Sterlite Tech’s Q3 profit grew 48% on-quarter to reach Rs 87 crore

NEW DELHI: Digital networks integrator Sterlite Technologies (STL) on Wednesday said its profit after tax (PAT) grew 48% on-quarter to reach Rs 87 crore for the quarter ended 31 December 2020, driven by high volumes of optical fibre and cables.

STL’s revenues for the quarter stood at Rs. 1,314 crores, up by 13% on-quarter while EBITDA grew 12% on-quarter to reach Rs 238 crore.

The company said it had an order Book of Rs 10,737 crore as of 31 December 2020.