Wednesday, 25 April 2018

Sterlite Technologies - Q4FY18E Result Expectation

Consensus expectations for Q4FY18E:

  • Consolidated Revenue – Rs876cr, up by 25%yoy, led by increase in volume and realization due to increasing contribution of value added fiber       
  • EBITDA – Rs204cr, up by 26% yoy led by higher sales and operating leverage
  • EBITDA Margin – 23.3%, flat on yoy basis
  • Net Profit – Rs90cr, up by 42% yoy
   Q3FY18 performance highlights:
  • Revenue – Rs835cr, up by 14%yoy, due to pick-up in optic fibre business
  • EBITDA – Rs202cr
  • EBITDA Margin – 24.2%
  • Net Profit (adjusted) – Rs99cr
  • Order book at quarter end stood at Rs4,573cr (up 71%yoy)

  • On meeting the expectations, the stock would react positively, as the company has bright prospects backed by strong order book and margin expansion.
  • The company may throw some light on status of smart cities bids. Commentary on order book particularly 5G orders is a key thing to watch out for.

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