STERLITE TECHNLGS 
By Sterlite Technologies Posts
H1 Sales of Rs.1708 Crores
NEWS RELEASE FOR IMMEDIATE PUBLICATION Pune, India - October 26, 2012:
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.
• 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 w a s R s . 5 4 c r o r e s , a f t e r accounting for a provision of Rs 26
Crores in the power segment towards receivables from a debtor on account of a dispute.
Business Highlights:• The Company won the Voice & D a t a " To p Te l e c o m C a b l e 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
Milllion. More than half of the o rd e r s a re f ro m i n t e r n a t i o n a l market.
• The company added many new customers primarily in the Middle East region and also received o r d e r s w h i c h a r e a p a r t o f Argentina's National Broadband Plan.
• Sterlite commenced work on
country's first ever ACCC stringing line as part of
re-conductoring of
1 3 2 K V t r a n s m i s s i o n l i n e i n
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, W h o l e - t i m e D i r e c t o r, S t e r l i t e
Technologies Limited.
Standalone financials | Quarter ended | 6-months ended Sep 30 | Year ended March31 | |||
Standalone financials | Sep 12 | June 12 | Sep 11 | 2012 | 2011 | 2012 |
Net Revenues (Rs Crore) Net Revenues (US$ Mn) | 842 159 | 866 163 | 707 133 | 1708 322 | 1255 237 | 2727 515 |
EBITDA (Rs Crore) EBITDA (US$ Mn) | 54 10 | 74 14 | 54 10 | 128 24 | 98 18 | 223 42 |
PAT (Rs Crore) PAT (US$ Mn) | 4 1 | 18 3 | 13 2 | 23 4 | 18 3 | 44 8 |
Diluted EPS (Rs.) | 0.11 | 0.46 | 0.32 | 0.57 | 0.45 | 1.11 |
'Connect every home on the planet'.
Sterlite is also executing multi-million dollar power
transmission system
projects, pan-India.
Mohit Kochar
Corporate Communications Sterlite Technologies Limited Phone:
+91.20.30514000 mohit.kochar@sterlite.com
Vishal Aggarwal
Investor Relations
Sterlite Technologies Limited Phone: +91.20.30514000
vishal.aggarwal@sterlite.com
Forward-looking and cautionary statements: Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and other statements relating to Sterlite Technologies' expected financial position, business strategy, the future development of Sterlite Technologies' operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite Technologies' present and future business strategies and the environment in which Sterlite Technologies Limited will operate in the future. The important factors that could cause actual
results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies' industry, and changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Sterlite Technologies' control, include, but are not limited to, those risk factors discussed in Sterlite Technologies' various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are available at www.nseindia.comand www.bseindia.com. Assumption US$ = Rs 53.
sterlitetechnologies.com STERLITE TECHNOLOGIES LIMITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2012( Rs. in Lacs except as stated) ( Rs. in Lacs except as stated)
Segment Reporting | ||||||
Segment Reporting | Quarter ended | Half year ended | Year ended | |||
Segment Reporting | Sept 12 (Unaudited) | June 12 (Unaudited) | Sept 11 (Unaudited) | Sept 12 (Unaudited) | Sept 11 (Unaudited) | Mar 12 (Audited) |
Segment Revenue Power Product and Solutions Telecom Product and Solutions | 54,858 27,461 | 56,953 27,634 | 50,597 18,284 | 111,811 55,095 | 89,237 32,847 | 190,179 77,088 |
Total | 82,319 | 84,587 | 68,881 | 166,906 | 122,084 | 267,267 |
Profit before Interest,Depreciation and Power Product and Solutions (Note 2) Telecom Product and Solutions | Tax 652 4,786 | 2,686 4,681 | 2,357 2,998 | 3,338 9,467 | 3,183 6,571 | 8,377 13,946 |
Total | 5,438 | 7,367 | 5,355 | 12,805 | 9,754 | 22,323 |
Profit before Interest and Tax Power Product and Solutions (Note 2) Telecom Product and Solutions | (37) 3,403 | 2,018 3,288 | 1,825 1,970 | 1,981 6,691 | 2,177 4,554 | 6,175 9,012 |
Total Interest Cost | 3,366 2,617 | 5,306 2,799 | 3,795 2,075 | 8,672 5,416 | 6,731 4,260 | 15,187 9,510 |
Profit before Tax | 749 | 2,507 | 1,720 | 3,256 | 2,471 | 5,677 |
Capital Employed (Segment Assets- Se Power Product and Solutions Telecom Product and Solutions Unallocable | gment Liabilitie 52,281 116,710 42,173 | s) 51,495 110,097 33,916 | 78,107 95,844 12,437 | 52,281 116,710 42,173 | 78,107 95,844 12,437 | 49,528 105,745 26,052 |
Total | 211,164 | 195,508 | 186,388 | 211,164 | 186,388 | 181,325 |
Statement of Assets and Liabilities
Note s:
1 In terms of c laus e 41 of the lis ting agreement, details of number of inv es tor c omplaints f or the quarter ended September 30, 2012 : Beginning - 1 , Rec eiv ed - 63, Dis pos ed of f - 64, Pending - 0.
2 During the quarter, the Company has prov ided f or Rs . 2,590 Lac s in the "Pow er Produc ts and Solutions " s egment tow ards rec eiv ables f rom a c us tomer , w ho has dis puted the pay ment on various grounds. Taking a prudent approach, the Company has adequately provided f or the amount.
3 During the y ear 2005-06, the CESTA T had upheld a demand of Rs . 188 Crores (inc luding penalties and ex c luding interes t) thereon in the pending Ex c is e matter. The auditors hav e ex pres s ed their qualif ic ation on this matter. The Company is c ontes ting this c as e and the matter is pending the
dec is ion of the Hon'ble Supreme Court.
4 The abov e res ults hav e been rev iew ed by the A udit Committee. The Board of direc tors at its meeting held on Oc tober 26, 2012 approv ed the abov e res ults .
sd/- Place: Pune Anand Agarwal Date : October 26, 2012 Chief Executive Officer
5 Prev ious period f igures hav e been regrouped / rearranged w herev er c ons idered nec es s ary .
Registered office: Sterlite Technologies Limited, Survey 68/1, Rakholi, Madhuban Dam Road, Silvassa, 396230
Union Territory of Dadra & Nagar Haveli, INDIA. www. sterlitetechnologies.com
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