Sterlite Technologies Q4 Review - Healthy Growth On Benign Base; Traction Key Ahead: ICICI Direct
(Source: Company website)

Sterlite Technologies Q4 Review - Healthy Growth On Benign Base; Traction Key Ahead: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Sterlite Technologies Ltd.’s performance for Q4 FY21 was a mixed bag with a slight topline beat but lower-than-expected margins.

Revenues came in at Rs 1,475 crore, up 27.1% YoY. We note that growth is on a benign base as Q4 FY20 had 35% YoY decline.

Product and services were in the ratio of 55:45.

Ebitda came in at Rs 256.5 crore, up 18.7% YoY, driven by topline growth.

Reported Ebitda margins came in at 17.4% (versus our estimate of 18.1%), down 123 basis points YoY, given the higher employee and other expenses.

Profit after tax at Rs 124.4 crore, up 54.9% YoY, was higher than expected, aided by lower depreciation and higher other income.

Click on the attachment to read the full report:

ICICI Direct Sterlite Tech Q4FY21 Result Review.pdf

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