{"id":103024,"date":"2023-05-18T10:25:54","date_gmt":"2023-05-18T04:55:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103024"},"modified":"2023-05-18T10:25:56","modified_gmt":"2023-05-18T04:55:56","slug":"sterlite-tech-q4-results-consolidated-net-profit-of-rs-65-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/sterlite-tech-q4-results-consolidated-net-profit-of-rs-65-cr\/","title":{"rendered":"Sterlite Tech Q4 Results: Consolidated net profit of Rs 65 cr \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-429354332\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Broadband technology provider Sterlite Technologies on Wednesday posted a consolidated net profit of Rs 65 crore for the fourth quarter ended March 2023.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1051107531\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company had recorded a loss of Rs 22 crore in the year-ago period.<\/p><p>The consolidated revenue from operations of Sterlite Technologies (STL) stood at Rs 1,872 crore during the reported quarter.<\/p><p>The company had posted a revenue of Rs 1,497 crore in the March 2022 quarter.<\/p><div class=\"trade-content_5\" id=\"trade-2941571263\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>For the year ended March 31, 2023, SSTL posted a profit of Rs 141 crore and a revenue of Rs 6,925 crore.<\/p><p>Due to various changes in the organisation structure on account of acquisitions and discontinuing some operations, the financial performance of the reported quarter is not comparable to other periods, the company&#8217;s auditor said in a note.<\/p><p>The company has proposed to demerge Global Services Business to STL Networks Limited &#8212; wholly-owned subsidiary STL, on a going concern basis.<\/p><p>According to the regulatory filing, the STL board has approved a proposal to raise Rs 1,000 crore.<\/p><p>The company has reduced its revenue growth outlook in the range of 20-25 per cent on a full-year basis compared to the 27 per cent it recorded in the financial year 2023.<\/p><p>STL expects the net debt of the company to be below Rs 3,200 crore.<\/p><div class=\"trade-content-10\" id=\"trade-3781439273\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2972281018\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Broadband technology provider Sterlite Technologies on Wednesday posted a consolidated net profit of Rs 65 crore for the fourth quarter ended March 2023. The company had recorded a loss of Rs 22 crore in the year-ago period. The consolidated revenue from operations of Sterlite Technologies (STL) stood at Rs 1,872 crore during the reported quarter. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":16716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-103024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sterlite Tech Q4 Results: Consolidated net profit of Rs 65 cr \u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Broadband technology provider Sterlite Technologies on Wednesday posted a consolidated net profit of Rs 65 crore for the fourth quarter ended March 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/sterlite-tech-q4-results-consolidated-net-profit-of-rs-65-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sterlite Tech Q4 Results: Consolidated net profit of Rs 65 cr \u00a0\" \/>\n<meta property=\"og:description\" content=\"Broadband technology provider Sterlite Technologies on Wednesday posted a consolidated net profit of Rs 65 crore for the fourth quarter ended March 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/sterlite-tech-q4-results-consolidated-net-profit-of-rs-65-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-18T04:55:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-18T04:55:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Sterlite-Tech-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Sterlite-Tech-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/sterlite-tech-q4-results-consolidated-net-profit-of-rs-65-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/sterlite-tech-q4-results-consolidated-net-profit-of-rs-65-cr\/\",\"name\":\"Sterlite Tech Q4 Results: Consolidated net profit of Rs 65 cr \u00a0 - 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