Sterlite Tech Q4 profit jumps 77% to Rs 112 cr

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

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26 Aug, 2025 12:21

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Optical fibre maker Sterlite Tech today posted 77 percent jump in consolidated net profit at Rs 112.42 crore for the January-March quarter on account of high demand for optical fibre products in telecom networks. The company had posted a net profit of Rs 63.66 crore in the same period a year ago.

"Demand for high speed broadband is on rise which is keeping up demand for optical fibres. Demand for optical fibre cables almost doubled. Last year, we were operating at 40 percent capacity utilisation and now it has increased to the range of 80-90 percent," Sterlite Tech Chief Financial Officer Anupam Jindal told PTI.

The company reported 21.6 percent increase in consolidated revenue at Rs 863.81 crore in the reported quarter compared to Rs 710.24 crore it posted in the same period a year ago.

"Fuelled by demand from China and Europe, exports contributed 54 percent to the revenues for fiscal year 2018," Jindal said.

For year ended March 31, 2018, Sterlite Tech posted 66 percent increase in its profit at Rs 334.33 crore from Rs 201.38 crore it posted at the end of previous fiscal. The annual revenue of the company increased by 24 percent to Rs 3,244.76 crore from Rs 2,617 crore in the previous year.

Sterlite Tech reported all-time high order book of Rs 5,223 crore in a quarter, up by 73 percent from Rs 3,018 crore in the corresponding period of 2016-17.

"We have 30 million route kilometer of optical fibre capacity which is working at 100 percent capacity. We expect 10 million incremental capacity to be available by end of this year from new plant which is being set up," Jindal said.

The board of the company also approved raising of Rs 2,000 crore through non-convertible debentures.

Shares of Sterlite Tech today closed at Rs 337.2 a unit, down by 4.99 percent, at BSE.