Moneycontrol
Jul 20, 2017 02:41 PM IST | Source: CNBC-TV18

Aim to achieve USD 100m profit in FY20, says Sterlite Tech

Sterlite Technologies surges 12 percent on high volumes after posting good numbers with the highest ever quarterly revenue, highest ever order book and the highest ever quarterly export sales. The company eyes a USD 100 million profit target by FY20.

Sterlite Technologies surges 12 percent on high volumes after posting good numbers with the highest ever quarterly revenue, highest ever order book and the highest ever quarterly export sales. The company eyes a USD 100 million profit target by FY20.

In an interview to CNBC-TV18, Anand Agarwal, CEO & Director of Sterlite Technologies spoke about the results and his outlook for the company.

We have set a directional goal to achieve USD 100 million profits in FY20, said Agarwal.

He further said that the company sees an EBITDA compound annual growth rate (CAGR) of 40-45 percent over the next 3 years.

Thirty percent of cable for BharatNet's first phase is supplied by the Sterlite Technologies.

For entire interview, watch accompanying video.
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