Stock Report

Sterlite Technologies Ltd Q2FY21 consolidated net profit at Rs. 58.47 crore



Posted On : 2020-10-22 13:27:20( TIMEZONE : IST )

Sterlite Technologies Ltd Q2FY21 consolidated net profit at Rs. 58.47 crore

STERLITE TECHNOLOGIES LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1168.87 crores during the period ended September 30, 2020 as compared to Rs.885.73 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.58.47 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.5.96 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.45 for the period ended September 30, 2020 as compared to Rs.0.15 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 1168.87 crs₹ 885.73 crsUp Tick 31.97%
Net Profit₹ 58.47 crs₹ 5.96 crsUp Tick 881.04%
EPS₹ 1.45₹ 0.15Up Tick 866.67%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1168.87 crores during the period ended September 30, 2020 as compared to Rs.1368.83 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.58.47 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.159.56 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.1.45 for the period ended September 30, 2020 as compared to Rs.3.92 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 1168.87 crs₹ 1368.83 crsDown Tick -14.61%
Net Profit₹ 58.47 crs₹ 159.56 crsDown Tick -63.36%
EPS₹ 1.45₹ 3.92Down Tick -63.01%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2054.60 crores during the 6 months period ended September 30, 2020 as compared to Rs.2809.56 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.64.43 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.300.94 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.1.60 for the 6 months period ended September 30, 2020 as compared to Rs.7.39 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 2054.60 crs₹ 2809.56 crsDown Tick -26.87%
Net Profit₹ 64.43 crs₹ 300.94 crsDown Tick -78.59%
EPS₹ 1.60₹7.39Down Tick -78.35%

"Our strong performance is a testament to the value we create for our customers by delivering solutions that enable them to achieve their current and future network requirements", said Dr. Anand Agarwal, Group CEO, STL. He added, "Digital Network creators globally continue to invest aggressively in strengthening their current network, to increase reach and quality of their networks. Our strategic investments in building deep technology expertise, integrated digital network solutions, and global talent positions us strongly to address this market demand."

Shares of STERLITE TECHNOLOGIES LTD. was last trading in BSE at Rs.151.75 as compared to the previous close of Rs. 149.55. The total number of shares traded during the day was 82012 in over 1604 trades.

The stock hit an intraday high of Rs. 153.6 and intraday low of 148.6. The net turnover during the day was Rs. 12430851.

Source : Equity Bulls

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