Sterlite Technologies Third Quarter 2024 Earnings: ₹1.23 loss per share (vs ₹1.93 profit in 3Q 2023)

Sterlite Technologies (NSE:STLTECH) Third Quarter 2024 Results

Key Financial Results

• Revenue: ₹13.2b (down 30% from 3Q 2023).
• Net loss: ₹490.0m (down by 164% from ₹770.0m profit in 3Q 2023).
• ₹1.23 loss per share (down from ₹1.93 profit in 3Q 2023).

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

Sterlite Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in Asia.

Performance of the market in India.

The company's shares are down 7.4% from a week ago.

Risk Analysis

Be aware that Sterlite Technologies is showing 4 warning signs in our investment analysis and 1 of those is a bit concerning...

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