STERLITE TECHNLGS : January 25, 2012 Sterlite Technologies earns Rs 664 Crores as net revenue in Q3 FY12

Sterlite Technologies earns Rs 664 Crores as net revenue in Q3 FY12

... Commences Q4 FY12 with confirmed orders of about Rs 2,400 Crores

NEWS RELEASE FOR IMMEDIATE PUBLICATION Pune, India - January 25, 2012: Sterlite Technologies Limited "Sterlite" [BSE:532374, NSE:STRTECH], a leading global

provider of transmission solutions for
the power and telecom industries, today announced its results for the quarter ended December 31, 2011.

Financial highlights for Q3 FY12 • Net revenue of Rs. 664 Crores. • EBITDA of Rs 56 Crores, PAT of Rs

9.5 Crores.

• Power business revenue of Rs. 476

Crores and telecom business
revenue of Rs. 188 Crores.

Strong order book

During Q3 FY12, the Company received new orders valued at about
Rs 680 Crores (~US$ 151 million) for its telecom and power products.
The open order book for the Company at the start of Q4FY12 stands at over Rs 2,400 Crores (~US$ 533 Million), which is significantly higher than that at the start of Q4 last fiscal.

Business highlights for 9-months • Focused efforts in product development have lead to the introduction of ACCC conductors, G657 optical fiber and blown fiber optic cables amongst many more. • Market entry into new geographies like North America and Latin America. • Revenues from international sales currently account for about 30% of total revenues. • Good progress is being made in the execution of the Company's three power infrastructure projects. Industry outlook • The Government of India has plans to provide financial assistance to State Governments to set up transmission networks that would facilitate evacuation of renewable energy being generated within the State. Thus opportunities from

Standalone financials	Quarter ended Dec 31	9-months ended Dec 31	Year ended March 31
Standalone financials	2011	2010	2011	2010	2011
Net Revenues (Rs Crore) Net Revenues (US$ Mn)	664 147	579 129	1,918 426	1,580 351	2,263 503
EBITDA (Rs Crore) EBITDA (US$ Mn)	56 12	50 11	153 34	233 52	282 63
PAT (Rs Crore) PAT (US$ Mn)	9.5 2.1	17.1 3.8	27.4 6.1	130.2 28.9	140.5 31.3
Diluted EPS (Rs.)	0.24	0.45	0.69	3.41	3.72

sterlitetechnologies.com

PGCIL, SEB's and the private sector are very optimistic.

• 2011 witnessed the highest ever demand for optical fiber at 215 Mn- fkm with Europe, US, China and Brazil as the biggest contributors to this growth. • The Union Government of India has formed a special purpose vehicle,

'Rajiv Gandhi National Information Super-Highway', for setting up a National Fiber Optic Network (NFON). The Government has approved an investment of Rs
20,000 Crores towards broadband connectivity to Panchayats, e- governance, online banking and health services initiatives.
Says Pravin Agarwal, Wholetime Director - Sterlite Technologies Limited, "Although this has not been one of the best fiscal periods for our Company,
we continue to be very bullish and optimistic in our direction, our growing global reach and our increased participation with clients requirements - from fiber to bandwidth and from conductors to actual power transmission."
"We would continue to build organizational capability, focus on economies of scale, costs and technology advancements, to ensure our business progress", he adds.

About Sterlite Technologies Limited Sterlite Technologies Limited ("Sterlite") [BSE: 532374, NSE: STRTECH], is a leading global provider of transmission solutions for the power and telecom industries. Equipped with a product portfolio that includes power conductors, optical fibers, telecommunication cables and a comprehensive telecom systems / solutions portfolio, Sterlite's vision is to

'Connect every home on the planet'. Sterlite is also executing multi-million dollar power transmission system
projects, pan-India.

