Sterlite Tech’s PAT surges 27%, revenue up 33% in FY16
Sterlite Tech, which just announced demerger of power business, has reported a 27% yearly jump in its PAT or profit after tax for the fiscal year 2016 at Rs 151 crore. Post demerger, the company said that its FY16 performance is representative of only telecom business. Sterlite now claims to be India’s only Optical Communication Products, Services & Software company. The company's fourth quarter PAT (post-demerger) increased to Rs 52 crore, from Rs... Read More
