Sterlite Technologies rose 0.97% to Rs 25.95 at 15:26 IST on BSE after net profit declined 6.25% to Rs 15 crore on 0.98% growth in sales to Rs 817 crore in Q4 March 2013 over Q4 March 2012.
The company announced Q4 results during trading hours today, 26 April 2013.
Meanwhile, the S&P BSE Sensex was down 123.50 points or 0.64% at 19,283.35.
On BSE, 2.68 lakh shares were traded on the counter as against average daily volume of 91,000 shares in past two weeks.
The stock hit a high of Rs 26.75 and a low of Rs 25.20 so far during the day.
Earnings before interest, taxation, depreciation and amortization rose 2.85% to Rs 72 crore in Q4 March 2013 over Q4 March 2012. EBITDA margin remained flat on year-on-year (YoY) basis at 9% in Q4 March 2013, but improved by 200 basis points from 7% in Q3 December 2012.
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Sterlite Technologies reported strong growth in net profit on sequential basis. Net profit surged 50% to Rs 15 crore on 1.44% decline in sales to Rs 817 crore in Q4 March 2013 over Q3 December 2012.
Sterlite Technologies' net profit rose 6.81% to Rs 47 crore on 22.99% growth in sales to Rs 3354 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). EBITDA rose 16.59% to Rs 260 crore in FY 2013. EBITDA margin remained unchanged at 8% in FY 2013.
Sterlite Technologies said that with ongoing capacity expansion, the company continues to show volume growth in all segments. FY 2013 saw highest ever volumes in all businesses, the company said in a statement.
There has been a YoY growth of about 7% and 29% in optical fiber and fiber cable volumes respectively in FY 2013, the company said. The volume growth in conductor segment has been modest at 2% on account of strong focus in FY 2013 towards quality of orders rather than scaling volumes, Sterlite Technologies said in a statement.
Sterlite Technologies said that after a temporary drop in volumes in Q3 December 2012, the volumes for optical fiber are back on track in Q4 March 2013. The Q4 March 2013 fiber cable and the power conductor volumes are in line with Q4 March 2012, the company added.
The order book for the company as on date stands at about Rs 1900 crore. Out of this, the power segment constitutes Rs 1550 crore while telecom accounts for Rs 350 crore, Sterlite Technologies said in a statement.
Sterlite Technologies' networth improved 4.17% to Rs 1197 crore as on 31 March 2013, from Rs 1149 crore as on 31 March 2012.
For the ongoing capacity expansions in the company's core business, it has incurred a capital expenditure (capex) of about Rs 110 crore in FY 2013.
The consolidated net debt of the company as on 31 March 2013 stood at Rs 2200 crore out of which the total investment in the BOOM projects is of Rs 1960 crore, Sterlite Technologies said in a statement.
Sterlite Technologies' board of directors at a meeting held today, 26 April 2013, recommended final dividend of 30 paise per share for FY 2013.
Sterlite Technologies is a leading global provider of transmission solutions for the power and telecom industries. The company's product portfolio includes power conductors, optical fibers, telecommunication cables and a comprehensive telecom systems/solutions.
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