Vedanta Group company Sterlite Industries is expected to report a profit after tax of Rs 1,445 crore for the second quarter of FY12, a growth of 43.3% as compared to Rs 1,008 crore in the corresponding quarter of last fiscal.
Net sales are seen going up by 61.2% to Rs 9,716 crore from Rs 6,029 crore year-on-year.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to go up by 77.8% to Rs 2,620 crore in July-September quarter of FY12 as against Rs 1,473.5 crore in same quarter the previous year.
EBITDA margin is seen improving at 27% versus 24.4% during the same period.
On quarter-on-quarter basis, net sales are expected to go down 1.1% and PAT is likely to go down 11.9%.
Copper business contributes nearly 45-48% of its revenues but their margins are mainly aided by their zinc, lead and silver business
Sterlite holds 65% stake in Hindustan Zinc:
* Hindustan Zinc delivered decent set of numbers as their topline came in at Rs 2594 crore and PAT at Rs 1344 crore
* Hindustan Zinc benefits on the back of improvement in by-product realisation viz. silver, etc.
* Hindustan Zinc contributes nearly 58-60% to the PAT of Sterlite Industries. Factors to watch out for:
On a YoY basis, it is expected to report strong performance on the back of strong LME prices due to healthy contribution from the domestic and international zinc business
Also inclusion of its overseas unit
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
