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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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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