Sterlite Technologies reports 37% rise in Q4 consolidated net profit

24 Apr 2019

Sterlite Technologies has reported results for the fourth quarter and year ended March 31, 2019. 

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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