Name: Latest research reports of Sterlite Technologies Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: Sterlite Technologies Ltd.
Rating: 5
Author: KRChoksey

Sterlite Techno

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KRChoksey

Sterlite Tech reported good set of numbers in Q4 FY19 driven by increase in revenue contribution from service and solutions business. Revenue recorded remarkable growth of 111.56% YoY and 34% QoQ to INR 17,912 Mn driven by early execution of the navy order. EBITDA stood at INR 3,151 Mn, an increase of 7.19% QoQ and 43% YoY while margin reported at 18% which is down 800bps YoY and 400 bps QoQ. Decrease in margin was primarily driven by the increase in execution of service orders and softening of fibre prices. Order book remains robust at INR 105160 Mn, which is 2x of FY19 revenue and gives us a good revenue visibility. The order book consists of INR 55000 Mn worth of orders for Product whereas INR 50000 Mn for Services and Software. Net Profit came at INR 1652 Mn. for the...