Sterlite Tech Q3 net up 134%, 1:1 bonus

Sterlite Technologies has reported a 134% jump in net profit to Rs 73.72 crore for the quarter ended December 31, 2009 as compared to Rs 31.45 crore in the corresponding quarter a year ago.

According to a release issued by the company to the BSE, net sales increased 35% to Rs 867.27 crore as compared to Rs 641.99 crore.

The company has declared a bonus issue in the ratio of 1:1. And has also announced a stock split, from fave value of Rs 5 per share to Rs 2 per share.

The company further plans to raise Rs 1,500 crore in the domestic and the international market.