|
NEWS RELEASE FOR IMMEDIATE PUBLICATION
Sterlite Technologies posts H1 sales of Rs 1400 Crores
|
|
|
|
... Commences Q3 FY14 with confirmed orders of about Rs 2500 Crores
NEWS RELEASE
FOR IMMEDIATE PUBLICATION
Pune, India - October 25, 2013:
Sterlite Technologies Limited [BSE: 532374, NSE: STRTECH], a leading global provider of transmission solutions for the telecom and power industries, today announced its second quarter and half year results for Financial Year 2014.
Financial highlights:
- Sterlite closed H1 of FY 14 with EBITDA of Rs 144 Cr over revenues of Rs 1401 Cr translating into a profitability margin of 10%
-
Net Income for the company has improved by 120 basis points from Rs 23 Cr in H1 FY 13 to Rs 35 Cr in H1, FY14
- The company had a healthy flow of orders in the quarter and starts the Q3, FY 14 with a strong open order book of Rs 2500 Cr.
- Q2FY14 accounted for International revenues of Rs. 270 Cr. (42% of total revenues)
Business Highlights:
In the Telecom Segment
- Launch of 3 new products in the Bend-insensitive, BOW-LITE family of fiber, extending the telecom portfolio catering to FTTx applications.
- Global footprints expanded with orders from one of the fastest growing telecom companies in Africa.
-
Received one of largest cable orders in the last 3 years from a leading domestic operator which will be using Sterlite's enhanced fiber.
In The Power segment
- Strengthened global presence with entry into two new geographies with exports now contributing more than 50% of the open order book
-
Secured the largest export order ever (~ 95 M USD) in the Latin America market.
In the Infrastructure segment
- Successful completion of the first line (Purnia - Bihar Sharif) for the ENICL, India's first Ultra mega transmission project in a record period of 26 months
- Two new projects won in this Quarter: RAPP 7, 8 & ERSS - 7, with total project outlay of Rs. 650 Cr.
"We continue to see consistent demand visibility for optical fiber and power conductors across geographies driven by trends like National Broadband Plan, 4G and improving regulatory environment in power sector.
In a challengingeconomic environment, we remain committed to our strategy and our customers, and we are encouraged by increasing customer interest in our end-to-end solutions offerings," says Mr Pravin Agarwal, Whole-time Director, Sterlite Technologies Limited.
|
|
About Sterlite Technologies Limited
Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE: STRTECH], is a leading global provider of transmission solutions for the power and telecom industries. Equipped with a product portfolio that includes power conductors, optical power ground wire, EHV/HV power cables, optical fibers, telecommunication cables and a comprehensive telecom systems / solutions portfolio, Sterlite's vision is to 'Connect every home on the planet'.
|
|
|
|
|
|
|
|
