Sterlite Technologies shows sustained quarter-on-quarter growth

[RAJESH DESAI]

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Sterlite Technologies shows sustained quarter-on-quarter growth
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Pune, INDIA - July 27, 2012

Sterlite Technologies Limited [BSE: 532374, NSE: STRTECH], a leading global provider
of transmission solutions for the power and telecom industries, announced its results
for the quarter ended June 30, 2012. The company posted net revenues of Rs. 866
Crores, with an EBITDA of  Rs. 74 Crores and net profit of Rs. 18 Crores.

Financial highlights for quarter ended June 30 2012:


* Highest ever net revenues in a quarter of Rs. 866 Crores
* Revenue from international sales during the quarter is around Rs. 300 Crores,
which is 35% of net revenues
* Good volume growth seen in both, telecom and power segments
* The power business earned revenues of Rs. 570 Crores in Q1FY13; a growth of 47%
year-on-year
* The telecom business earned revenues of Rs. 276 Crores in Q1FY13; a growth of
89% year-on-year

Industry Updates:


* In 2012, the global demand for optical fiber is anticipated to be 250 million
km
* Investments in Fiber-to-the-Home/Building (FTTH/B) will continue to remain crucial
for the growth in the fiber industry
* With NTP (National Telecom Policy) 2012, the Indian government aims to expand
coverage of telecom services in rural area from the existing 35 percent to 100 percent
by 2020. The thrust areas of NTP 2012 include, among others:

* Voice over Internet Protocol
* Cloud Computing, Next Generation Network including IPV6
* In the power sector, massive investments being planned globally to strengthen,
 upgrade, overhaul and smarten the national grids
* India now plans to connect all regional grids into a National Grid by 2014 to
improve transmission of power across the country

Business highlights in Q1 FY13:


* Entry into the US market with first conductor order; first HTLS orders in Europe
(Poland), Latin America (Costa Rica) and South Africa
* First large scale international OPGW order of 2200 KM from Algeria; second largest
order of Power conductors ever of 11000 MT from Turkey
* Grant of 1 more patent in India, taking the total up to 46 patents granted in
USA, Europe, India & China
* Financial closure of all three BOOM projects, with execution continuing on schedule.

Mr Pravin Agarwal, Whole-time Director, Sterlite Technologies Limited says, "We
have seen strong growth across all our product lines and industry segments driven
by robust volumes from key markets like Latin America, Europe and the UK.  Looking
ahead, Sterlite continues to see good demand from global clients as they successfully
navigate an increasingly complex environment. Our investments in new technologies
and platforms are bearing fruit and will enable us to make strategic decisions,
investments, and organizational moves to support the needs of our stakeholders."

Note: Sales for Power and Telecom segment are inclusiveof the 'Other operating income'
attributable to these segments. The financial results report segmental revenues
excluding thisoperating income (As per Schedule - VI of SEBI guidelines)
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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 fibers, telecommunication cables and a comprehensive telecom
systems / solutions portfolio, Sterlite's vision is to 'Connect every home on the
planet'. Sterlite is also executing multi-million dollar power transmission system
projects, pan-India.

For more details, please visit www.sterlitetechnologies.com [http://r20.rs6.net/tn.jsp?e=001ziSp8BVE7csM2D84OuYQ6D5qAKmEhVINbkCugxgfIRGm-VB50vXVXAvDAnnOpi4P8YbOm4AyZs2TYTkyUdbF86tVSndTJ0aHM3Uk6vsN7YJb8PzxZx8WtJbbYUACIUJr]
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Contacts:

Aditya Hirlekar: Corporate Communications, Sterlite Technologies Limited
Phone: +91.20.30514000, Email: aditya....@sterlite.com

Vishal Aggarwal: Investor Relations, Sterlite Technologies Limited
Phone: +91.20.30514000, Email: vishal....@sterlite.com

--
CA. Rajesh Desai