Sterlite Technologies Limited
NSE Symbol STRTECH
STERLITE TECHNOLOGIES has
declared its results for Q4 and FY 2012.
REVIEW OF Q4 FY 12
STAND ALONE RESULTS
Net Sales for Q4 FY 12 stands at Rs.797.53 cr;
compared to Rs.663.53 Cr (Up 20.2%) in Q3 FY 12; and compared to Rs.682.23 Cr
(Up 16.9%) in Q4 FY 11.
Raw Materials for Q4 FY 12 stands at
Rs.465.10 cr; compared to Rs.510.46 Cr (down -8.89%) in Q3 FY 12; and compared
to Rs.481.72 Cr (down -3.45%) in Q4 FY 11.
Other Expenditure for Q4 FY 12 stands at
Rs.163.22 cr; compared to Rs.124.26 Cr (Up 31.35%) in Q3 FY 12; and compared to
Rs.105.35 Cr (Up 54.93%) in Q4 FY 11.
Total Expenditure for Q4 FY 12 stands at Rs.764.10 cr; compared to Rs.630.92 Cr (Up
21.11%) in Q3 FY 12; and compared to Rs.649 Cr (Up 17.73%) in Q4 FY 11.
Profit from Operations for Q4 FY 12 stands at
Rs.45.23 cr; compared to Rs.32.61 Cr (Up 38.7%)
in Q3 FY 12; and compared to Rs.33.23 Cr (Up 36.11%) in Q4 FY 11.
Other Income for Q4 FY 12 stands at Rs.3.39 cr;
compared to Rs.3.33 Cr (Up 1.8%) in Q3 FY 12; and compared to Rs.7 Cr (Up 4742.86%)
in Q4 FY 11.
Interest for
Q4 FY 12 stands at Rs. 29.32 cr; compared to Rs. 23.18 Cr (Up 26.49%) in Q3 FY 12; and compared to Rs.18.22 Cr (Up 60.92%) in Q4 FY 11.
Profit before tax for Q4 FY 12 stands at Rs. 19.30 cr; compared
to Rs.12.76 Cr (Up 51.25%) in Q3 FY 12; and compared to Rs.15.08 Cr (Up 27.98%)
in Q4 FY 11.
Tax expense for Q4 FY 12 stands at Rs.2.82 cr;
compared to Rs.3.29 Cr (down -14.29%) in Q3 FY 12; and compared to Rs.4.78 Cr (down
-41%) in Q4 FY 11.
Net Profit for Q4 FY 12 stands at Rs.16.48 cr;
compared to Rs.9.47 Cr (Up 74.02%) in Q3 FY 12; and compared to Rs.10.30 Cr (Up 60%) in Q4 FY 11.
Face Value of the share is Rs.2; Paid Up Equity
is Rs.78.65 Cr.
Basic EPS stands at Rs.0.42 in Q4 FY 12;
compared to Rs.0.24 in Q3 FY 12; and Rs.0.29 in Q4 FY 11.
OTHER DETAILS
The confirmed order book
as on April 1, 2012 stands at about Rs 2,300 Crores, and a bulk of these orders
would be executed during FY13.
ANNUAL (Consolidated) RESULTS
FY12 vs FY 11
Net Sales from Operations in FY 12 stands at Rs.2566.95
cr; compared to Rs.2262.12 Cr in FY 11 (Up by 13.48%).
Consumption of Raw Materials in FY 12 stands at
Rs.1800.39 cr; compared to Rs.1585 Cr in FY 11 (Up by 13.59%).
Employees Cost in FY 12 stands at Rs.99.83
cr; compared to Rs.82.58 Cr in FY 11 (Up by 20.89%).
Depreciation in FY 12 stands at Rs.71.53 cr;
compared to Rs.56.03 Cr in FY 11 (Up
by 27.66%).
Other Expenditure in FY 12 stands at Rs.533.63
cr; compared to Rs.359.91 Cr in FY 11 (Up by 48.27%).
Total Expenditure in FY 12 stands at Rs.2504.69 cr; compared to Rs.2052.59 Cr in FY
11 (Up by 22.03%).
Profit from Operations in FY 12 stands at Rs.117.06 cr; compared to
Rs.209.53 Cr in FY 11 (Down by - 44.13%).
Other Income in FY 12 stands at Rs.27.14 cr;
compared to Rs.14.96 Cr in FY 11 (Up by 81.42%).
Interest in FY 12 stands at Rs.92.40 cr; compared to
Rs.45.17 cr in FY 11(Up by 104.56%).
Profit before tax in FY 12 stands at Rs.51.80
cr; compared to Rs.179.32 Cr in FY 11 (down by -71.11%). Interest Costs have
dragged down the PBT by over 71%.
Tax Expense in FY 12 stands at Rs.12.93 cr;
compared to Rs.37.96 Cr in FY 11 (down by -65.94%).
Consolidated NPT in FY 12 stands at Rs.39.64 cr; compared to
Rs.141.25 Cr in FY 11 (down by -71.94%). The main factor which dragged down the
Net Profits is the huge Interest costs during the year.
Reserves in FY 12 stands at Rs.1066.20 cr;
compared to Rs.935.26 Cr in FY 11 (up by 14%).
Basic EPS in FY 12 stands at Rs.1.01 in FY 12; compared
to Rs.3.97 in FY 11. Thus, there is a steep decline in profitability in FY 12.
