Sterlite Industries (India) is trading higher by 3% to Rs 94.35 after reporting a better-than-expected 51% year-on-year (yoy) jump in its consolidated net profit at Rs 1,925 crore for the quarter ended March 2013 (Q4) on back of higher operational income.
The company's revenue grew at 17% yoy to Rs 12,674 crore during the recently concluded quarter driven by higher volumes and depreciation of the Indian Rupee, which more than offset lower metal prices.
Analyst on an average had expected net sales of Rs 11,180 crore and profit of Rs 1,506 crore from the Anil Agarwal promoted Vedanta Group Company.
On the operating front, the company’s EBITDA or operating profit grew 14.6% yoy at Rs 3,306 crore and EBITDA margin was 26.2% mainly due to higher profitability from all the segments.
“During Q4 and full year, the company delivered higher refined silver, lead, copper, aluminium and power and higher mined metal production at Zinc India,” Sterlite Industries said in a press release.
The stock opened at Rs 94 and touched high of Rs 96.75 on NSE. A combined around 5.5 million shares changed hands on the counter till 0951 hours on NSE and BSE.
The company's revenue grew at 17% yoy to Rs 12,674 crore during the recently concluded quarter driven by higher volumes and depreciation of the Indian Rupee, which more than offset lower metal prices.
Analyst on an average had expected net sales of Rs 11,180 crore and profit of Rs 1,506 crore from the Anil Agarwal promoted Vedanta Group Company.
On the operating front, the company’s EBITDA or operating profit grew 14.6% yoy at Rs 3,306 crore and EBITDA margin was 26.2% mainly due to higher profitability from all the segments.
“During Q4 and full year, the company delivered higher refined silver, lead, copper, aluminium and power and higher mined metal production at Zinc India,” Sterlite Industries said in a press release.
The stock opened at Rs 94 and touched high of Rs 96.75 on NSE. A combined around 5.5 million shares changed hands on the counter till 0951 hours on NSE and BSE.
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