Conference Call with Sterlite Technologies Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Telecom cables company Sterlite Technologies announced Q2FY23 results: STL reported profitable growth with revenues of Rs. 1,768 crore, up by 12% QoQ and 17% YoY. 70% of revenue came from the US and Europe. A robust order book of Rs. 11,697 crore further cemented STL’s position as a global partner for 5G and FTTH. Expressing confidence in the company’s growth trajectory, Ankit Agarwal, Managing Director, STL said “The world has now recognised broadband as a basic necessity. 5G, FTTH, and Rural connectivity efforts are all coinciding to connect the remaining 40% of the world. Fiberisation is going to be front and centre in this decade of network creation and STL is fully prepared to meet this demand with global capacities, great talent and technology-led solutions. We are constantly innovating to build these networks fast and in the most sustainable way.” Result PDF