Sterlite Technologies - Result Review
Thursday, May 15, 2008Sterlite Technologies' (STL) Q4FY08 revenues and EBITDA have been in line with our estimates, while net profit has exceeded expectations mainly due to a lower tax burden for the quarter. The management's FY09 guidance is also ahead of our estimates with revenue and PAT growth pegged at 35–45% and 55–60% respectively.
STL holds a robust order book totalling Rs 13.2bn, with orders worth Rs 3bn received from Power Grid in April. The company's Haridwar plant was commissioned during the quarter and is operating at optimum capacity utilisation, driving volume growth in the conductor segment. The management is also continuing with its plans to further expand manufacturing capacities in the conductor and optic fibre businesses in order to achieve global scale.
Recent Corporate Earnings / Breaking News
- Billion Dollar Trouble for Satyam Computers
- Market share of Life Insurance Companies in India
- Mphasis - De-listing Premium Likely to Return in S...
- NIIT new vendor for payment card industry
- Industrial Production at 6 year Low
- Voltamp Transformers - Electrifying Profits
- Punjab Tractors Ltd
- Inflation at 7.61%
- Inflation - Rising Cost of Doing Business in India...
- Bartronics India - Going Strong
