Sterlite Technologies Gains 4% as Q3 Net Profit Up 83% | CORPORATE ETHOS

Sterlite Technologies Gains 4% as Q3 Net Profit Up 83%

By: | January 17, 2018
Sterlite-Technologies

Jan 17: Sterlite Technologies Ltd (BSE: 532374, NSE: STRTECH) has risen 4% on Wednesday trading on excellent Q3 results.

Net revenues rose 14% annualised  to Rs 836 cr as against Rs 732 cr last year, net profit rose 83% to Rs 90 cr as against Rs 49 cr last year. International revenues rose 78% to Rs 505 cr.

“Over the past years, we have built a robust capability platform across technology innovation, manufacturing standards, and corporate governance,” said Dr Anand Agarwal, CEO, Sterlite Tech, while declaring the results. “As customers put their trust in us, our capability platform enables us to participate in one of the world’s largest digital inclusions by building web-scale networks across ities and villages in India and in many countries of the world.”

At BSE, Sterlite was up 4.63% to Rs 381 in afternoon trade after hitting a high of Rs 386.