STL turns positive after 3 quarters, reports net profit of Rs 44 cr in Q2

Sterlite technologies (STL) has reported a net profit of Rs 44 crore in the July-September quarter after three consecutive quarters of losses. During the first quarter of FY23, the company posted a loss of Rs 20 crore. Consolidated revenues for the second quarter rose 17.24% year-on-year to Rs 1,768 crore while net profit was down 58.10% y-o-y to Rs 44 crore. STL reported an order book of Rs 3,200 crore, the highest in the last three and a half years.