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.

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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.