Sterlite Technologies has registered a net profit of Rs 246.07 crore for the financial year ended March 31, 2010. This is more than double that of FY09 when the net profit was pegged at Rs 90.15 crore.
The board of directors of the company has also recommended a final dividend of 25 per cent (Re 0.50 on equity share of Rs 2 each) for approval by the shareholders of the company.
In a stock exchange announcement, the company has reported a net sales of Rs 2,431.63 crore on a standalone basis for the financial year 2009-2010. This represents a 6.22 per cent rise over the net sales for FY09.
Shares of Sterlite Technologies gained nearly 5 per cent or Rs 4.25 on the Bombay Stock Exchange to trade at Rs 91.50.
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