24 April, 2014 18:18 IST
News
Sterlite Industries Q3 profit climbs 30.4%
Source: IRIS (29-JAN-13)
Rating: 4 / 5 stars.
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Sterlite Industries, India's largest non-ferrous metals and mining company, today reported growth of 30.42% in consolidated net profit to Rs 11.91 billion for the quarter ended Dec. 31, 2012 as compared to Rs 9.14 billion in the same period last year.

Total consolidated income has increased by 4.35% to Rs 115.96 billion for the quarter ended Dec. 31, 2012 from Rs 111.13 billion in the year ago period.

During the quarter, the operating profit margin increased 117 bps to 15.72% from 14.55% for the same period last year.

Anil Agarwal, chairman, Sterlite Industries (Q,N,C,F)* (India) said, ''Sterlite Industries continues to maintain its strong performance and leadership position. We have substantially improved our efficiencies, operational performance and metal production across businesses. Zinc India is poised for the next phase of growth as we embark on a major exploration drive using best in class technology and global expertise.''

Shares of the company declined Rs 0.8, or 0.7%, to settle at Rs 113.25. The total volume of shares traded was 658,545 at the BSE (Tuesday).


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* Q - Quote , N - News , C - Chart , F - Financials
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