Sterlite Technologies Posts H1 Sales of Rs.1708 Crores

PUNE, India, October 26, 2012 /PRNewswire/ --

Sterlite Technologies Limited [BSE: 532374, NSE: STRTECH], a leading global provider of transmission solutions for the telecom and power industries, today announced financial results for the second quarter of 2012.

Financial highlights:

• Half-Yearly Net Revenues of Rs. 1708 Crores (US$ 322 Million), up 36% year over year
• Consistent volume growth year on year in all core businesses
• The Q2 EBITDA for the company was Rs. 54 Crores, after accounting for a provision of Rs 26 Crores in the power segment towards receivables from a debtor on account of a dispute.

    Standalone                               6 Months ended       Year ended
    Financials         Quarter Ended          September 30          March 31
                   Sep 12 June 12 Sep 11   2012         2011         2012
    Net Revenues
    (Rs Crore)
    Net Revenues   842    866     707      1708         1255        2,727
    (US$ Mn)       159    163     133       322          237          515
    EBITDA (Rs
    Crore)
    EBITDA (US$     54     74      54       128           98          223
    Mn)             10     14      10        24           18           42
    PAT (Rs Crore)   4     18      13        23           18           44
    PAT (US$ Mn)     1      3       2         4            3            8
    Diluted EPS
    (Rs.)         0.11   0.46    0.32      0.57         0.45         1.11

Business Highlights:

• The Company won the Voice & Data "Top Telecom Cable Company 2011-12" award for being India's biggest player in FY 2011-12 for ninth year in a row.
• The company received orders worth Rs 720 Crores (US$ 136 Million). More than half of the orders are from international market.
• The company added many new customers primarily in the Middle East region and also received orders which are a part of Argentina's National Broadband Plan.
• Sterlite commenced work on the country's first-ever ACCC stringing line as part of re-conductoring of 132 kV transmission line in Gujarat.

"Sterlite is well positioned to help our customers formulate value-enhancing solutions and we believe the current economic climate will continue to create significant medium and long-term growth opportunities for the company," says Mr Pravin Agarwal, Whole-time Director, Sterlite Technologies Limited.

About Sterlite Technologies Limited

Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE: STRTECH], is a leading global provider of connectivity 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.

Primary Media Contact: Mohit Kochar, [email protected], 91-20-30514000

Secondary Media Contact: Vishal Aggarwal, [email protected], 91-20-30514000