STERLITE TECHNOLOGIES LIMITED

Q1 2015-16 INVESTOR UPDATE

KEY HIGHLIGHTS

Revenues for the Q1 FY16 were at Rs 975 crores an increase of 73% as compared to the same period
last year. Telecom and Power business contributed Rs 424 crores and Rs 537 crores respectively

EBITDA for the quarter stood at Rs 119 Crores a 67% increase YoY driven by strong performance in the
Telecom business and a recovery in the Power business. The Telecom business continued its robust runrate as it contributed Rs 100 crores while the Power business contributed Rs 19 Crores.

Total order book as of 30th June was at Rs 4,205 crores with the Telecom order book at Rs 2,087
crores and Power at 2,118 crores. Nearly 83% of the order book is domestic focused reflecting the
underlying communication and power infrastructure being built out in India.

Successfully commissioned the final elements of the BDTCL transmission line which will benefit
nearly a million households in the states of Madhya Pradesh, Maharashtra and Gujarat. Sterlite Grid now
has 2 fully operational projects and 4 under various stages of construction in its portfolio. Post the end
of the quarter, we have won our 7th transmission grid project, the Maheshwaram project in
Hyderabad, a 765KV line that should generate Rs55 crores of levelised tariff

Demerger proceedings continuing and expected to close in Q4 2016 subject to approvals by the High
Court, SEBI, shareholders and creditors of STL and other relevant regulatory authorities.

PRODUCTS BUSINESS VOLUME TRENDS

OF including China JV (Million fkm)

OF (Million fkm)
OFC (Million fkm)
Conductors (MT)

Q1 FY 16
4.5
3.2
1.8
30,347

Q4 FY 15
4.9
3.6
2.3
27,396

Q1 FY 15
3.9
3.0
1.8
8,794

FY 15
17.7
13.1
7.7
77,996

Optical fiber and optical fiber cable volumes were at 4.5m fkm and 1.8m fkm down 7% and 23% as
compared to the previous quarter. The decline this quarter was primarily on account of lower offtake in
the first quarter for telcos and Government projects in the country. On a y-o-y basis, optical fiber
volumes increased by 15%, while optical fiber cable sales were flat.

Previously announced optical fiber cable capacity expansion from 8m fkm to 15m fkm continues to
progress well and we expect to complete the expansion during Q4 FY16.

Conductor volumes returned to a more normalized range and were at 30,347MT an increase of 11%
QoQ.

Sterlite Technologies Limited Q1, FY16 Investor Note (July 23, 2015)
Registered office: Survey No. 68/1, Rakholi Village, Madhuban Dam Road, Silvassa - 396 230, Union Territory of Dadra & Nagar Haveli, INDIA
Phone: +91 20 30514000, Fax: +91 20 30514113
www.sterlitetechnologies.com | CIN: L 31300DN2000PLC000340

Page 1 of 5

COMPANY PERFORMANCE (STANDALONE FINANCIALS)

Profit & Loss Statement (INR Cr)

Sales
EBITDA
EBITDA %
Depreciation
EBIT
EBIT %
Interest
PBT
Tax
Effective tax rate
PAT
PAT %

Q1 FY 16
975
119
12%
29
91
9%
62
29
8
29%
20
2%

Q4 FY 15
979
131
13%
27
104
11%
56
48
9
19%
39
4%

Q1 FY 15
564
71
13%
27
45
8%
30
15
5
37%
9
2%

FY 15
3,030
386
13%
108
278
9%
179
99
15
15%
84
3%

Revenue for Q1 FY16 was at Rs 975 crore almost similar levels as Rs 979 crore the previous quarter and
as compared to the same quarter last year they were up 73%. Overall nearly 24% of the revenues
were from export markets

EBITDA for the quarter was at Rs119 crores against Rs 131 crores in the previous quarter, which
included one off other income of Rs.14 crores in the previous quarter. On a y-o-y basis EBITDA grew by
67%. Overall EBITDA margins remain consistent.

