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

EBITDA for Q3 was 45% lower compared with the corresponding prior quarter on account of lower sulphuric acid realisations, lower contribution from phosphoric acid operations and lower Tc/Rc, partially offset by increase in volumes. Demand for phosphoric acid and sulphuric acid remains low and we anticipate lower acid realisations in the current quarter as well.

The first 80MW unit of the 160MW captive power plant at Tuticorin was commissioned in Q3 and is currently operating at 80% PLF. The second 80MW unit is expected to be synchronized in Q1 FY2014.

Aluminium Business - BALCO
    Q3   Q2   Nine months period
Production (in’000 tonnes, or as stated)   FY2013   FY2012  

% change YoY
  FY2013   FY2013   FY2012  

% change YoY
Aluminium   62     63     -     63   185   184   1 %
Financials (In Rs. crore, except as stated)                            
Revenue   832     801     4 %   859   2,472   2,243   10 %
EBITDA   64     36     77 %   95   216   305   (29 %)
PAT   (8 )   (17 )   52 %   32   18   110   (84 %)
CoP ($/MT)   1,995     1,880     6 %   1,970   1,958   1,984   (1 %)
CoP (Rs./MT)   108,000     98,200     10 %   108,800   106,800   95,400   12 %
Aluminum LME Price ($/MT)   1,997     2,090     (4 %)   1,918   1,964   2,360   (17 %)

The Korba-II smelter operated above its rated capacity and continues to convert all of its primary metal into value added products.

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