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STERLITE TECH. Announces Quarterly Results (1QFY19); Net Profit Up 206.6%

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STERLITE TECH. Announces Quarterly Results (1QFY19); Net Profit Up 206.6%
Wed, 25 Jul

STERLITE TECH. has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

STERLITE TECH. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m6,7428,4668,7693.6%30.1%
Other incomeRs m6317273-57.8%14.7%
TurnoverRs m6,8058,6388,8412.4%29.9%
ExpensesRs m5,5236,2636,3200.9%14.4%
Gross profitRs m1,2192,2032,44911.1%100.9%
DepreciationRs m370525448-14.7%21.0%
InterestRs m261253231-8.8%-11.5%
Profit before taxRs m6521,5971,84315.4%182.8%
TaxRs m22936254851.5%139.2%
Profit after taxRs m4221,2351,2954.8%206.6%
Gross profit margin%18.126.027.9
Effective tax rate%35.222.729.8
Net profit margin%6.214.314.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 30.1% on a year-on-year (YoY) basis. The expenses were up by 14.4% YoY during the same period.
  • The company's operating profit increased by 100.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.9% in 1QFY19 as against 18.1% in 1QFY18.
  • Depreciation charges and finance costs increased by 21.0% YoY and 11.5% YoY, respectively.
  • Other income increased by 14.7% YoY during the quarter.
  • Net profit for the quarter increased by 206.6% YoY. Net profit margins during the quarter increased from 6.2% in 1QFY18 to 14.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.9% QoQ during the same period.
  • The company's operating profit increased by 11.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.9% in 1QFY19 as against 26.0% in 4QFY18.
  • Net profit for the quarter increased by 4.8% QoQ, while net profit margins increased from 14.3% in 4QFY18 to 14.6% in 1QFY19.

To see how STERLITE TECH. has performed over the last eight quarters, please visit here.

STERLITE TECH. Share Price Performance

Over the last one year, STERLITE TECH. share price has moved up from Rs 215.9 to Rs 338.4, registering a Gain of Rs 122.5 or around 56.7%.

Overall, the S&P BSE SENSEX is up 0.0% over the year.

Current Valuations

At the current price of Rs 338.4, the price to earnings (P/E) ratio of STERLITE TECH. stands at 31.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.1 times.

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STERLITE TECH. Announces Quarterly Results (3QFY19); Net Profit Up 50.9% (Quarterly Result Update)

Jan 25, 2019 | Updated on Jan 25, 2019

For the quarter ended December 2018, STERLITE TECH. has posted a net profit of Rs 1 bn (up 50.9% YoY). Sales on the other hand came in at Rs 13 bn (up 59.8% YoY). Read on for a complete analysis of STERLITE TECH.'s quarterly results.

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STERLITE TECH. Announces Quarterly Results (2QFY19); Net Profit Up 79.8% (Quarterly Result Update)

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