The overall net debt for the standalone business was at Rs1,595 crores vs Rs 1,377 crore. The
increase was primarily on account of increased working capital requirements for our services business.
The interest expenses for the quarter were at Rs. 62 crores vs. Rs. 56 crores in the previous quarter due
to this increased borrowing.

Telecom Products and Solutions Segment (INR Cr)

Sales
EBITDA
EBITDA %
Depreciation
EBIT
EBIT %
Capital employed
ROCE %

Q1 FY 16
424
101
24%
19
82
19%
1,283
25%

Q4 FY 15
467
112
24%
19
93
20%
1,179
31%

Q1 FY 15
322
70
22%
19
50
16%
1,097
18%

Sterlite Technologies Limited Q1, FY16 Investor Note (July 23, 2015)
Registered office: Survey No. 68/1, Rakholi Village, Madhuban Dam Road, Silvassa - 396 230, Union Territory of Dadra & Nagar Haveli, INDIA
Phone: +91 20 30514000, Fax: +91 20 30514113
www.sterlitetechnologies.com | CIN: L 31300DN2000PLC000340

FY 15
1,487
345
23%
76
269
18%
1,179
23%
Page 2 of 5

Revenues for the quarter were at Rs 424 crores, up 32% as compared to the same quarter last year and
down 9% as compared to Q4 FY15. Telecom business included nearly Rs 60 crore of services component
from the NFS project.

The EBITDA margins remained stable at 24%

Power Products and Solutions Segment (INR Cr)

Sales
EBITDA
EBITDA %
Depreciation
EBIT
EBIT %
Capital employed
ROCE %

Q1 FY 16
537
19
3%
9
9
2%
415
9%

Q4 FY 15
495
19
4%
8
11
2%
323
14%

Q1 FY 15
229
2
1%
7
(6)
-3%
435
-5%

FY 15
1,473
41
3%
32
9
1%
323
3%

Revenues improved by 8% this quarter on the back of a 11% increase in product volumes sold. In
addition to product sales we have seen good traction on our power solutions business, completing 2 reconductoring projects .

EBITDA for the quarter remained consistent at Rs19 crore

The order book for the power business was at Rs. 2,118 crores, nearly 33% of which is for export
markets

Power Transmission Grid business

The Power transmission grid business generated Rs 88 crore of revenue as compared to Rs 73 crore
the previous quarter and EBITDA of Rs 82 crore against Rs 60 crore. The increase is on account of
progressive commissioning of elements in the BDTCL .

Sterlite Technologies equity commitment into these grid project stood at Rs 1,250 crore vs Rs 1,200
crore as we invested an additional Rs 50 crore as part of the terms and conditions under which Standard
Chartered Private Equity invested in Q1 FY15.

The remaining 4 projects in the portfolio continue to progress as per schedule and we expect to fully
commission JTCL in Q2 FY16.

Post the end of the quarter, we have won our 7th transmission grid project, the Maheshwaram project
in Hyderabad, a 765KV line that should generate Rs55 crores of levelised tariff

Sterlite Technologies Limited Q1, FY16 Investor Note (July 23, 2015)
Registered office: Survey No. 68/1, Rakholi Village, Madhuban Dam Road, Silvassa - 396 230, Union Territory of Dadra & Nagar Haveli, INDIA
Phone: +91 20 30514000, Fax: +91 20 30514113
www.sterlitetechnologies.com | CIN: L 31300DN2000PLC000340

Page 3 of 5

INVESTOR EARNINGS CALL DETAILS

The Company will be hosting an earnings update call on July 23 at 16:00 hrs IST. The conference call login details
are below.
Primary Number: +91 22 3938 1080
Secondary Number: +91 22 6746 5814
Please dial the below number at least 5 minutes prior to the conference schedule to ensure that you are
connected in time
Webcast Link: http://services.choruscall.eu/links/sterlitetech150723.html
INVESTOR RELATIONS CONTACT
Vishal Aggarwal
Sterlite Technologies Limited
Phone: +91.20.30514000
vishal.aggarwal@sterlite.com
ABOUT STERLITE TECHNOLOGIES

Sterlite Technologies Limited (STL) develops & delivers solutions for high speed data communication
and power transmission networks, globally. STL is among the global leaders in all its business areas
through its operations in India, China & Brazil. STL is developing several network projects across India
including secure communication network creation in Jammu & Kashmir for Indian army, enabling
Bharatnet, establishing urban high speed fiber to the home (FTTH) networks and multiple interstate
ultra mega power transmission projects. Listed on Stock Exchanges BSE & NSE in Mumbai, India,
Sterlite Technologies is a public company with broad shareholder base. The company has recently
announced a demerge of its power products and transmission business into a new company. Sterlite
Technologies to remain a pureplay telecom focused company.

