 "Sterlite Tech")
Broadband technology solutions provider Sterlite Technologies on Thursday posted a 96 per cent decline in consolidated net profit to Rs 5.96 crore for the June quarter, hit by the Covid-19 crisis.
The company had recorded a profit of Rs 142.87 crore in the same period a year ago.
Total income of Sterlite Technologies (STL) declined by 38.5 per cent to Rs 885.73 crore from Rs 1,440.73 crore in the corresponding quarter of the preceding fiscal.
"Covid-19 impacted performance. Project execution significantly impacted due to lockdown. Production and delivery was hurt due to logistics challenges," STL said in a presentation.
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