Moneycontrol
Jul 19, 2017 01:30 PM IST | Source: Moneycontrol.com

Sterlite Technologies hits 1-year high on strong June qtr numbers

The company has reported the highest ever quarterly export sales of Rs 320 crore and highest order book of Rs 3140 crore at the end of this quarter.

Sterlite Technologies hits 1-year high on strong June qtr numbers

Moneycontrol News

Share price of Sterlite Technologies touched 52-week high of Rs 170.50, rises 9 percent intraday Wednesday on strong earnings posted by the company in the quarter ended June 2017.

The company's June quarter consolidated net profit increased 60 percent to Rs 61 crore against Rs 38 crore, in the same quarter last year.

Revenue of the company rose 23 percent at Rs 744 crore, which is mainly driven by strong order book and export sales.

The company has reported the highest ever quarterly export sales of Rs 320 crore and highest order book of Rs 3140 crore at the end of this quarter.

At 13:28 hrs Sterlite Technologies was quoting at Rs 167.55, up Rs 9.45, or 5.98 percent on the BSE.

Posted by Rakesh Patil
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