People working on computers in an office (Photographer: Victor J. Blue/Bloomberg)

Sterlite Technologies Aims To Triple Profit In Three Years

Sterlite Technologies Ltd. aims to triple net profit to $100 million in the next three years, which would translate to a compound annual growth rate of 50 percent, said its chief executive officer and whole-time director Anand Agarwal.

This CAGR is achievable on the back of strong operating leverage, he told BloombergQuint.

Owing to diversified customer portfolio and with broader offerings, revenue growth will be more of a derivative than something we need to push for, Agarwal said.

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