Sterlite Technologies Limited Q1, FY16 Investor Note (July 23, 2015)
Registered office: Survey No. 68/1, Rakholi Village, Madhuban Dam Road, Silvassa - 396 230, Union Territory of Dadra & Nagar Haveli, INDIA
Phone: +91 20 30514000, Fax: +91 20 30514113
www.sterlitetechnologies.com | CIN: L 31300DN2000PLC000340

Page 4 of 5

COMPANY PERFORMANCE (CONSOLIDATED FINANCIALS)

Profit &Loss Statement and Segmental breakdown (Rs. in Lacs)
Consolidated numbers for Q1 2015-16 have not been reviewed or audited by statutory auditors.

Particulars

Standalone
Consolidated
Quarter ended
June 15
June 15
(Unaudited)

Incom e from Operations

a) Net Revenue
b) Other Operating Income
Total Incom e from operations (Net)
Total Expenditure
a) Cost of materials consumed
b) Purchase of stock-in-trade
c) (Inc) / Dec in finished goods, stock-in-trade & WIP
d) Staff Cost
e) Depreciation & Impairment
f) Other Expenditure
Operating profit before other income, interest and tax
Other Income
Profit before interest and tax
Interest Cost
Profit / (loss) before tax
Tax Expenses
Net Profit after tax
Adjustment for Minority Interest
Net Profit / (loss) after Tax & Minority Interest

Segm ent Reporting

Segm ent Revenue

Telecom Product and Solutions
Pow er Product and Solutions
Pow er Transmission Grid
Inter-segment elimination
Total
Profit before interest,depreciation and tax
Telecom Product and Solutions
Pow er Product and Solutions
Pow er Transmission Grid
Unallocable
Total
Profit before Interest and Tax
Telecom Product and Solutions
Pow er Product and Solutions
Pow er Transmission Grid
Unallocable
Total
Net Interest Cost
Profit / (loss) before tax
Capital Em ployed (Segm ent Assets- Segm ent Liabilities)
Telecom Product and Solutions
Pow er Product and Solutions
Pow er Transmission Grid
Unallocable
Total

96,092
1,408
97,500
88,856
66,696
811
(2,281)
3,801
2,876
16,952
8,644
415
9,059
6,197
2,862
834
2,028
2,028

(Unaudited /
Unreview ed)
97,072
1,408
98,480
85,752
57,856
811
(2,049)
4,572
6,471
18,091
12,728
614
13,342
13,873
(531)
596
(1,127)
7
(1,134)

Standalone
Consolidated
Quarter ended
June 15
June 15
(Unaudited /
(Unaudited)
Unreview ed)
42,400
53,692

96,092
10,084
1,851

11,935
8,156
903

9,059
6,197
2,862
128,259
41,457
136,526
306,242

Standalone
Consolidated
Year ended
Mar 15
Mar 15
(Audited)

296,023
6,987
303,010
279,661
194,464
4,292
(3,469)
15,095
10,774
58,505
23,349
4,481
27,830
17,928
9,902
1,478
8,424
8,424

302,709
6,997
309,706
282,139
181,176
4,292
(3,097)
17,594
18,498
63,676
27,567
5,134
32,701
32,690
11
369
(358)
(94)
(264)

Standalone
Consolidated
Year ended
Mar 15
Mar 15
(Audited)

45,343
53,692
8,754
(10,717)
97,072

148,726
147,297

10,216
1,404
8,198
(5)
19,813

34,518
4,086

7,730
457
5,167
(12)
13,342
13,873
(531)

