Stock Analysis

Sterlite Technologies Full Year 2024 Earnings: Misses Expectations

Simply Wall St

May 10, 2024

Sterlite Technologies (NSE:STLTECH) Full Year 2024 Results

Key Financial Results

Revenue: ₹55.4b (down 20% from FY 2023).
Net loss: ₹580.0m (down by 124% from ₹2.45b profit in FY 2023).
₹1.44 loss per share (down from ₹6.15 profit in FY 2023).

earnings-and-revenue-growth — NSEI:STLTECH Earnings and Revenue Growth May 10th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sterlite Technologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in Asia.

Performance of the market in India.

The company's shares are down 17% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Sterlite Technologies (1 shouldn't be ignored!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.