Friday, 24 March, 2023

Sterlite Technology reports a loss of Rs 137 Cr

<p>Sterlite Technologies(STL), a broadband technology firm, reported a consolidated loss of Rs 137Cr due to one-time provisioning for client dues. In the same period last year, the company made a profit of Rs 86.64Cr. Ankit Agarwal, MD of Sterlite Technologies, stated that the company&#39;s underlying business remains healthy. STL CFO Mihir Modi said that the company expects to recover this loss in the future.</p>