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Sterlite Industries Q2 net profit down at Rs 959 cr
Sterlite Industries has announced its second quarter FY10 results. Its net profit went down to Rs 959 crore as against Rs 1,277 crore, on year-on-year basis (YoY).
Net sales declined to Rs 6,085 crore from Rs 6,594 crore (YoY).
Bottomline and topline numbers were above the street estimates. CNBC-TV18 was expecting net profit at Rs 791 crore and net sales at Rs 5,572 crore.
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| Particulars | Sept-09 | Jun-09 | Mar-09 | Dec-08 |
| Net Sales / Interest Earned / Operating Income | 3617.71 | 2366.73 | 2331.68 | 2594.27 |
| Other Income | 221.03 | 183.99 | 183.12 | 183.85 |
| Total Income | 3838.74 | 2550.72 | 2514.8 | 2778.12 |
| Expenditure | -3515.57 | -2314.83 | -2179.69 | -2497.67 |
| Interest | -43.14 | -53.36 | -50.24 | -70.07 |
| Profit Before Depreciation and Tax | 280.03 | 182.53 | 284.87 | 210.38 |
| Depreciation | -37.67 | -37.18 | -57.7 | -36.47 |
| Profit before Tax | 242.36 | 145.35 | 227.17 | 173.91 |
| Tax | -32.85 | -32.65 | -15.61 | 30.1 |
| Net Profit | 209.51 | 112.7 | 211.56 | 204.01 |
| Equity Capital | 168.08 | 141.7 | 141.7 | 141.7 |
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