Vedanta Group firm Sterlite Industries on Monday announced a 35% rise in its net profit for the quarter ended March 31, 2011, which stood at Rs 1,925 crore against Rs 1,425 crore during the same period last year on account of higher realisation of copper, zinc and silver.
The net sales during the quarter went up by 40% to Rs 10,000.3 crore as against Rs 7,147.2 crore in 2009-10. The firm’s annual net profit grew by 34.7% to Rs 5,042.5 crore against Rs 3,743.7 crore while sales went up by 23.5% to Rs 30,248 crore.
Sterlite earned Rs 4,023.5 crore from its zinc, lead and silver sales together, a growth of 62% during the quarter, while its revenue from copper sales were up by over 36% at Rs 4,815.6 crore, it said in a filing to the Bombay Stock Exchange..
The production of refined zinc and copper during the period rose by 29% each, while lead production jumped by 10%.