STERLITE TECH. Announces Quarterly Results (4QFY20); Net Profit Down 53.4%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

STERLITE TECH. Announces Quarterly Results (4QFY20); Net Profit Down 53.4%
Thu, 14 May

STERLITE TECH. has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

STERLITE TECH. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m17,91212,02711,601-3.5%-35.2%
Other incomeRs m1326010472.8%-21.2%
TurnoverRs m18,04412,08711,705-3.2%-35.1%
ExpensesRs m14,7619,6129,440-1.8%-36.0%
Gross profitRs m3,1511,9072,16013.3%-31.4%
DepreciationRs m4987017689.6%54.3%
InterestRs m3075575936.4%93.4%
Profit before taxRs m2,47870990327.3%-63.6%
TaxRs m822191131-31.3%-84.0%
Profit after taxRs m1,65651877248.9%-53.4%
Gross profit margin%17.615.918.6
Effective tax rate%33.226.914.5
Net profit margin%9.24.36.6
* 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 fell 35.2% on a year-on-year (YoY) basis. The expenses were down by 36.0% YoY during the same period.
  • The company's operating profit declined by 31.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 4QFY20 as against 17.6% in 4QFY19.
  • Depreciation charges increased by 54.3% and finance costs increased by 93.4% YoY, respectively.
  • Other income declined by 21.2% YoY during the quarter.
  • Net profit for the quarter declined by 53.4% YoY. Net profit margins during the quarter declined from 9.2% in 4QFY19 to 6.6% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.8% QoQ during the same period.
  • The company's operating profit increased by 13.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.6% in 4QFY20 as against 15.9% in 3QFY19.
  • Net profit for the quarter increased by 48.9% QoQ, while net profit margins increased from 4.3% in 3QFY19 to 6.6% in 4QFY20.

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

FREE REPLAY: Discover What Richa Revealed in Her Smallcaps Summit

STERLITE TECH. Share Price Performance

Over the last one year,STERLITE TECH. share price has moved down from Rs 165.6 to Rs 100.8, registering a Loss of Rs 64.8 or around 39.1%.

Overall, the S&P BSE SENSEX is down 15.0% over the year.

Current Valuations

At the current price of Rs 100.8, the price to earnings (P/E) ratio of STERLITE TECH. stands at 9.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

Equitymaster requests your view! Post a comment on "STERLITE TECH. Announces Quarterly Results (4QFY20); Net Profit Down 53.4%". Click here!

  

Related Views on News

STERLITE TECH 2020-21 Annual Report Analysis (Annual Result Update)

Oct 22, 2021 | Updated on Oct 22, 2021

Here's an analysis of the annual report of STERLITE TECH for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of STERLITE TECH. Also includes updates on the valuation of STERLITE TECH.

STERLITE TECH Announces Quarterly Results (1QFY22); Net Profit Up 3302.5% (Quarterly Result Update)

Jul 26, 2021 | Updated on Jul 26, 2021

For the quarter ended June 2021, STERLITE TECH has posted a net profit of Rs 970 m (up 3302.5% YoY). Sales on the other hand came in at Rs 13 bn (up 49.4% YoY). Read on for a complete analysis of STERLITE TECH's quarterly results.

More Views on News

Most Popular

Infosys vs TCS: Which is Better?(Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake(Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

Don't Sell these Stocks if the Market Falls(Profit Hunter)

Nov 17, 2021

These are the 3 types of stocks that you should not sell in a market crash.

How to Find Your Next 10-Bagger in this Market(Profit Hunter)

Nov 19, 2021

The #1 make or break factor in your portfolio you shouldn't ignore.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing.(Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

STERLITE TECH SHARE PRICE


Nov 30, 2021 11:47 AM

TRACK STERLITE TECH

  • Track your investment in STERLITE TECH with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

STERLITE TECH - CMI. COMPARISON

COMPARE STERLITE TECH WITH

MARKET STATS