Sterlite Industries - First Cut

[Rajesh Desai]

Dear Sir/Madam,

 

Sterlite Industries Ltd announced its Q3FY13 results on 29^th Jan, 2013.

 

The company arrived at net sales of INR10692 crore, which was up by 4.33% on YoY basis, but down by 3.05% on QoQ basis. The EBITDA for the quarter was INR2264 crore, which  was up by 12.68% on YoY basis, but again down by 17.53% on QoQ basis. The company posted net profit of INR1191 crore, which was up by 30.42% on YoY basis, but down by 32% on QoQ basis.

 

Sterlite industries Ltd Q3FY13 Consolidated Results
Particulars	Q3FY13A	Q3FY12A	Q2FY13A	YoY(%)	QoQ(%)
Net Sales	10692.4	10248.77	11028.92	4.33%	-3.05%
Other Operating Income	45.11	57.49	73.66
Total Operating Income	10737.51	10306.26	11102.58
Total Expenditure	8473.13	8296.72	8356.75
EBITDA	2264.38	2009.54	2745.83	12.68%	-17.53%
EBITDA Margin (%)	21.09%	19.50%	24.73%	159bps	(364)bps
Other Income	858.97	807.01	847.56
Operating Profit	3123.35	2816.55	3593.39
Depreciation	538.19	461.18	522.06
PBIT	2585.16	2355.37	3071.33
Interest	226.85	200.5	177.72
Exceptional Items	0	-6.43	0
PBT	2358.31	2148.44	2893.61
Tax	355.53	505.3	510.89
PAT	2002.78	1643.14	2382.72	21.89%	-15.95%
Minority Interest	-585.29	-466.04	-579.32
Shares of Associates	-226.08	-263.58	-60.71
Consolidated PAT	1191.41	913.52	1742.69	30.42%	-31.63%
PAT Margin (%)	18.65%	15.94%	21.46%	271bps	(281)bps
Equity Capital	336.12	336.12	336.12
Face Value	1	1	1
No. of Outstanding shares	336.12	336.12	336.12
EPS	5.96	4.89	7.09	21.89%	-15.95%
Source: Company Data, Microsec Research. All data in INR crores unless specified.

 

 

Regards,

 

Team Microsec Research

 

 

 

Microsec Capital Limited

Tel: 91 33 30512100

Fax: 91 33 30512020

 

--
CA. Rajesh Desai