Sterlite Tech's Q4 net rises 15% to Rs 64 cr

Company closed its order book at an all-time high of Rs 3,018 cr

Sterlite Technologies on Wednesday posted a 15% increase in net profit of Rs 64 crore for the quarter that ended in March as the company gears up to have a greater share in the telecom data market amid unprecedented demand.

“We are witnessing an unprecedented growth in new technologies such as cloud computing and artificial intelligence, which is creating the need for new networks based on very high data speed and very low response time. Our strategy of increasing capacity and capabilities will go hand-in-hand with meeting our customers’ evolving needs,” said Anand Agarwal, CEO, Sterlite Tech.

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