26,906
924

138,628
42,574
519,039
23,505
723,746

(Audited)

296,023

38,604

27,830
17,928
9,902
117,939
32,272
143,328
293,539

(Audited)

157,643
147,297
15,387
(17,618)
302,709
34,515
3,519
13,195
(30)
51,199
24,898
380
7,478
(55)
32,701
32,690
11
129,668
34,238
491,171
28,454
683,531

Sterlite Technologies Limited Q1, FY16 Investor Note (July 23, 2015)
Registered office: Survey No. 68/1, Rakholi Village, Madhuban Dam Road, Silvassa - 396 230, Union Territory of Dadra & Nagar Haveli, INDIA
Phone: +91 20 30514000, Fax: +91 20 30514113
www.sterlitetechnologies.com | CIN: L 31300DN2000PLC000340

Page 5 of 5

Sterlite Technologies leads creation of

digital and power infrastructure in the
country

Playing an integral role in Govt. of Indias Digital India initiative with products,
network installation and managed services capabilities

Continues focus on research & development; 10% of telecom business revenues

from new & innovative products

Overall revenue growth of 73% and EBITDA growth of 67% on a YoY basis

NEWS RELEASE
FOR IMMEDIATE PUBLICATION
Pune, India July 23, 2015: Sterlite Technologies Limited Sterlite [BSE: 532374, NSE:STRTECH], a leading
global provider of solutions for the high-speed data transmission and power transmission networks, today
announced its results for the quarter ended June 30, 2015
Industry & Business Highlights
Sterlite Technologies is integrated with Government of Indias Digital India vision of enabling digital
infrastructure as a utility to every citizen. Sterlite today has become a preferred partner to deliver high
speed data based end to end networks with a comprehensive suite of products, network design,
installation and managed services.

Sterlite is building an intrusion proof communication network for the Indian Army in Jammu & Kashmir
under the NFS Project and is deploying highly specialized optical fiber and cable for this network
creation. The NFS installation has witness an increased pace of deployment over the last quarter. Sterlite
has also pioneered last mile connectivity in dense urban centers by connecting more than 160,000
homes in 6 cities with FTTH network capable of handling upto 100 Mbps of speed.

Optical fiber remains as the most viable medium for high speed data communication and even wireless
access will need to have fiber based backhaul networks. While countries like China have installed about
900 Million Kms, US with around 500 million Kms of fiber to enable the data transmission, India today
has only 80 Million Kms. We expect that there will be a large demand of optical fiber over the next
decade in Indias effort towards matching global standards of communication. Keeping these trends in
mind, over the last few years, we have invested in plant capacities. The fiber capacity has been
increased to 20 million km per annum from 12 million. The optical fiber cables capacity is being
doubled to 15 million km per annum with an investment of Rs. 150 Crores in the current fiscal. We
expect to complete this capacity expansion by Q4 of this financial year

The optical fiber and cable infrastructure within the country is growing to keep pace with the demand
while challenges, among them, robust installation continues to be problem areas for service providers.
Sterlite has been focusing on the telecommunications needs of the country and has been investing
in further building research capabilities in products, design & engineering at the state of the art
Center of Excellence. The newly developed "Yogaflex" micromodule cable family and "OH-LITE
NOVA" optical fiber offer superior mechanical flexibility, ease of installation and resistance to extreme
situations of turns, bends and stresses during installation. These innovative designs will play an
important role in the long-distance, metropolitan as well as the upcoming Fiber to the Home markets in
concurrence with the needs of the country

Power industry witnessing revival with increased focus on national projects such as 24x7 Power for All
and thrust on renewable power generation will need T&D capacity to increase manifold. Sterlite Power
business has built unique capabilities that are built on a combination of high specification products
and strong engineering and project management capabilities

Power business has successfully executed two challenging re-conductoring projects in urban areas, in
a very compressed time frame and across congested residential colonies. The business continues to
witness very good demand for such integrated offerings from utility providers.

Financial Highlights for the quarter ended June 30, 2015

Revenues for Q1 FY16 were Rs 975 crore, higher by 73% compared to Revenues of Rs 564 crore in the
same quarter last year nearly 25% of the revenues were from export markets

EBITDA grew by 67% from Rs. 71 crore in Q1FY15 to Rs. 119 crore in the current quarter.

