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Sterlite Technologies Q2 FY22 PAT Spikes 85% YoY

Sterlite Technologies Ltd. (STL) [BOM: 532374, NSE: STLTECH], one of the leading integrator of digital networks and manufacturer of optical fiber cables in India announced financial results for the second quarter FY- 22.

The revenue from operations of STL increased by 41% to ₹ 1,268.48 crore during the reported quarter, from ₹ 899.38 crore of the corresponding period of last year.

Net Profit of Sterlite Technologies in Q2 FY22 has increased by a whopping 85.13 % to Rs. 90.64 Cr. as compared to Rs. 48.96 Cr. of Q2 FY21 largely due to impact that first wave of Covid lockdowns in India during 2nd quarter of last year as compared to the V-shaped demand recovery curve seen in India after the 2nd Wave of Covid during the 1st quarter of FY22.