STERLITE TECHNOLOGIES LIMITED

STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2015
(Rs. in Lacs except per share data)
Quarter ended
Particular

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 expenses
Net Profit after Tax
Paid-up Equity Capital (Face value Rs.2 per share)
Paid-up Debt Capital (Refer note 7)
Reserves excluding revaluation reserves
Debenture redemption reserve
Earning Per Share (Rs.)- Basic
Earning Per Share (Rs.)- Diluted
Debt Equity Ratio (Refer note 7)
Debt Service Coverage Ratio (Refer note 7)
Interest Service Coverage Ratio (Refer note 7)
Aggregate of Public Share Holding
Number of Shares
Percentage of Shareholding
Promotors 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)

Year ended

Jun 15

Sep 14

Sep 15

Sep 14

Mar 15

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

104,054
1,561
105,615
95,432
71,469
447
(3,458)
4,848
3,086
19,040
10,183
366
10,549
6,605
3,944
1,005
2,939

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

57,402
1,805
59,207
56,081
34,464
1,338
117
3,944
2,745
13,473
3,126
2,277
5,403
4,242
1,161
(95)
1,256

200,146
2,969
203,115
184,288
138,165
1,258
(5,739)
8,649
5,962
35,993
18,827
781
19,608
12,802
6,806
1,839
4,967

112,470
3,177
115,647
108,334

7,892

7,881

7,879

7,892
198,109

7,879
169,649

0.74
0.73

0.51
0.50

0.32
0.32

1.26
1.23
1.54
0.87
1.53

0.56
0.56
1.41
0.86
1.28

178,461,798
45.23%

177,938,400
45.16%

178,522,376
45.31%

178,461,798
45.23%

70,503
2,757
(3,019)
6,886
5,412
25,795
7,313
2,551
9,864
7,208
2,656
451
2,205

178,522,376
45.31%

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
169,274
116,384
11,250
2.14
2.12
1.36
0.92
1.49

178,031,900
45.18%

216,145,601
100%

216,120,601
100%

215,450,101
100%

216,145,601
100%

215,450,101
100%

216,027,101
100%

54.77%

54.84%

54.69%

54.77%

54.69%

54.82%

(Rs. in Lacs)
Segment Reporting

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

Half Year ended

Sep 15

Quarter ended

Half Year ended

Year ended

Sep 15
(Unaudited)

Jun 15
(Unaudited)

Sep 14
(Unaudited)

Sep 15
(Unaudited)

Sep 14
(Unaudited)

47,846
56,208
104,054

42,400
53,692
96,092

28,669
28,733
57,402

90,246
109,900
200,146

60,829
51,641
112,470

148,726
147,297
296,023

11,170
2,465
13,635

10,084
1,851
11,935

7,584
564
8,148

21,254
4,316
25,570

14,538
738
15,276

34,518
4,086
38,604

9,016
1,533
10,549
6,605
3,944

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

5,740
(337)
5,403
4,242
1,161

17,172
2,436
19,608
12,802
6,806

10,774
(910)
9,864
7,208
2,656

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

153,871
47,122
126,093
327,086

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

106,343
49,658
134,374
290,375

Registered office: Sterlite Technologies Limited, E 1, MIDC Industrial Area, Waluj,Aurangabad, Maharashtra,India 431 136
www. sterlitetechnologies.com

153,871
47,122
126,093
327,086

106,343
49,658
134,374
290,375

Mar 15
(Audited)

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

STERLITE TECHNOLOGIES LIMITED

STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2015
(Rs. in Lacs)
Statement of Assets and Liabilities
Particulars

30-Sep-15
(Unaudited)

31-Mar-15
(Audited)

EQUITY AND LIABILITIES :

1. Shareholders Funds
(a) Share Capital
(b) Reserves and Surplus
Sub Total - Shareholders' funds
2. Non-Current Liabilities
(a) Long Term Borrowings
(b) Deferred Tax Liability (Net)
(c) Other Long Term Liabilities (Including Trade Payables)
(d) Long Term Provisions
Sub Total - Non Current Liabilities
3. Current Liabilities
(a) Short Term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short Term Provisions
Sub Total - Current Liabilities
TOTAL - EQUITY AND LIABILITIES
ASSETS :
1. Non Current Assets
(a) Fixed Assets
(c) Non Current Investments
(d) Long Term Loans & Advances
(e) Other Non Current Assets (Including Trade Receivables)
Sub Total - Non Current Assets
2. Current Assets
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash and Bank Balances
(e) Short Term Loans & Advances
(f) Other Current Assets

