Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
06 March, 2015 07:55 IST
Sterlite Industries Q3 profit climbs 30.4%
Source: IRIS | 29 Jan, 2013, 04.25PM
Comments  |  Post Comment

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).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
FIIs can invest up to 34% in Container Corporation - 05-Mar-2015 18:44
BEML rolls out country's biggest dump truck - 05-Mar-2015 17:45
ICICIdirect selects Tech Mahindra as techno-funda pick - 05-Mar-2015 16:35
Tele2 and HCL Technologies form strategic alliance - 05-Mar-2015 15:52
ONGC's oil production from its western offshore breaks 5 years record - 05-Mar-2015 13:07
NTPC commissions Barh Thermal Power Project - 05-Mar-2015 12:31
Tech Mahindra strengthens footprint in Vietnam - 05-Mar-2015 11:38
Aban Offshore arms redeem outstanding bonds worth Rs 13.35 bn - 05-Mar-2015 09:52
Aban Offshore arms redeem outstanding bonds worth Rs 13.35 bn - 05-Mar-2015 09:52
Axis Bank raises USD 250 mn via overseas bonds - 05-Mar-2015 09:48
Reliance Infra acquires Pipavav Defence - 05-Mar-2015 09:19
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer