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Sterlite Industries (India) reports over 5-fold jump in Q1 net profit

26 Jul 2013 Evaluate

Sterlite Industries (India) has reported results for first quarter ended June 30, 2013.

The company has reported 4.93- fold jump in its net profit at Rs 223.60 crore for the quarter as compared to Rs 45.34 crore for the same quarter in the previous year.  However, total income of the company has decreased by 58.39% at Rs 2042.88 crore for quarter under review as compared to Rs 4909.20 crore for the quarter ended June 30, 2012.

On the consolidated basis, the group registered a fall of 22.26% in its net profit after taxes, minority interest and Share of Profit of Associates of Rs 934.06 crore for the quarter as compared to Rs 1201.59 crore for the same quarter in the previous year. Total income of the company, on consolidated basis, has decreased by 19.67% at Rs 9315.29 crore for quarter under review as compared to Rs 11596.80 crore for the quarter ended June 30, 2012.

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