Commodity Online
MUMBAI: Sterlite Industries India Ltd (SIIL) has posted a drop of 19.5% in net attributable profit and 14.4% drop in net sales and income from operations for the financial year ended March 31,2009.

The company belonging to the Vedanta Group recorded net sales of Rs 21,444 crore as on March 31, 2009 as against Rs 24,705 cr recorded in March 31,2008. Attributable profit fell to Rs 3,540 crore from Rs 4399 cr recorded in March 2008.


Aluminium production for Q4 and FY2009 was 85,000 tonnes and 357,000 tonnes respectively, compared with 92,000 tonnes and 359,000 tonnes in the corresponding prior periods. As part of our focus on improving profitability and cash flow, Sterllite shut down a part of the BALCO Plant I smelter in Q4 2009 due to higher operational costs.

Revenues from aluminium for Q4 and FY2009 were Rs. 813 crores and Rs. 3,934 crores respectively, compared with Rs. 1,125 crores and Rs. 4,170 crores in the corresponding prior periods, according to a company statement

During Q4 2009, copper cathode production at the Tuticorin smelter was 88,000 tonnes, broadly same as the corresponding prior quarter. Cathode production for FY 2009 was 313,000 tonnes, 7.7% lower than the previous year due to planned maintenance in Q1 2009 and to repair damage in the cooling tower structure in Q3 2009.

During Q4 and FY 2009, company recorded its highest ever quarterly and annual zinc mined metal production of 175,438 tonnes and 651,494 tonnes, an increase of 27.3% and 18.1% respectively compared with the corresponding prior periods. The increase in production was primarily on account of the successful commissioning and ramp-up of the stream III concentrator
at the Rampura Agucha mine.

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