Sterlite Tech slides on reporting dismal Q4 numbers
Mumbai, May 8 -- Revenue from operations declined 39.10% year on year (YoY) to Rs 1,140 crore in the quarter ended 31 April 2024.
The fiber optic cable manufacturer reported a pre-tax loss of Rs 106 crore in Q4 FY24 as compared to profit before tax of Rs 114 crore registered in the same period a year ago.
EBITDA soared to Rs 67 crore in Q4 FY24, steeply higher than as against Rs 280 crore posted in Q4 FY23. EBITDA margin reduced to 5.9% in Q4 FY24 as against 15% reported in the corresponding quarter previous year.
The company's order book stood at Rs 10,290 crore in the quarter ended 31 March 2024, across its three business units - optical networking, global services and digital.
On full year basis, the company's net loss was at Rs 57...
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