Sterlite Technologies announced that the 25th Annual General Meeting (AGM) of the company will be held on 29 July 2024.Powered by Capital Market - Live News

Sterlite Technologies announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 10 July 2024 .Powered by Capital Market - Live News

Sterlite Technologies has allotted 36,261 equity shares under ESOP on 14 May 2024. With this allotment, the paid up equity share capital of the company has increased to 487,608,871 equity shares. Powered by Capital Market - Live News

Sterlite Technologies announced a strategic partnership with du, from Emirates Integrated Telecommunications Company (EITC), one of the top telecom companies in the UAE. This partnership for advanced optical fibre cables demonstrates du`s commitment to the fast expansion of fibre-dense mobile and FTTH networks across the UAE, to deliver an exceptional customer experience, which has been a hallmark of the company.This announcement by STL comes on the heels of STL signing a new 5-year contract for its optical fibre cables with Du Telecom. As a part of this contract, STL, a Zero Waste to Landfill manufacturer, will provide its advanced optical cable designs with bend-resistant fibre to deliver better network performance, especially in FTTH networks. With an impeccable record on quality, STL`s products have enabled du to deploy networks faster and with reduced CapEx and OpEx.Powered by Capital Market - Live News

Net loss of Sterlite Technologies reported to Rs 82.00 crore in the quarter ended March 2024 as against net profit of Rs 65.00 crore during the previous quarter ended March 2023. Sales declined 39.10% to Rs 1140.00 crore in the quarter ended March 2024 as against Rs 1872.00 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 51.00 crore in the year ended March 2024 as against net profit of Rs 141.00 crore during the previous year ended March 2023. Sales declined 20.90% to Rs 5478.00 crore in the year ended March 2024 as against Rs 6925.00 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1140.001872.00 -39 5478.006925.00 -21 OPM %4.6513.68 -10.4112.85 - PBDT-21.00192.00 PL 262.00624.00 -58 PBT-106.00114.00 PL -73.00315.00 PL NP-82.0065.00 PL -51.00141.00 PL Powered by Capital Market - Live News