Sterlite Technologies, a maker of telecom products, posted a 7 percent rise in first-quarter net profit on a sequential basis.

Anupam Jindal, CFO of the company spoke to CNBC-TV18 about the results and the company's outlook.

Jindal said that operating efficiency in fiber plant is driving better margin.

“Sterlite being a global player is participating in that high growth industry with our unique positioning in that. We are able to have very traction with our customers particularly in Europe and China and riding on that in India and that is driving our order book,” he added.

Talking about the margins, Jindal said, “We had given a strategic guidance that achieving $100 million by FY20 – that was given about a year back and today when we see the visibility based on this kind of order book and a lot of other things which are happening and Sterlite is well positioned, we see that $100 million mark, run rate wise, being achieved earlier than by March ’19.”

“Maybe we will surpass this $100 million kind of profit after tax (PAT) by FY20,” he said.