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Sterlite Industries (India) Limited Unaudited Consolidated Results For The Third Quarter And Nine Months Ended 31 December 2012

Stocks in this article: SLT

EBITDA for Q3 was 18% higher compared with the corresponding prior quarter mainly due to higher zinc and lead LME prices and lower CoP.

 

Copper – India / Australia Business

 
    Q3   Q2   Nine Months period
Production (in’000 tonnes, or as stated)   FY2013   FY2012  

% change YoY

  FY2013   FY2013   FY2012  

% change YoY

Copper - Mined metal content   6     6     8 %   6   19     17     11 %
Copper - Cathodes   92     84     9 %   87   267     245     9 %
                             
Financials (In Rs. crore, except as stated)                            
Revenue   5,164     5,130     1 %   5,417   15,882     15,068     5 %
EBITDA   234     426     (45 %)   342   842     1,196     (30 %)
Foreign Exchange gain/(loss)   (92 )   (122 )   25 %   161   (151 )   (234 )   35 %
PAT   147     347     (58 %)   475   718     1,033     (31 %)
Tc/Rc (US¢/lb)   12.4     15.9     (22 %)   11.3   12.0     14.3     (16 %)
Net CoP – cathode (US¢/lb)   10.8     2.4     -     7.1   7.8     (1.4 )   -  
Copper LME Price ($/MT)   7,909     7,489     6 %   7,706   7,827     8,531     (8 %)
             

Copper cathode production was 92,000 tonnes in Q3, 9% higher than the corresponding prior period. Mined metal production at Australia was at 6,000 tonnes in Q3, in-line with the corresponding prior period.

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