PAT was higher by 122% from Rs. 9 crore in Q1 last year to Rs. 20 crore in Q1FY16

The total order book as of 30th June was at Rs 4,205 crores with the Telecom order book at Rs 2,087
crores and Power at 2,118 crores. Nearly 80% of the order book is domestic focused reflecting the
underlying growth on account of the communication and power infrastructure being built out in India.

In May, 2015 the Company announced that it would demerge its power businesses into a separate
undertaking. The Demerger proceedings are underway and expected to close in Q4 2016 subject to
approvals by the High Court, SEBI, shareholders and creditors of STL and other relevant regulatory
authorities.

Telecom Segment Highlights:

Revenues from the Telecom products and solutions business for the quarter were Rs. 424 Crores with
EBITDA of Rs 101 Crores.

Optical Fibre (OF) Volumes were 4.5 million fiber Kilometers while volumes of Optical Fibre Cables (OFC)
were 1.8 million fiber Kilometers with the fibre-to-cabling mix at 40% during the quarter.

Power Segment Highlights:

Revenues from the Power products & solutions business revenue were Rs. 537 Crores for Q1 FY16, with
EBITDA of Rs. 18 Crores.

Volumes for the conductors for the quarter were 30,347MT compared to 8,794 MT for Q1 FY15.

Revenues for the power transmission business were Rs.88 Cr for Q1 FY16, with EBITDA of 82 Cr. The
increase is on account of progressive commissioning of elements in the BDTCL and JTCL projects.

Post the end of the quarter, the Company has been awarded the Maheshwaram project in Telangana, a
765KV line that is expected to generate Rs55 crores of levelised tariff.

Commenting on the results, Pravin Agarwal, Vice Chairman, Sterlite Technologies Ltd., said, We had a strong
quarter of topline and bottom line growth across our telecom and power verticals during a transformational
time in our business. The telecom business continues to witness strong traction on the back of scaling up of
connectivity infrastructure both domestically and overseas. The quality of growth is heartening given the profile
of customers who appreciate the integrated business model as well as the evolving and pioneering product
portfolio. We are confident of scaling greater heights as the data opportunity unfolds further across the country
and the region. And through it all, we shall continue to remain focused on building sustainable value for all
stakeholders.
STANDALONE FINANCIALS

Net Revenues (INR Cr)

Q1 FY 16
975

Q4 FY 15
979

Q1 FY 15
564

FY 15
3,030

Net Revenues (Mn USD)

152

153

88

473

EBITDA (INR Cr)

119

131

71

386

EBITDA (Mn USD)

19

20

11

60

Net Income (INR Cr)

20

39

84

Net Income (Mn USD)

13

INR to USD at 64

ABOUT STERLITE TECHNOLOGIES

Sterlite Technologies Limited (STL) develops & delivers solutions for high speed data communication and power
transmission networks, globally. STL is among the global leaders in all its business areas through its operations in
India, China & Brazil. STL is developing several network projects across India including secure communication
network creation in Jammu & Kashmir for Indian army, enabling Bharatnet, establishing urban high speed fiber
to the home (FTTH) networks and multiple interstate ultra mega power transmission projects. Listed on Stock
Exchanges BSE & NSE in Mumbai, India, Sterlite Technologies is a public company with broad shareholder base.
The company has recently announced a demerge of its power products and transmission business into a new
company. Sterlite Technologies to remain a pureplay telecom focused company.

