Sterlite Industries disappointed the street with the consolidated net profit growing 30.4 percent year-on-year to Rs 1,191 crore in the third quarter of financial year 2012-13 as against analysts' forecast of Rs 1,288 crore for the quarter.
Consolidated net sales went up by 4.3 percent YoY to Rs 10,690 crore in December quarter, which too came in below estimates.
Earnings before interest, tax, depreciation and amortisation (EBITDA) slipped slightly to Rs 2,264.4 crore from Rs 2,266.8 crore during the same period.
Analysts were expecting net sales at Rs 10,990 crore and EBITDA at Rs 2,440 crore for the third quarter.
Foreign exchange loss for the October-December quarter stood at Rs 10.3 crore, which was quite lower compared to Rs 436.3 crore in a year ago period.
EBITDA margin increased marginally to 21.2 percent in the third quarter of FY12 as against 22.1 percent in the corresponding quarter of previous fiscal and expectations of 22.2 percent.
At 15:27 hours IST, shares fell 0.83 percent to Rs 113.10 on Bombay Stock Exchange on Tuesday.
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