7,892
121,087
128,979

7,881
116,384
124,265

86,488
5,772
6,781
1,257
100,298

98,874
4,958
2,248
916
106,996

94,824
78,987
58,603
1,895
234,309
463,586

56,373
88,416
42,004
4,677
191,470
422,731

102,366
156,274
14,803
2,797
276,240

94,724
131,825
11,682
1,069
239,300

49,213
103,217
5,498
28,961
457
187,346
463,586

5,500
39,801
89,872
26,033
21,694
531
183,431
422,731

Sub Total - Current Assets

TOTAL - ASSETS
Notes:
1. In terms of clause 41 of the listing agreement, details of number of investor complaints for the quarter ended September 30, 2015 : Beginning - 0 , Received - 51,
Disposed off - 51, Pending - 0.
2. The above results have been reviewed by the Audit Committee. The Board of directors at its meeting held on October 26, 2015 approved the above results.

3. During the quarter ended Sep 30, 2015, the Company acquired 100% of the paid up equity share capital of Elitecore Technologies Private Limited, a global telecom
software product company, which is proposed to be merged into Sterlite Technologies Limited.
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
Net revenue
Other Operating Income
Income from operations (net)
Other Income
Expenses (excluding interest cost)
Profit before interest and tax

Sep 15
56,208
720
56,928
158
55,553
1,533

Jun 15
53,692
505
54,197
189
53,483
903

Half Year ended

Sep 14
28,733
645
29,378
75
29,790
(337)

Sep 15
109,900
1,225
111,125
347
109,036
2,436

Sep 14
51,641
1,150
52,791
264
53,966
(910)

Year ended
Mar 15
147,297
2,702
149,999
788
149,863
924

6. During the quarter ended Sep 30, 2015, as permitted by MCA Notification dated August 29, 2014, the Company has applied the provisions of para 4(a) under the heading
Notes after Part C in Schedule II of the Companies Act, 2013 relating to identification of components of fixed assets w.e.f April 1,2015. As a result, the depreciation charge
for the quarter and half year ended September 30, 2015 is higher by Rs. 118 lakhs. Further, an amount of Rs.1,238 lakhs (net of tax of Rs. 655 lakhs) pertaining to
components of fixed assets for which the remaining useful lives were nil as at April 1, 2015 has been adjusted to General Reserve.
7. Formulae for computation of ratios are as follows:
Debt Service Coverage Ratio = Earnings before Gross Interest and Tax/ (Gross Interest Expense + Principal Term Loan Repayment)
Interest Service Coverage Ratio = Earnings before Gross Interest and Tax / Gross Interest Expense
For paid up debt capital and debt equity ratio computation, debt includes long-term borrowings + short term borrowings + current matuirties of long-term borrowings.

8. During the year 2005-06, the CESTAT had upheld a demand of Rs. 188 Crores (including penalties and excluding interest) thereon 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.
9. Previous period figures have been regrouped / rearranged wherever considered necessary.

Place : Pune
Date : October 26, 2015
Registered office: Sterlite Technologies Limited, E 1, MIDC Industrial Area, Waluj,Aurangabad, Maharashtra,India 431 136
www. sterlitetechnologies.com

For Sterlite Technologies Limited

sd/
Anand Agarwal
Chief Executive Officer

Sterlite Technologies records strong 67%

EBITDA growth in H1 FY16
Continues to play an integral role in driving broadband
and transmission growth in India

Highlights:

Company presents strong set of financial performance numbers for the quarter and
half year ending 30th September 2015

Company completes acquisition of Elitecore Technologies, adding distinctive capabilities in the

telecom software solutions space

Companys receives long term credit rating of AA (pronounced AA minus) & short term
rating A1+ (pronounced A1 plus) by ICRA

Demerger plan as announced in May 2015 remains on track and is expected to be completed by
March 2016

NEWS RELEASE
FOR IMMEDIATE PUBLICATION
Pune, India October 26, 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 and half year ended September 30, 2015
Relevant business highlights
Driven by Digital India focus towards broadband becoming a utility in India and Indian telecom
networks requiring significant investments in order to migrate to high-speed data networks, the
opportunity landscape today in the country is unprecedented. Sterlite has been investing in creating a
world class company with a unique set of capabilities to capitalize on this opportunity. The recent
acquisition of Elitecore Technologies serves as one step in this direction

Sterlite continues to focus on addressing customers network problems in a consultative and

collaborative way. NOVA Fiber a recent and innovative solution was developed in close collaboration
with one of Indias leading telecom operator to address the pressing problem of increased signal loss
due to poor network conditions. In another project, a customized optical fiber cable solution has been
developed for the Gurgaon Rapid Metro Project that solves complex installation problems in Metro

signaling systems. In the international market, Sterlite has increased its optical fiber product footprint in
Europe by helping a leading global operator expand its network across 50 Towns and over 500,000
buildings in Ireland

