a leading global provider of transmission solutions for the power and telecom industries, announced its results for the quarter ended June 30, 2012. The company posted net revenues of Rs. 866 Crores, with an EBITDA of Rs. 74 Crores and net profit of Rs. 18 Crores. Financial highlights for quarter ended June 30 2012: - Highest ever net revenues in a quarter of Rs. 866 Crores - Revenue from international sales during the quarter is around Rs. 300 Crores, which is 35% of net revenues - Good volume growth seen in both, telecom and power segments - The power business earned revenues of Rs. 570 Crores in Q1FY13; a growth of 47% year-on-year - The telecom business earned revenues of Rs. 276 Crores in Q1FY13; a growth of 89% year-on-year - At the start of Q2FY13, the company has a strong order book of over Rs 2300 Crores (~US$ 460 Million).