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Demerged Sterlite Tech Delivers 28% PAT Growth in FY16PUNE, India, May 26, 2016 /PRNewswire/ -- -Post Demerger, FY16 Financials Only for Pure-play Telecom Business -Robust Performance - Revenues up 33%, EBITDA up 35%, PAT up 28% (as Compared to FY15 Proforma Demerged Telecom Business) -Board Declares Dividend of Rs 1 per Share Versus Rs 0.60 per Share Last Year. Dividend Payout Ratio at 31% of PAT -Return on Capital Employed (Pre-tax) at 18% and Return on Equity (Post Tax) at 22% Sterlite Technologies Ltd [BSE: 532374, NSE:STRTECH], India's only Optical Communication Products, Services & Software Company, today announced its financial results for the year and quarter ending March 31, 2016. On May 24, 2016, Sterlite Tech had announced demerger effective from the appointed date of April 1, 2015. Post demerger, the FY16 performance is representative of only Telecom business. The FY15 reported numbers would not be to that effect comparable to FY16 reported financial numbers. Business Performance (Telecom Consolidated) - FY16 Audited Vs FY 15 Proforma FY16 FY15 Growth (Audited) (Proforma) (%) Revenue 2161 1619 33% EBIDTA 465 345 35% EBITDA % 22% 21% PAT 151 119 27% All figures in Rs crore, except growth Financial Highlights (Telecom Business Performance) - FY16 Audited Vs FY15 Proforma)
Positive quarterly and full year financial results are a testimony of the structurally solid telecom business with unique offerings across the value chain. With its end-to-end telecom offerings, Sterlite Tech is well positioned to address the large growth opportunities surfacing in India and globally for creation of next generation digital infrastructure. Citing the growth Sterlite Tech saw during the year, Pravin Agarwal, Vice Chairman, Sterlite Technologies, said, "India is at the cusp of a data revolution. We have over 20 years of expertise in enabling digital ecosystem and are fully geared to contribute towards establishing smart networks that support India's growth." Commenting on the results, Dr. Anand Agarwal, CEO, Sterlite Technologies, said, "We are happy to close the financial year with a strong operational and financial performance. Going forward, we will strenghen our focus on end-to-end telecom opportunities, while investing in building capabilities on core technologies and smart networks. We are fully committed to transforming the digital infrastructure of the country on which the next generation services and applications will be offered. We are excited by the opportunity landscape surfacing in India on network creation and global demand for optical fiber." Business and Operational Highlights
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Financial Reported Numbers (Standalone) Q4FY16 Q3FY16 Q4FY15 (Post demerger) (Post demerger) (Pre-demerger) Revenue 576 540 979 EBITDA 123 111 131 EBITDA% 21% 21% 13% PAT 52 41 39 Q4FY16 and Q4FY15 are not comparable. Update on Demerger Scheme
About Sterlite Technologies: Sterlite Technologies Limited (STL) 'Sterlite Tech' [BSE: 532374, NSE:STRTECH]) is world's leading and India's only vertically integrated Optical Communication Products, Services & Software Company. It aims to transform everyday living by delivering smarter networks. Sterlite Tech is India's only fully integrated provider of optical fiber preforms, optical fibers and cables. With expertise in designing, engineering, building and managing broadband data networks, the company has global footprint in 75 countries, including manufacturing units in India, China and Brazil. With a strong portfolio of over 100 patents, Sterlite Tech is home to India's only centre of excellence for broadband research. Projects undertaken by the company include intrusion-proof secure network for the armed forces, rural broadband for BharatNet, developing smart cities, and establishing high-speed Fiber-to-the-Home (FTTH) networks. For more details, visit http://www.sterlitetech.com Media Contact: |