Sterlite Technologies Ltd's Q3FY25 Quarterly Results

Result Summary

• Sterlite Technologies Ltd reported a 10.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.6%.
• Its expenses for the quarter were down by 9.4% QoQ and 7.8% YoY.
• The net profit increased 71.4% QoQ and decreased 59.3% YoY.
• The earnings per share (EPS) of Sterlite Technologies Ltd declined at 0.5 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Sterlite Technologies Ltd operates in the technology sector, primarily focusing on providing products and services related to digital networks. The company is known for its expertise in designing and deploying network solutions, including optical fiber and cables, network design and management, and software solutions. Sterlite Technologies has been at the forefront of digital transformation, enabling telecom and internet service providers, cloud companies, and large enterprises to enhance their network capabilities. The company has a global presence and collaborates with leading industry players to drive innovation and growth in the digital infrastructure space. Major developments often include strategic partnerships, expansion into new markets, or advancements in technology solutions, although specific recent developments for this period are not available in the provided information.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), Sterlite Technologies Ltd reported a total income of ₹1266 crore. This represents a decrease of 10.8% compared to the previous quarter (Q2FY25) where the total income was ₹1419 crore. Additionally, there is a year-over-year decline of 5.6% compared to the same quarter in the previous fiscal year (Q3FY24) when the total income stood at ₹1341 crore. These figures indicate a reduction in revenue generation over both the quarterly and yearly periods. The decrease in total income may relate to various factors affecting the company's sales or market conditions, though specific causes are not detailed in the provided data.

Profitability

For Q3FY25, Sterlite Technologies Ltd recorded a loss before tax of ₹34 crore, which is a deterioration from the loss of ₹16 crore in the previous quarter, marking a 112.5% increase in the loss. However, this is an improvement when compared to the loss of ₹69 crore in Q3FY24, reflecting a 50.7% reduction in the year-over-year loss. The tax expense for Q3FY25 was recorded at ₹11 crore, which is significantly higher than the ₹3 crore tax in Q2FY25, indicating a 266.7% increase. The profit after tax for Q3FY25 was a negative ₹24 crore, which shows an increase in losses by 71.4% from Q2FY25 but an improvement of 59.3% from the higher loss of ₹59 crore in Q3FY24. Earnings per share (EPS) were reported at a negative ₹0.50, which is a decrease from Q2FY25’s negative ₹0.30 and an improvement from Q3FY24’s negative ₹1.40.

Operating Metrics

Total expenses for Sterlite Technologies Ltd in Q3FY25 amounted to ₹1300 crore, which reflects a decrease of 9.4% from Q2FY25 where expenses were ₹1435 crore. There is also a year-over-year reduction of 7.8% from Q3FY24 when total expenses were ₹1410 crore. This reduction in expenses could be indicative of cost management efforts or changes in operational activities, though specific details are not provided. The data reveals that despite the decrease in expenses, the company continues to operate at a loss. Key financial ratios such as P/E ratio, debt-to-equity ratio, and current ratio are not provided in the data, and thus cannot be calculated. The trends observed in the financial metrics signify adjustments in the company’s financial operations over the respective periods.