CONTACT
Corporate Communications
Manish Ingole
Sterlite Technologies Limited
Phone: +91.20.30514000
Email: manish.ingole@sterlite.com /
communications@sterlite.com

Investor Relations
Vishal Aggarwal
Sterlite Technologies Limited
Phone: +91.20.30514000
Email: vishal.aggarwal@sterlite.com /
investor.relations@sterlite.com

Forward-looking and cautionary statements: Certain words and statements in this release concerning Sterlite Technologies Limited and its prospects, and
other statements relating to Sterlite Technologies expected financial position, business strategy, the future development of Sterlite Technologies
operations and the general economy in India, are forward looking statements. Such statements involve known and unknown risks, uncertainties and other
factors, which may cause actual results, performance or achievements of Sterlite Technologies Limited, or industry results, to differ materially from those
expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Sterlite
Technologies present and future business strategies and the environment in which Sterlite Technologies Limited will operate in the future. The important
factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others,
changes in government policies or regulations of India and, in particular, changes relating to the administration of Sterlite Technologies industry, and
changes in general economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to
differ materially from such forward-looking statements, many of which are not in Sterlite Technologies control, include, but are not limited to, those risk
factors discussed in Sterlite Technologies various filings with the National Stock Exchange, India and the Bombay Stock Exchange, India. These filings are
available at www.nseindia.com and www.bseindia.com.

Registered office:
Survey No. 68/1, Rakholi Village, Madhuban Dam Road, Silvassa - 396 230
Union Territory of Dadra & Nagar Haveli, INDIA
Phone: +91 20 30514000, Fax: +91.20.30514113
CIN: L 31300DN2000PLC000340
www.sterlitetechnologies.com

STERLITE TECHNOLOGIES LIMITED

STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2015
(Rs. in Lacs except per share data)
Quarter ended
Particulars

Income from Operations

a) Net Revenue
b) Other Operating Income
Total Income from operations (Net)
Total Expenditure
a) Cost of materials consumed
b) Purchase of stock-in-trade
c) (Inc) / Dec in finished goods, stock-in-trade & WIP
d) Staff Cost
e) Depreciation & Impairment
f) Other Expenditure
Operating profit before other income, interest and tax
Other Income
Profit before interest and tax
Net Interest Cost
Profit before tax
Tax Expense
Net Profit after tax
Paid-up Equity Capital (Face value Rs.2 per share)
Reserves excluding revaluation reserves
Earning Per Share (Rs.)- Basic
Earning Per Share (Rs.)- Diluted
Aggregate of Public Share Holding
Number of Shares
Percentage of Shareholding
Promoters and promoter group Shareholding
Pledged/Encumbered
Number of Shares
Percentage of Shares (as a % of the total
shareholding of promoter and promoter group)
Percentage of Shares (as a % of the total
share capital of the company)
Non-encumbered
Number of Shares
Percentage of Shares (as a % of the total
shareholding of promoter and promoter group)
Percentage of Shares (as a % of the total
share capital of the company)

June 15
(Unaudited)

March 15
(Audited)
Refer Note 7

Year ended
June 14
(Unaudited)

March 15
(Audited)

96,092
1,408
97,500
88,856
66,696
811
(2,281)
3,801
2,876
16,952
8,644
415
9,059
6,197
2,862
834
2,028

96,230
1,680
97,910
89,206
65,048
388
(581)
4,653
2,699
16,999
8,704
1,678
10,382
5,556
4,826
913
3,913

55,068
1,372
56,440
52,253
36,039
1,419
(3,136)
2,942
2,667
12,322
4,187
274
4,461
2,966
1,495
546
949

296,023
6,987
303,010
279,661
194,464
4,292
(3,469)
15,095
10,774
58,505
23,349
4,481
27,830
17,928
9,902
1,478
8,424

7,881

7,881

7,876

0.51
0.50

0.99
0.98

0.24
0.24

7,881
116,384
2.14
2.12

177,938,400
45.16%

178,031,900
45.18%

178,373,680
45.29%

178,031,900
45.18%

216,120,601
100%

216,027,101
100%

215,450,601
100%

216,027,101
100%

54.84%

54.82%

54.71%

54.82%

Quarter ended

Segment Revenue
Telecom Product and Solutions
Power Product and Solutions
Total
Profit before interest,depreciation and tax
Telecom Product and Solutions
Power Product and Solutions
Total
Profit before Interest and Tax
Telecom Product and Solutions
Power Product and Solutions
Total
Net Interest Cost
Profit before Tax
Capital Employed (Segment Assets- Segment Liabilities)

