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

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STERLITE TECH. Announces Quarterly Results (3QFY19); Net Profit Up 50.9%
Fri, 25 Jan

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

STERLITE TECH. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,35210,84313,34923.1%59.8%
Other incomeRs m676010474.4%55.0%
TurnoverRs m8,41910,90313,45323.4%59.8%
ExpensesRs m6,3358,11110,41028.3%64.3%
Gross profitRs m2,0172,7332,9397.5%45.7%
DepreciationRs m4484925124.2%14.4%
InterestRs m25724427412.4%6.4%
Profit before taxRs m1,3792,0572,2579.7%63.7%
TaxRs m38765276016.6%96.4%
Profit after taxRs m9921,4061,4976.5%50.9%
Gross profit margin%24.125.222.0
Effective tax rate%28.131.733.7
Net profit margin%11.812.911.1
* 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 59.8% on a year-on-year (YoY) basis. The expenses were up by 64.3% YoY during the same period.
  • The company's operating profit increased by 45.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.0% in 3QFY19 as against 24.1% in 3QFY18.
  • Depreciation charges increased by 14.4% and finance costs increased by 6.4% YoY, respectively.
  • Other income increased by 55.0% YoY during the quarter.
  • Net profit for the quarter increased by 50.9% YoY. Net profit margins during the quarter declined from 11.8% in 3QFY18 to 11.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 28.3% QoQ during the same period.
  • The company's operating profit declined by 7.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.0% in 3QFY19 as against 25.2% in 2QFY18.
  • Net profit for the quarter increased by 6.5% QoQ, while net profit margins declined from 12.9% in 2QFY18 to 11.1% in 3QFY19.

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 392.5 to Rs 288.4, registering a Loss of Rs 104.1 or around 26.5%.

Overall, the S&P BSE SENSEX is up 0.6% over the year.

Current Valuations

At the current price of Rs 288.4, the price to earnings (P/E) ratio of STERLITE TECH. stands at 20.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.7 times.

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Jul 19, 2019 | Updated on Jul 19, 2019

For the quarter ended June 2019, STERLITE TECH. has posted a net profit of Rs 1 bn (up 11.4% YoY). Sales on the other hand came in at Rs 14 bn (up 63.3% YoY). Read on for a complete analysis of STERLITE TECH.'s quarterly results.

STERLITE TECH. Announces Quarterly Results (4QFY19); Net Profit Up 34.1% (Quarterly Result Update)

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For the quarter ended March 2019, STERLITE TECH. has posted a net profit of Rs 2 bn (up 34.1% YoY). Sales on the other hand came in at Rs 18 bn (up 111.6% YoY). Read on for a complete analysis of STERLITE TECH.'s quarterly results.

STERLITE TECH. 2017-18 Annual Report Analysis (Annual Result Update)

Dec 21, 2018 | Updated on Dec 21, 2018

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