Sterlite Q3 net down 17%

firm (India) Ltd has posted a decrease of 17 per cent in at Rs 913 crore for the quarter ended December 31, as against Rs 1,101 crore during the same period last year. The total income stood at Rs 10,303.67 crore during the third quarter of the current financial year, as against Rs 8,332 crore during a year ago period, an increase of 23.6 per cent.

However, the company, in its result announcement, said, "Consequent to acquisition of zinc business at Namibia, South Africa and Ireland in the second half of FY11, the for the quarter and nine months ended December 31 are not strictly comparable with corresponding previous periods."

image
Business Standard
177 22
Business Standard

Sterlite Q3 net down 17%

BS Reporter 

firm (India) Ltd has posted a decrease of 17 per cent in at Rs 913 crore for the quarter ended December 31, as against Rs 1,101 crore during the same period last year. The total income stood at Rs 10,303.67 crore during the third quarter of the current financial year, as against Rs 8,332 crore during a year ago period, an increase of 23.6 per cent.

However, the company, in its result announcement, said, "Consequent to acquisition of zinc business at Namibia, South Africa and Ireland in the second half of FY11, the for the quarter and nine months ended December 31 are not strictly comparable with corresponding previous periods."

RECOMMENDED FOR YOU

Sterlite Q3 net down 17%

Vedanta Group firm Sterlite Industries (India) Ltd has posted a decrease of 17 per cent in net profit at Rs 913 crore for the quarter ended December 31, as against Rs 1,101 crore during the same period last year. The total income stood at Rs 10,303.67 crore during the third quarter of the current financial year, as against Rs 8,332 crore during a year ago period, an increase of 23.6 per cent.

firm (India) Ltd has posted a decrease of 17 per cent in at Rs 913 crore for the quarter ended December 31, as against Rs 1,101 crore during the same period last year. The total income stood at Rs 10,303.67 crore during the third quarter of the current financial year, as against Rs 8,332 crore during a year ago period, an increase of 23.6 per cent.

However, the company, in its result announcement, said, "Consequent to acquisition of zinc business at Namibia, South Africa and Ireland in the second half of FY11, the for the quarter and nine months ended December 31 are not strictly comparable with corresponding previous periods."

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard