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TheStreet Open House

Sterlite Industries (India) Limited Audited Consolidated Results For The Fourth Quarter And Year Ended 31 March 2011

Sterlite Industries (India) Limited (“SIIL” or the “Company”) today announced its audited consolidated results for the fourth quarter (“Q4”) and year ended (“FY 2011”) 31 March, 2011.


Operational Performance

  • Record Q4 Zinc production up 29% at 194,000 tonnes; and FY 2011 up 23% at 712,000 tonnes
  • Two units of the 2,400 MW IPP at Jharsuguda operational
  • Completed acquisition of Black Mountain Mines in South Africa and Lisheen mine in Ireland

Financial performance

  • Revenues at ` 30,248 crore up 23% for FY 2011
  • Attributable PAT at ` 5,043 crore up 35% for FY 2011
  • Strong balance sheet with cash and liquid investments of ` 22,617 crore

Financial Highlights


(In ` crore, except as stated)

Particulars Quarter ended

31 March

  Change   Year Ended

31 March

  2011   2010   %   2011   2010   %
Net Sales/Income from operations 10,000   7,147   39.9   30,248   24,501   23.4
Profit before interest, depreciation & taxes 3,784   2,674   41.5   10,522   7981   31.8
Interest 104   2       301   292    
Depreciation 352   225       1,030   750    
Taxes 566   468       1,811   1,233    
Profit After Taxes 2,730   1981   37.8   7,322   5,409   35.4
Minority Interest 725   554       1,995   1,724    
Share in Profit/(Loss) of Associate (80)   (1)       (285)   59    
Attributable PAT after exceptional item 1,925   1,425   35.1   5,043   3,744   34.7
Earnings per Share (EPS) (` /share)* 5.73   4.24       15.0   11.7    

*Not Annualised

Dividend :

The Board recommended a dividend of Rs 1.10 per share on increased capital following 1:1 bonus issue for the year 2010-11. The total dividend outgo for the year is ` 429.71 crore as against ` 367.49 crore during the previous year.

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