Q3 FY16 earnings of the company met street estimates. The tech firm registered a standalone profit after tax (PAT) of Rs 41.91 crore in Q3 FY16 compared with Rs 23.06 crore in Q3 FY15.
Sterlite Technology, one of the leading IT firms of the country, announced its financial results for the quarter ended December 2015 on January 28, 2016.
Q3 FY16 earnings of the company met street estimates; the tech firm registered a standalone profit after tax (PAT) of Rs 41.91 crore in Q3 FY16 compared with Rs 23.06 crore in Q3 FY15.
Sterlite Tech posted a revenue of Rs. 1,117.09 crore vs. Rs. 873.23 cr Y-o-Y, while the total income stood at Rs. 1,134 crore vs. Rs. 894.53 crore Y-o-Y.
IIFL had estimated the company’s net revenue for Q3 FY16 at Rs. 1,064 crore; net profit was expected to be at Rs. 35.3 crore.
Stock commentary:
Sterlite Technologies Ltd is currently trading at Rs. 84.1, down by Rs. 0.4 or 0.47% from its previous closing of Rs. 84.5 on the BSE.
The scrip opened at Rs. 85.1 and has touched a high and low of Rs. 87.7 and Rs. 83.05 respectively. So far 1584974(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3336.9 crore.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.9 on 04-Aug-2015 and a 52 week low of Rs. 48.45 on 27-Mar-2015. Last one week high and low of the scrip stood at Rs. 86 and Rs. 78.75 respectively.
The promoters holding in the company stood at 54.77 % while Institutions and Non-Institutions held 15.05 % and 30.16 % respectively.
The stock is currently trading above its 50 DMA.
Q3 FY16 earnings of the company met street estimates; the tech firm registered a standalone profit after tax (PAT) of Rs 41.91 crore in Q3 FY16 compared with Rs 23.06 crore in Q3 FY15.
Sterlite Tech posted a revenue of Rs. 1,117.09 crore vs. Rs. 873.23 cr Y-o-Y, while the total income stood at Rs. 1,134 crore vs. Rs. 894.53 crore Y-o-Y.
IIFL had estimated the company’s net revenue for Q3 FY16 at Rs. 1,064 crore; net profit was expected to be at Rs. 35.3 crore.
Stock commentary:
Sterlite Technologies Ltd is currently trading at Rs. 84.1, down by Rs. 0.4 or 0.47% from its previous closing of Rs. 84.5 on the BSE.
The scrip opened at Rs. 85.1 and has touched a high and low of Rs. 87.7 and Rs. 83.05 respectively. So far 1584974(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3336.9 crore.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 109.9 on 04-Aug-2015 and a 52 week low of Rs. 48.45 on 27-Mar-2015. Last one week high and low of the scrip stood at Rs. 86 and Rs. 78.75 respectively.
The promoters holding in the company stood at 54.77 % while Institutions and Non-Institutions held 15.05 % and 30.16 % respectively.
The stock is currently trading above its 50 DMA.
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