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Sterlite Technologies turns black in Q3FY23

27 Jan 2023 Evaluate

Sterlite Technologies has reported results for third quarter ended December 31, 2022.

The company has reported net profit of Rs 53 crore for Q3FY23 as compared to net loss of Rs 107 crore for the corresponding quarter previous year. Total income of the company increased by 18.52% to Rs 1,523 crore for the quarter under review as compared to Rs 1,285 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported net profit at Rs 46 crore for Q3FY23 as compared to net loss of Rs 142 crore for the same quarter in the previous year. Total income of the company increased by 44.68% to Rs 1,891 crore for the quarter under review as compared to Rs 1,307 crore for the same quarter in the previous year.

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