Sterlite Technologies Continues to Deliver Strong Performance; Q2FY10 EBITDA up 83%

Sterlite Technologies Limited [BSE: 532374, NSE:STRTECH], a arch all-around provider of manual solutions for the ability and telecom industries, today appear its after-effects for the division and bisected year concluded September 30, 2009.

Financial Highlights in H1FY10
- Strong Operating Profit (EBITDA) of Rs. 171.3 Crores up 88% year over year.
- Net Profits (PAT) of Rs. 100.1 Crores, adjoin Rs. 14.9 Crores in endure year.
- EPS of Rs. 14.66 up by 640% year on year.
- ROCE at 24% vs 11% in endure year
- International sales accomplished Rs. 326 Crores in H1FY10, about 36% of net revenues. Receipt of echo orders from accepted barter and the accession of new eminent all-around barter in all of the company’s focus regions.

Business Highlights in Q2FY10
- At the alpha of Q3FY10, the Company has a able adjustment book of about Rs. 1,725 Crores for its ability and telecom products.
- Achieved accomplished annual sales volumes for optical fibers and abstracts cables in Q2FY10.
- Grant of 4 added patents in India, demography the absolute up to 20 patents granted.

Progress on advancing amplification projects
Sterlite’s accepted optical cilia ability of 6 Million-Km is already beneath amplification to 12 Million-Km, which would get accustomed in the accepted fiscal. Sterlite has absitively to added enhance this accommodation to 20 Million-km, which would position Sterlite amidst the Top 3 manufacturers globally. Additionally, Sterlite has absitively to enhance the accommodation at its ability conductors ability to 160,000 Metric tons, which would position the Company as the better architect globally. Both of these amplification projects are able-bodied aural their achievement schedules.

Says Pravin Agarwal – Director, Sterlite Technologies, “Despite the actual difficult bazaar altitude faced in contempo months, our after-effects are in band with our forecasts. The trends in both the telecom and ability sectors abide to point appear acceptable advance in agreement of volumes for our amount articles - Optical Fiber and Power Conductors. Sterlite will abide to focus on advancing its cardinal objectives, the a lot of important of which are economies of calibration through accommodation enhancements, amount efficiencies and maximizing chargeless banknote flow.”