Tuesday, October 26, 2010

Sterlite Inds Q2 cons net profit up 5.13% at Rs 1008 cr

Sterlite Industries, a subsidiary of Vedanta Resources, has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 1,008 crore as against Rs 958.8 crore, a growth of just 5.13% on year-on-year basis (YoY).

Consolidated net sales declined 0.93% to Rs 6,029 crore from Rs 6,085.5 crore (YoY).

Numbers were in-line with estimates; CNBC-TV18 expected net profit at Rs 987 crore and net sales at Rs 6,086.9 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

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