Sterlite Industries, an arm of Vedanta Group, has reported nearly 63% (YoY) jump in the first quarter of FY12. During the period, consolidated net profit rose to Rs 1,640 crore against Rs 1,008 crore in the corresponding quarter last fiscal.
Consolidated net sales too shot up nearly 66% (YoY) to Rs 9,824 crore from Rs 5,925 crore. According to a CNBC-TV18 poll , net profit was seen at Rs 1,650 crore and net sales at Rs 9,800 crore.
EBITDA margin improved to 28% versus 25.3% year-on-year.
src-mc & rediff
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