Telecom Product and Solutions

Power Product and Solutions
Unallocable
Total

2. The above results have been reviewed by the Audit Committee. The Board of
directors at its meeting held on July 23, 2015 approved the above results.
3. The Company is in the process of applying the provisions of para 4(a) under the
heading Notes after Part C in Schedule II of the Companies Act, 2013 and the effect
of the same would be taken in subsequent quarter. Management expects that this
would not have a material impact on depreciation of the current quarter.
4. The Board of directors of the Company on May 18, 2015 had approved the
Scheme of Arrangement under Sections 391 394 of the Companies Act, 1956
(the Scheme) between Sterlite Technologies Limited (STL or Demerged
company), Sterlite Power Transmission Limited (SPTL or Resulting company)
and their respective shareholders and creditors for the demerger of power products
and solutions business (including the investments of STL in power transmission
infrastructure subsidiaries) into its subsidiary SPTL with the appointed date of April
1, 2015 subject to the approval of shareholders and creditors, approvals of the
relevant regulatory authorities and the sanction of the Hble Bombay High Court.
The Scheme inter alia provides for issue of equity shares or redeemable preference
shares of SPTL to the shareholders of STL.The Scheme would become effective
upon receipt of all requisite approvals and filing of the certified copies of the Court
order with the Registrar of Companies. Pending the requisite approvals/filings, no
effect of adjustments (including tax adjustments) arising out of the proposed
demerger has been considered in the above results.
5. Pursuant to proposed demerger as mentioned in note 4 above and in accordance
with Accounting Standard 24, "Discontinuing Operations", the financial results
of the Power Product & Solutions Business (Discontinuing Operations) from
Standalone result perspective is as under :
Quarter ended

Particulars
-

(Rs. in Lacs)
Segment Reporting

Notes
1. In terms of clause 41 of the listing agreement, details of number of investor
complaints for thequarter ended June 30, 2015 : Beginning - 0 , Received - 43,
Disposed off - 43, Pending - 0.

June 15
(Unaudited)

March 15
(Audited)
Refer Note 7

Year ended
June 14
(Unaudited)

March 15
(Audited)

42,400
53,692
96,092

46,712
49,518
96,230

32,160
22,908
55,068

148,726
147,297
296,023

10,084
1,851
11,935

11,167
1,914
13,081

6,954
174
7,128

34,518
4,086
38,604

8,156
903
9,059
6,197
2,862

9,288
1,094
10,382
5,556
4,826

5,034
(573)
4,461
2,966
1,495

26,906
924
27,830
17,928
9,902

128,259
41,457
136,526
306,242

117,939
32,272
143,328
293,539

109,712
43,536
119,527
272,775

Registered office: Sterlite Technologies Limited, Survey 68/1, Rakholi, Madhuban Dam Road, Silvassa, 396230
Union Territory of Dadra & Nagar Haveli, INDIA. www. sterlitetechnologies.com

Net revenue
Other Operating
Income
Income from
operations (net)
Other Income
Expenses (excluding
interest cost)
Profit before interest
and tax

Year ended

June 15
53,692

March 15
49,518

June 14
22,908

March 15
147,297

505

802

452

2,702

54,197
189

50,320
442

23,360
261

149,999
788

53,483

49,668

24,194

149,863

903

1,094

(573)

924

6. During the year 2005-06, the CESTAT had upheld a demand of Rs. 188 Crores
(including penalties thereon and excluding interest) in the pending Excise matter.
The auditors have expressed their qualification on this matter.The Company is
contesting this case and the matter is pending the decision of the Hon'ble
Supreme Court.
7. The figures for the quarter ended March 31, 2015 are balancing figures between
audited figures in respect of the full financial year ended March 31, 2015 and the
unaudited published year-to-date figures up to December 31, 2014, being the date
of the end of the third quarter of the financial year 2014-15, which was subjected to
limited review.
8. Previous period figures have been regrouped / rearranged wherever considered
necessary.

117,939
32,272
143,328
293,539
Place: Pune
Date : July 23, 2015

For Sterlite Technologies Limited

sd/
Anand Agarwal
Chief Executive Officer