Telecom Cables company Sterlite Technologies announced FY23 results: STL reported record revenues of Rs 6,925 crore, growing 27% over the previous year Impressive 29% and 51% growth in EBITDA and PAT respectively STL reported a strong 46% revenue growth in its Optical Business along with a 93% EBITDA increase, on the back of increased volumes and realisations, as well as significant growth in its focus markets. In India, STL worked with top telecom operators for their pan-India fibre rollouts, winning orders worth ~Rs 1,000 crore Commenting on the company’s annual performance, Ankit Agarwal, Managing Director, STL said “Last year we sharpened our focus and set out on the path to be among the world top 3 companies in the Optical business. I am delighted to see our focused strategy yield strong results for the company. The industry continues to show significant long-term growth and we are excited about co-creating meaningful solutions with our customers. We believe that, going forward, our strong leadership, customer focus, technology innovation, and sustainability will be the cornerstones of our success." Result PDF
Telecom cables firm Sterlite Technologies announced Q3FY23 results: Q3FY23: Revenue increases by 28%, EBITDA by 17% on year till date (YTD) basis Q3FY23 revenue at Rs 1,882 crore vs Q2FY23's Rs 1,683 crore Q3FY23 EBITDA at Rs 234 crore vs Q2FY23's Rs 252 crore 73% revenue growth in global markets on a YTD basis Optical business revenues zoom 1.8X, EBITDA 3X on a YoY basis Commenting about the company's performance, Ankit Agarwal, Managing Director, STL, said “Our performance this quarter has been strong. Sharp focus on cash and profitability, and calibrated exits from sub-scale businesses have poised us for long-term growth. I am excited about the market momentum and the pace of customer wins in our key markets. As we look ahead, I see technology innovation and R&D; playing a pivotal role in our journey to become one of the top optical players in the world. Quarter four and beyond, we will continue to prioritise growth areas, optimise our capital structure, and execute with discipline. Result PDF