UK-based Vedanta's Indian subsidiary Sterlite Industries has reported fourth quarter consolidated net profit of Rs 1,925 crore - quite better-than-expected of Rs 1,330 crore - a growth of 35% as compared to Rs 1,425 crore in same quarter the previous year.
Consolidated net sales shot up 40% to Rs 10,000 crore in January-March quarter 2011 as against Rs 7,150 crore in same quarter of 2010, which CNBC-TV18 was expected at Rs 8,928 crore.
Earnings before interest, depreciation, tax and amortisation (EBIDTA) went up by 44% to Rs 3,058 crore from Rs 2,120 crore on year-on-year basis.
EBIDTA margin too improved at 31% versus 30% (YoY).
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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