Sterlite Tech Q1 net up 5-fold

Sterlite Tech Q1 net up 5-fold
PTI
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First Published: Mon, Jul 20 2009. 02 28 PM IST
Updated: Mon, Jul 20 2009. 02 28 PM IST
Mumbai: Sterlite Technologies on Monday reported a robust five-fold increase in its net profit for the quarter ended 30 June to Rs45.48 crore, over the corresponding period a year ago.
The company had a net profit of Rs8.80 crore during the June quarter a year earlier, Sterlite Technologies said in a filing to the Bombay Stock Exchange (BSE).
Net income of the telecom connectivity products and solutions provider also rose to Rs436.18 crore during the three-month period ended 30 June from Rs404.18 crore of last year.
Shares of Sterlite Technologies surged 5% from its previous close to hit its upper trading limit of Rs205.40 on the BSE.
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First Published: Mon, Jul 20 2009. 02 28 PM IST