Sterlite Industries Q1 net at Rs.201.46 Crores

Sterlite Industries India Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit after tax & exceptional items of Rs 2014.60 million for the quarter ended June 30, 2007 where as the same was at Rs 2234.90 million for the quarter ended June 30, 2006. Total Income (net of excise) is Rs 31658.50 million for the quarter ended June 30, 2007 where as the same was at Rs 24037.40 million for the quarter ended June 30, 2006.

The Consolidated results are as follows: The Group has posted a net profit after tax attributable to consolidated Group of Rs 11429.10 million for the quarter ended June 30, 2007 where as the same was at Rs 8790.00 million for the quarter ended June 30, 2006. Total Income (Net of Excise) is Rs 64892.30 million for the quarter ended June 30, 2007 where as the same was at Rs 47384.60 million for the quarter ended June 30, 2006.

Previous Period / Year figures have been regrouped / recasted wherever necessary. On account of sale of Power Transmission Line Division with effect from July 01, 2006, figures for current period/s are not strictly comparable to figures for the previous period / year.

The company has reported an Earnings Per Share (EPS) of Rs.3.51 for the quarter ended June 30, 2007 compared to Rs.4 during quarter ended June 30, 2006.

The stock closed the day at Rs.670.45, up by Rs.9.70 or 1.47%. The total traded quantity was 152211 compared to 2 week average of 204889. The stock hit an intraday high of Rs.672.45 and low of Rs.637.

Source : Equity Bulls

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