Within the telecom services segment, the focus in on bringing in best in class network engineering and
project execution capabilities as we roll out the NFS project in one of the most challenging terrains in
the country. The project is on schedule and we expect to deliver to the Government a state-of-the-art
intrusion proof network in 2016

The power business is returning back to normalized working levels and we are seeing a good response
from utilities to engage with us to develop newer and more cost effective power transmission
infrastructure utilizing products such as OPGW and power cables

Sterlite Grid business continues to invest in technology and processes to improve the power
transmission infrastructure in the country. We have recently joined hands with Burns & McDonnell to
introduce world class engineering and construction methodologies in power transmission projects

Financial Highlights for the Company (Standalone) for the quarter and half year ended September 30,
2015
Revenues for the Q2 FY16 were at Rs 1056 crore, up 8% on the previous quarter and 78% when
compared Q2 FY15. Overall revenues for H1 2016 were at Rs 2031 crore, higher by 76% as compared to
H1 2015

EBITDA for the quarter was at Rs 136 crore, up 14% on the previous quarter and 67% as compared to
Q2 FY15. On a half yearly basis the EBITDA was at Rs 256 crore, up 67% as compared to H1 2015

Well diversified revenue base across telecom and power business with overall 25% of revenues coming
from exports

Profit after taxes (PAT) also shown very robust growth PAT for Q2 2016 at Rs 29 crore, up 45% on the
previous quarter and 134% when compared to Q2 2015. PAT for the half year was at Rs 50 crore up
125% as compared to H1 2015

In May 2015 the Company announced that it would demerge its power businesses into a separate
undertaking. The demerger proceedings are progressing as per schedule and expected to close in March
2016 subject to routine regulatory approvals from the High Court, creditors and shareholders

Financial Highlights for the Telecom business (Standalone) for the quarter and half year ended September
30, 2015
Revenues from the Telecom products and solutions business for the quarter were Rs. 478 crore, up 13%
on the previous quarter. For the half year the revenues were at Rs 902 crore a 48% increase as compared
to H1 2015

EBITDA for the quarter was at of Rs 112 crore, a growth of 11% on a quarterly basis and 47% as
compared to Q2 FY15. H1 2016 EBITDA was at Rs 213 crore, a 46% increase as compared to H1 2015

Optical Fiber (OF) Volumes were 4.7 million fiber Kilometers while volumes of Optical Fiber Cables (OFC)
were 2 million fiber Kilometers with the fiber-to-cabling mix at 43% during the quarter in line with the
previous quarter

Financial Highlights for the Power business (Standalone) for the quarter and half year ended September
30, 2015
Revenues from the Power products and solutions business for the quarter were Rs. 562 crore, a marginal
increase of 5% over the previous quarter and nearly double of Q2 FY15. For the half year, the revenues
were at Rs 1099 crore, up 113% due to one off conditions in the previous year

EBITDA for the quarter was at Rs 25 crore, a growth 33% as compared to the previous quarter, EBITDA
for the half year was at Rs 43 crore reflecting a return to more normalized performance for the business

Power conductor volumes for the quarter were 30,176MT in line with the previous quarter

Revenues for the power transmission business were Rs.109 crore for Q2 FY16, with EBITDA of Rs 100
crore. Of the seven projects in the portfolio 3 of the projects are now fully operational and have been
generating revenues as per the agreed tariffs. The additional 4 projects are expected to be
commissioned as per our original schedule

Commenting on the results, Pravin Agarwal, Vice Chairman, Sterlite Technologies Ltd., said, We had an
excellent quarter amidst a not so encouraging macro backdrop. We continue to be positive and optimistic on the
developments within the company as well as in the markets we operate. Globally data consumption continues to
grow as per our expectations and as the next generation of networks is created, we are investing in building an
organization with strong capabilities built on world class manufacturing capabilities. The combination of
capacities and capabilities should help to deliver our longer term vision of being the partner of choice of telecom
operators as well as power utilities globally.
Standalone Financials
Net Revenues (INR Cr)
Net Revenues (Mn USD)
EBITDA (INR Cr)
EBITDA (Mn USD)
Net Income (INR Cr)
Net Income (Mn USD)

Q2 FY 16
1056
165
136
21
29
5

Q1 FY 16
975
152
119
19
20
3

Q2 FY 15
592
93
81
13
13
2

6M FY 16
2031
317
256
40
50
8

6M FY 15
1156
181
153
24
22
3

FY 15
3030
473
386
60
84
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 demerger 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:
E 1, MIDC Industrial Area, Waluj,
Aurangabad, Maharashtra 431 136
Phone: +91 20 30514000, Fax: +91.20.30514113
L31300MH2000PLC269261.
www.sterlitetechnologies.com