Monday, 18 May 2015

Sterlite Technologies zooms 4% backed on Q4 earnings

Revenues for the Q4, FY15 stood at Rs. 979 crores, an increase of 52% with respect to same period last year. Full year revenues stood at Rs. 3030 crores.

Shares of Sterlite Technologies Ltd ended higher by 4% at Rs. 66 post Q4 results.
The stock has hit a high of Rs. 69 and a low of Rs. 63.
The Board of Directors of the Company at its meeting held on May 18, 2015, has approved a Corporate Restructuring Plan.

Revenues for the Q4, FY15 stood at Rs. 979 crores, an increase of 52% with respect to same period last year. Full year revenues stood at Rs. 3030 crores.
Q4 2015 EBITDA at Rs. 131 crores continues to show sequential growth on a Quarter on Quarter basis.
On full year basis, the standalone EBITDA for FY15 stood at Rs. 386 crores against Rs. 271 crores.
 EBITDA margin improved from 10% last year to 13% this year.
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