Global provider of optical fibres Sterlite Technologies today said its net profit jumped over three-fold to Rs 73.72 crore for the quarter ended December 31, 2009, over the same period last year.
Net sales rose to Rs 867.27 crore for the third quarter ended December 31, against Rs 641.99 crore in the same period last year, Sterlite Technologies said in a filing to the Bombay Stock Exchange.
Further, the company board approved to raise Rs 1,500 crore through various sources from domestic and international markets.
The board has approved bonus shares in the ratio 1:1 to the existing shareholders of the company.
Besides, the board has also approved sub-division of shares, of face value Rs 5 each, into shares with a Rs 2 a piece value, resulting in a stock split ratio of 1:2.5, the filing added.
The proposals are subject to shareholders approvals.
Shares of Sterlite Technologies were trading at Rs 414.50 on the BSE, down 2.19 per cent from its previous close.
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