Sterlite Industries’ Q1FY11 results were largely in line with expectation. The consolidated net sales were up 30.6% Y-o-Y at Rs5924.5 crore, primarily driven by Consolidated net profit increased by 49.9% Y-o-Y to Rs1008 crore. Consolidated EBITDA for the quarter stood at Rs1497 crore, up 46.7% Y-o-Y. On Q-o-Q basis, revenues were down 16.7% while operating profit and net profit were down by 31.5% and 24.5% respectively.