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Sterlite Technologies Confident Of Improving Margins Ahead
The tech company posted a net profit of Rs 120.7 crore for quarter-ended June.
20 Jul 2018, 06:09 PM IST 
Cables connect to a cryptocurrency mining rig. (Photographer: Akos Stiller/Bloomberg)
Sterlite Technologies Ltd. is confident of improving operating margins in the long run.
“Our current margins may come down in short- to medium-term as services business pick up,” Sterlite Technologies Chief Financial Officer Anupam Jindal told BloombergQuint in an interview.
Key Q1 Earnings Highlights:
- Net profit at Rs 120.7 crore versus Rs 60.6 crore (YoY)
- Revenue up 3.6 percent At Rs 877 crore versus Rs 846.6 crore (QoQ); Rs 716 Cr (YoY)
- EBITDA up 46 percent at Rs 244.8 crore versus Rs 157 crore (YoY)
- Order book now at an all-time high of Rs 6,034 crore
Better capacity utilisation, new product portfolio internal efficiencies and pricing improvement helped improve first quarter margins, he said. “Our endeavour continues to be increasing absolute margins and Ebitda percentage margins.”
Watch the entire conversation here:
Shares of Sterlite Technologies Ltd. today closed 9.7 percent higher today on the BSE at Rs 330.25.