STL records strong revenue growth and elevates industry position with global deals
STL records strong revenue growth and elevates industry position with global deals |
[22-October-2020] |
- Highest order book of over Rs. 10,705 crore with diversified wins - Manufacturing operations exceeds pre-COVID levels - Capacity expansion of optical fiber cables to 33 mn fkm PUNE, India, Oct. 22, 2020 /PRNewswire/ -- STL (NSE: STRTECH), an industry leading integrator of digital networks, today announced financial results for the second quarter ended September 30, 2020. The company recorded good QoQ growth in revenues of Rs. 1,160 crore, EBITDA of Rs. 212 crore, PAT of Rs. 58 crore, and order book of Rs. 10,705 crore. These operating and financial results were backed by diversified global wins and the company's differentiated value proposition in delivering end-to-end digital network solutions across all customer segments. Networks continue to remain a lifeline for global economies The current situation has rapidly accelerated the need for digital transformation globally. Digital network creators continue to invest aggressively in high capacity networks that are densely fiberised, scalable, disaggregated, virtualized, and future-ready. Networks for delivering next-gen services such as FTTH, 5G, IoT, Industry 4.0, and enhanced user experience with ubiquitous connectivity. STL, with its industry-leading digital network capabilities, is empowering customers to modernise current networks and further build next-gen networks, enabling them to leverage technologies of the future. Q2FY21- Gaining Growth Momentum
Q2FY21 Financial Highlights Revenue: Rs. 1,160 crore EBITDA: Rs. 212 crore PAT: Rs. 58 crore Order Book: Rs.10,705 crore Exports at 47% of revenue "Our strong performance is a testament to the value we create for our customers by delivering solutions that enable them to achieve their current and future network requirements", said Dr. Anand Agarwal, Group CEO, STL. He added, "Digital Network creators globally continue to invest aggressively in strengthening their current network, to increase reach and quality of their networks. Our strategic investments in building deep technology expertise, integrated digital network solutions, and global talent positions us strongly to address this market demand." To know more about the company's strategy and Q2FY21 results, please log in to Analyst Call today at 16.00 IST. About STL- Sterlite Technologies Ltd. STL is an industry-leading integrator of digital networks. We design and integrate these digital networks for our customers. With core capabilities in Optical Interconnect, Virtualised Access Solutions, Network Software and System Integration, we are the industry's leading end-to-end solutions provider for global digital networks. We partner with global telecom companies, cloud companies, citizen networks and large enterprises to deliver solutions for their fixed and wireless networks for current and future needs. We believe in harnessing technology to create a world with next generation connected experiences that transform everyday living. With an intense focus on end-to-end network solutions development, we conduct fundamental research in next-generation network applications at our Centre of Excellence. STL has a strong global presence with next-gen optical preform, fibre and cable manufacturing facilities in India, Italy, China and Brazil, along with two software-development center's across India and one data Centre design facility in the UK. Sterlite Technologies Limited Godrej Millennium, 9, Koregoan Road, Pune 411 001, Maharashtra, India Phone: +91-20-30514000 Fax: +91-20-30514113 www.stl.tech Logo: https://mma.prnewswire.com/media/876464/Sterlite_Technologies_STL_New_Logo.jpg | ||
Company Codes: Bombay:532374, India:EQSTRTECH, India:STRTECH |
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