Credit rating agency, CRISIL Research has maintained fundamental grade of 3/5 to Sterlite Technologies. The rating agency has also assigned valuation grade is 5/5 to the company.
Recently, the company reported 23.30% rise in its net profit after tax at Rs 22.60 crore for the quarter as compared to Rs 18.33 crore for the same quarter in the previous year. Total income from operations of the company decreased by 12.45% at Rs 758.32 crore for quarter under review as compared to Rs 866.11 crore for the quarter ended June 30, 2012.
Sterlite Technologies is a leading global provider of transmission solutions for the power and telecom industries. The company is equipped with a product portfolio that includes power conductors, optical fibers, telecommunication cables and a comprehensive telecom systems / solutions portfolio.
