- New acquisition for Network Integration capabilities in
Europe
- Investments in UK and US to augment local presence in optical
fibre
- Healthy order book of US$ 1,506
million with top-tier global wins
PUNE, India, July 22, 2021 /PRNewswire/ -- STL (NSE: STLTECH),
an industry leading integrator of digital networks, today announced
financial results for the first quarter ended June 30, 2021. The company recorded a strong
cumulative order book of over US$ 1,506
million and revenue of US$ 176
million, backed by solid technology solutions and
foundational capabilities.
Significant progress on focused global capability build
strategy
To cater to the three network build cycles of 5G, FTTx and Rural
broadband, STL continues to make consistent efforts to
scale-up its global capabilities and develop industry-leading
technology solutions. The company's three growth levers –
Globalise system integration, Grow
optical business, and Build disruptive wireless
solutions - are now yielding results.
Globalise System Integration
- Strategic acquisition in Europe - STL today announced that it will
acquire Clearcomm Group - a leading Network Integration company in
the UK to further globalise its system integration business. The
combined capability of STL and Clearcomm will enable the company to
greatly contribute towards 'Project Gigabit'. This move combined
with the existing data centre integration capabilities will further
augment STL's presence in network integration in UK and
Europe
- During the quarter, STL also received its first FTTx
orders in the UK for its network integration services
business
Grow Optical Business
- Capacity enhancement to 42 Mn fKm with Investments in US and
UK - Committing US$ 27 million
investments to establish optical fibre cable manufacturing and
R&D labs in the UK and US. Through these plans, the company
confirmed its plans to increase the OFC capacity to 42 Mn fKm, from
an existing 33 Mn fKm
- Leveraging Optical Interconnect capabilities - With the
acquisition of Optotec earlier this year, the company's portfolio
for end-to-end FTTx has opened up a total optical solutions
addressable market of US$ 18
billion
- Successful field trials for Programmable FTTx - The
company crossed a significant milestone by successfully integrating
its pFTTx solution in the live broadband access network of Chunghwa
Telecom
Build disruptive, wireless solutions
- Recognized for leading technology solutions: STL has
been acknowledged by Gartner as a global 5G RAN
vendor, and as an Enabler in the Digital Marketplace and
OSS/BSS Telecom customer software solutions
- Research and Development efforts: The company has
committed 3-4% of its revenues towards R&D for research and
innovation in optical and wireless technologies
As global trends re-energise, STL has been delivering on its
financial plan. The company has demonstrated improvement across all
financial metrics.
Financial highlights (in US$ Million)
P&L (US $
Million)
|
Q1 - FY'
22
|
Q1 - FY'
21
|
YoY
growth
|
Revenue
|
176
|
118
|
49%
|
EBITDA
|
32
|
18
|
82%
|
PAT
|
16
|
0.8
|
|
(Exchange Rate
@74.36 as on 30th Jun'21)
|
Delivered responsibly, with strong ESG focus
During the tough second wave of Covid-19, STL continued to
maintain a strong focus on ESG. The company's CSR initiatives
positively impacted over 180,000 lives. STL's environmentally
conscious efforts were recognised widely across the Asian Leaders
Awards for Waste Management and Best Corporate Responsibility
Practices.
Explaining these strategic moves and achievements, Dr.
Anand Agarwal, Group CEO, STL,
remarked, "During the current unprecedented times, STL continues
to provide support in the form of extended services and stronger
connectivity to our community and customers. We take pride in
solving our customers' challenges through our global end-to-end
solutions." He added, "In anticipation of the shifts in the
industry, STL has continued to strengthen its technology
capabilities through investment in developing ecosystems and hiring
top industry talent. As we increase our participation in our
customers' digital transformation, we have built a healthy order
book, and are confident of delivering the most advanced digital
networks for our customers."
About STL - Sterlite Technologies Ltd:
STL is an industry-leading integrator of digital networks.
Our fully 5G ready digital network solutions help telcos, cloud
companies, citizen networks and large enterprises deliver enhanced
experiences to their customers. STL provides integrated 5G ready
end-to-end solutions ranging from wired to wireless, design to
deployment and connectivity to compute. Our core capabilities lie
in Optical Interconnect, Virtualised Access Solutions, Network
Software and System Integration.
We believe in harnessing technology to create a world with
next-generation connected experiences that transform everyday
living. With a global patent portfolio of 582 to our credit, we
conduct fundamental research in next-generation network
applications at our Centres of Excellence. STL has a strong global
presence with next-gen optical preform, fibre, cable and
interconnect subsystem manufacturing facilities in India, Italy,
China and Brazil, along with two software-development
centres across India and one data
Centre design facility in the UK.
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