Current Price of
the share is Rs.35.10. ; while the 52 week high price is Rs.63.50 and the 52 week low price is Rs.27.40. Face Value is Rs.2.
On this basis, the PE Ratio stands at 34.75. The company has
good order Book Position. But, its Profitability in FY 2013 depends on the
Interest costs during the year.
Public holding (%) in the company is 45.31%.
- Telecom business
revenues of Rs 804 Crores at an EBITDA margin of 17.3%.
-Power business revenues
of Rs 1,923 Crores at an EBITDA margin of 4.4%.
- International sales
revenues of about Rs 800 Crores; approximately 30% of net revenues.
- The Board has
recommended a dividend of 15% for the year.
Business highlights for
FY 12
- Good Tier-1 clients
added for all businesses across geographies.
- Market entry into new
geographies like North America and Latin America
- Sterlite places orders for
Transmission lines (765 kV) which are part of its overall BOOM portfolio of 3
UMTP projects for supplies of equipment and EPC of two 1500 MVA (765/400KV)
substations.
-Sterlite power conductors
selected by PGCIL for high voltage & green energy transmission systems
- Focused efforts in
product development have lead to the introduction of ACCC conductors, G657
optical fiber and blown fiber optic cables
- Awards: Top 100 CISO
Awards, EMC Cloud Pioneer Awards
-The Company exited the
year at capacities of 160,000 MT for power conductors and over 12 million km
for optical fibers. The capacity expansion of 20 million kms for optical fiber
is on schedule.
The Leadership Team and I
continue to retain a optimistic view of our business, its market opportunities
and our vision for the future.”
About Sterlite
Technologies Limited
Sterlite Technologies
Limited (“Sterlite”) [BSE: 532374, NSE: STRTECH], is a leading global provider
of transmission solutions for the power and telecom industries. Equipped with a
product portfolio that includes power conductors, optical fibers,
telecommunication cables and a comprehensive telecom systems / solutions
portfolio, Sterlite's vision is to 'Connect every home on the planet'. Sterlite
is also executing multi-million dollar power transmission system projects,
pan-India.
ANNOUNCEMENTS BY CO. TO
NSE
26-04-2012 Sterlite Technologies earns net revenues of
Rs. 2,727 Crores in FY 12
26-04-2012 Board of Directors have recommended a Final
Dividend of 15% (Rs.0.30/- on Equity Share of Rs.2/- each of the Company)
26-04-2012 standalone Results for the y/e on 31-MAR-2012
as follows: Net Sales of Rs. 272747 lacs for y/e on 31-MAR-2012 against Rs.
226255 lacs for the y/e on 31-MAR-2011. Net Profit / (Loss) of Rs. 4384 lacs
for the year ending on 31-MAR-2012 against Rs. 14053 lacs for the y/e on
31-MAR-2011.
26-04-2012 consolidated Results for the year ended on
31-MAR-2012 as follows: Net Sales of Rs. 262175 lacs for y/e on 31-MAR-2012
against Rs. 226212 lacs for the y/e on 31-MAR-2011. Net Profit / (Loss) of Rs.
3964 lacs for the y/e on 31-MAR-2012 against Rs. 14125 lacs for the y/e on
31-MAR-2011.
26-04-2012 standalone Results for the q/e on 31-MAR-2012
as follows: Net Sales of Rs. 80933 lacs for q/e on 31-MAR-2012 against Rs.
68223 lacs for the q/e on 31-MAR-2011. Net Profit / (Loss) of Rs. 1648 lacs for
the q/e on 31-MAR-2012 against Rs. 1030 lacs for the quarter ending on
31-MAR-2011.
25-01-2012 Commences Q4 FY12 with confirmed orders of
about Rs.2,400 Crores.
18-01-2012 Sterlite Grid places orders for four
Transmission lines (765 kV) which are part of its overall BOOM portfolio of 3
UMTP projects.
01-12-2011 Hon'ble High Court of judicature at Bombay
has vide its Order dated October 21, 2011 approved the Scheme of Amalgamation
of Sterlite Infra-Tech Limited (100% Subsidiary of the company) with the Company.The
appointed date as per the Scheme of Amalgamation is April 1, 2011. Sterlite
Infra-Tech Limited stands amalgamated with the Company effective from December
1, 2011.
21-09-2011 Sterlite Technologies wins Contract to
implement a central office broadband system for BSNL.
07-09-2011 Sterlite awards contracts worth Rs.500 Crores.
25-08-2011 selection of the Company for two new
contracts by Power Grid Corporation of India (PGCIL) for manufacture and supply
of power conductors.
19-08-2011 Sterlite Technologies chosen to enhance
network for promotion of Higher Education in India
29-04-2011 standalone Results for the year ended on
31-MAR-2011 as follows: Net Sales of Rs. 226255 lacs for year ending on
31-MAR-2011 against Rs. 243163 lacs for the y/e on 31-MAR-2010. Net Profit /
(Loss) of Rs. 14053 lacs for the y/e on 31-MAR-2011 against Rs. 24607 lacs for the
year ending on 31-MAR-2010.
29-04-2011 Consolidated Results for the year ended on
31-MAR-2011 as follows: Net Sales of Rs. 226212 lacs for y/e on 31-MAR-2011.
Net Profit / (Loss) of Rs. 14125 lacs for the y/e on 31-MAR-2011.
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