Conference Call with Sterlite Technologies Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
STL’s revenues up 30%;strengthens presence in UK, Europe and US Highlights; A leading integrator of digital networks today reported a robust 30% YoY revenue growth in its financial results for the second quarter ended September 30, 2021. STL recorded Rs 15.08 billion in revenues with ~43% coming in from the EMEA region and ~12% from Americas, demonstrating increased global traction for its integrated digital network solutions. The world is witnessing massive network creation in the areas of 5G, FTTx and Open RAN with an increased focus on optical connectivity. This has led to rapid growth in fibre demand and a buoyant long term outlook. With its global footprint, fibre capacity of 50 million fibre kilometers and planned cable capacities of 42 million fibre kilometers, STL is very well positioned to lead in this decade of network creation. While focusing on technology innovation and global expansion, STL moved forward on its ESG goals with full vigor. The company built water resilience in 12 villages and impacted 2.1 Lakh lives. With these efforts, STL won 7 awards in India and internationally, including the prestigious Energy and Environment Foundation (EEF) global WasteMet and Sustainability awards. Delivers 30% YoY revenue growth Robust order book at Rs 115 Bn Elaborating on these achievements, Ankit Agarwal, Managing Director, STL remarked, “With our eyes on the future, we have been taking some formative steps over the past few quarters. We have elevated our global leadership team, executed strategic M&A; and launched disruptive solutions for programmable, optical and wireless networks. These steps are now translating into revenue growth. Now with our robust optical, wireless and system integration capabilities, we are all set to deliver on the new architecture of digital networks and take the power of connectivity to billions across the globe.” Result PDF