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

Stocks in this article: SLT

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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