Sterlite Technologies - Revenue Growth Comes Back; Traction Key Ahead: ICICI Direct 
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Sterlite Technologies - Revenue Growth Comes Back; 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 in Q3 FY21 was a mixed bag as topline beat (with growth returning after four quarters of decline) was offset by lower than expected margins.

Revenues came in at Rs 1314 crore, up 9.3% YoY. Product and services were in the ratio of 55:45.

Ebitda came in at Rs 230 crore, down 4.7% YoY, owing to revenue mix. Reported Ebitda margins came in at 17.5%, down 257 basis points YoY.

Profit after tax came in line at Rs 86.6, up 64.6% YoY, as Q3 FY20 had one-off tax settlement. On adjusted basis, PAT was down 4% YoY.

Click on the attachment to read the full report:

ICICI Direct Sterlite Tech Q3FY21 Company Update.pdf

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