Contacts

Keith D'Silva
Corporate Communications Sterlite Technologies Limited Phone: [phone] [e-mail]
Vishal Aggarwal
Investor Relations
Sterlite Technologies Limited Phone: [phone] [e-mail]

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. Assumption US$ = Rs 45.

sterlitetechnologies.com UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2011

(Rs. In Lacs except per share data) (Rs. In Lacs)

Segment Reporting	Quarter ended	Nine Months ended	Year ended
Segment Reporting	Dec-11 (Unaudited)	Sep-11 (Unaudited)	Dec-10 (Unaudited)	Dec-11 (Unaudited)	Dec-10 (Unaudited)	Mar-11 (Audited)
Segment Revenue Power Transmission Business Telecom Products & Solutions	47,570 18,783	51,471 19,257	42,186 15,725	138,464 53,350	109,181 48,851	160,591 65,664
Total	66,353	70,728	57,911	191,814	158,032	226,255
Profit before Interest,Depreciation and Ta Power Transmission Business Telecom Products & Solutions	x 2,572 2,984	2,357 2,998	1,221 3,803	5,755 9,555	9,928 13,328	11,368 16,793
Total	5,556	5,355	5,024	15,310	23,256	28,161
Profit before Interest and Tax Power Transmission Business Telecom Products & Solutions	2,030 1,564	1,825 1,970	823 2,817	4,207 6,118	8,762 10,468	9,768 12,792
Total Interest Cost	3,594 2,318	3,795 2,075	3,640 1,285	10,325 6,578	19,230 2,919	22,560 4,741
Profit before Tax	1,276	1,720	2,355	3,747	16,311	17,819
Capital Employed (Segment Assets- Seg Power Transmission Business Telecom Products & Solutions Unallocable	ment Liabilities) 63,818 102,914 27,180	78,107 95,844 12,437	79,860 95,159 2,390	63,818 102,914 27,180	79,860 95,159 2,390	63,439 92,152 9,977
Total	193,912	186,388	177,409	193,912	177,409	165,568

NOTES 1. In terms of clause 41 of the listing agreement, details of number of investor complaints for the quarter ended December 31, 2011 : Beginning - 0 , Received - 73 , Disposed off - 73 , Pending - 0. 2. During the year 2005-06, the CESTAT had upheld a demand of Rs.18,800 Lacs (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.

3. In accordance with the nature of the business, the company had changed its method of valuation of inventories of aluminium conductors used in

power transmission business from "Weighted Average" to "Specific Identification method" from March 31, 2011. Had "Weighted Average Method" been used during the period ended December 31, 2011, the inventory would have been lower by Rs.89 Lacs and the resultant net profit after tax would have been higher by Rs.69 Lacs.

4. In the current quarter, the Company has recognised a total amount of Rs.381 Lacs for quarters ended June 30, 2011 and September 30, 2011 towards recovery of expenses and interest on loans provided to certain wholly owned subsidiaries of the Company. Said amount has been netted off against the expenditure incurred under various heads. 5. Sterlite Infra- Tech Limited ( SITL), a wholly owned subsidiary, has been merged with the Company effective April 1, 2011 vide order of the Bombay High Court dated October 21, 2011. The impact of merger has been given in the results with effect from April 1, 2011 ; and accordingly, the results of the Company for the quarter and nine months ended December 31, 2011 are lower by Rs.663 lacs. To this extent results for the quarter and nine months ended December 31, 2011 are not comparable with the results for the prior periods presented 6. The above results have been reviewed by the Audit Committee. The Board of Directors at its meeting held on January 25, 2012 approved the

above reesults.

7. Previous period figures have been regrouped / rearranged wherever considered necessary. For Sterlite Technologies Limited Place : Pune Sd/- Date: January 25, 2012 Anand Agarwal

Chief Executive Officer

Registered office: Sterlite Technologies Limited, Survey No. 68/1, Rakholi, Madhuban Dam Road, Silvassa - 396230, Union Territory of Dadra & Nagar Haveli, INDIA. www.sterlitetechnologies.com