Optical-fibre cable maker Sterlite Technologies today reported over three-fold jump in net profit at Rs 18.33 crore for the quarter ended June 30, 2012.
The company had net profit of Rs 5.23 crore in the same quarter of the last financial year.
Total income from operations rose to Rs 866.11 crore for the April-June quarter of FY'13 as compared to Rs 547.33 crore in the corresponding quarter last fiscal.
"We have seen strong growth across all our product lines and industry segments driven by robust volumes from key markets like Latin America, Europe and the UK," Sterlite Technologies Whole-Time Director Pravin Agarwal said in a statement.
During the quarter, the company gained entry into the US market with first conductor order, the statement said.
It was granted one more patent in India, taking the total up to 46 patents granted in USA, Europe, India and China, it added.
"The telecom business earned revenues of Rs 276 crore in Q1 FY 13, a growth of 89% year-on-year," the statement said, adding revenue from international sales during the quarter stood at around Rs 300 crore, which is 35% of net revenues.
"Looking ahead, Sterlite continues to see good demand from global clients as they successfully navigate an increasingly complex environment," Agarwal added.
