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The Wire
4 days ago
- Business
- The Wire
STL reports Q1 FY26 results; continued positive momentum in Revenue and Order Book
• YoY growth in Revenue and EBITDA of ~17% and ~94%, respectively • Order intake of INR 1,500 Cr in Q1 FY26 MUMBAI, India, July 25, 2025 /PRNewswire/ -- STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its financial results for the quarter ended 30 June, 2025. For the first quarter of FY26, the Company reported revenues of INR 1,019 Cr and EBITDA of INR 140 Cr, a growth of ~17% YoY and ~94% YoY, respectively. Amidst a dynamic tariff landscape, we remain focused on driving performance and profitability through product innovation and cost leadership. We continue strengthening relationships with our customers and driving sales in our key markets of US, Europe and India. This has been reflected in our strong open order book of INR 4,888 Cr. with order intake of INR 1,529 Cr this quarter alone. In Q1 FY26, Optical Networking Business reported an 18.6% revenue growth and 55.7% EBITDA growth as compared to Q1 FY25. We remained focussed on co-developing optical products for our customers meeting their end-to-end connectivity requirements. The attach rate for Optical Connectivity (OC) segment reached to ~23% for the quarter, following the launch in the US last year. STL achieved ~23% revenue this quarter from Enterprise and Data Centre segment. Recently, STL expanded its Data Centre portfolio to cater to the rising demand of AI-led Data Centres, which includes high-performance fibre and copper cabling solutions. These solutions offer high-capacity and low-latency for scalable, future-ready deployments for end-to-end data centre connectivity. STL Digital - Acquired 4 new customers in Q1, taking the total count to 30 global customers. STL Digital signed multi-million and multi-year contracts with 3 leading private healthcare services providers to provide Digital Marketing services and a multi-million deal with a global communications devices company for network modernisation. Some key highlights for Q1 FY26 Key wins - Signed a 3-year Long-Term Supply Agreement (LTSA) for Intelligently-Bonded Ribbon (IBR) cable with a leading European telecom operator and secured significant order inflow with a key US customer for high fibre count OFC solutions, marking a strong comeback after a year. Partnered with Swoop to upgrade ~1,000 homes in Western Australia with high-speed Fibre-to-the-Home (FTTH) connectivity. Innovation - STL becomes the first company globally to deploy Multi-Core Fiber (MCF) in both aerial and underground networks. STL, in collaboration with the Centre for Development of Telematics (C-DOT), achieved India's first Quantum Key Distribution (QKD) transmission over a 100 km, 4-core MCF network. Recently, STL with IIT Madras, conducted a test with MCF cable on 5 km live testbed. We are now leading global standards in MCF design and testing. Our patent count stands at 740 by the end of Q1 FY26. Recognition and Awards - STL was recognised by TEPC (Bharat Telecom 2025) in the category 'Telecom Products (Hardware & Software) – Large Enterprises' for driving global exports through Make-in-India innovation. Also received the ET Telecom Award for Impactful IoT Solution of the Year - Sensron (Fibre Optic Sensing). Sustainability - We achieved a major milestone in sustainable manufacturing for Maharashtra's first green hydrogen and green oxygen production facility for optical fibre. This will enable STL to become one of the world's first optical fibre manufacturers to deploy 100% green hydrogen in its production processes and support its goal to achieve Net Zero by 2030. "With our trusted global partnerships and continuous product innovation, we are well-positioned for long-term success. The recent expansion of our AI-led Data Centre portfolio and industry-first innovations like multi-core fibre are addressing the growing global demand for high-speed, secure, and scalable connectivity, said Ankit Agarwal, Managing Director, STL. "As we continue to co-create with customers and build next-gen optical networks, we remain committed to powering the digital backbone of tomorrow's world." Financial highlights (INR Cr) Financials** INR Cr Q1 FY26 Q1 FY25 Revenue 1,019 872 EBITDA 140 72 **All financials are from continued operations About STL - Sterlite Technologies Ltd: STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. Read more, Contact us, | Twitter | LinkedIn | YouTube (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire.
Business Standard
4 days ago
- Business
- Business Standard
STL reports Q1 FY26 results; continued positive momentum in Revenue and Order Book
PRNewswire Mumbai (Maharashtra) [India], July 26: STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its financial results for the quarter ended 30 June, 2025. For the first quarter of FY26, the Company reported revenues of INR 1,019 Cr and EBITDA of INR 140 Cr, a growth of ~17% YoY and ~94% YoY, respectively. * YoY growth in Revenue and EBITDA of ~17% and ~94%, respectively * Order intake of INR 1,500+ Cr in Q1 FY26 Amidst a dynamic tariff landscape, we remain focused on driving performance and profitability through product innovation and cost leadership. We continue strengthening relationships with our customers and driving sales in our key markets of US, Europe and India. This has been reflected in our strong open order book of INR 4,888 Cr. with order intake of INR 1,529 Cr this quarter alone. In Q1 FY26, Optical Networking Business reported an 18.6% revenue growth and 55.7% EBITDA growth as compared to Q1 FY25. We remained focussed on co-developing optical products for our customers meeting their end-to-end connectivity requirements. The attach rate for Optical Connectivity (OC) segment reached to ~23% for the quarter, following the launch in the US last year. STL achieved ~23% revenue this quarter from Enterprise and Data Centre segment. Recently, STL expanded its Data Centre portfolio to cater to the rising demand of AI-led Data Centres, which includes high-performance fibre and copper cabling solutions. These solutions offer high-capacity and low-latency for scalable, future-ready deployments for end-to-end data centre connectivity. STL Digital - Acquired 4 new customers in Q1, taking the total count to 30 global customers. STL Digital signed multi-million and multi-year contracts with 3 leading private healthcare services providers to provide Digital Marketing services and a multi-million deal with a global communications devices company for network modernisation. Some key highlights for Q1 FY26 Key wins - Signed a 3-year Long-Term Supply Agreement (LTSA) for Intelligently-Bonded Ribbon (IBR) cable with a leading European telecom operator and secured significant order inflow with a key US customer for high fibre count OFC solutions, marking a strong comeback after a year. Partnered with Swoop to upgrade ~1,000 homes in Western Australia with high-speed Fibre-to-the-Home (FTTH) connectivity. Innovation - STL becomes the first company globally to deploy Multi-Core Fiber (MCF) in both aerial and underground networks. STL, in collaboration with the Centre for Development of Telematics (C-DOT), achieved India's first Quantum Key Distribution (QKD) transmission over a 100 km, 4-core MCF network. Recently, STL with IIT Madras, conducted a test with MCF cable on 5+ km live testbed. We are now leading global standards in MCF design and testing. Our patent count stands at 740 by the end of Q1 FY26. Recognition and Awards - STL was recognised by TEPC (Bharat Telecom 2025) in the category 'Telecom Products (Hardware & Software) - Large Enterprises' for driving global exports through Make-in-India innovation. Also received the ET Telecom Award for Impactful IoT Solution of the Year - Sensron (Fibre Optic Sensing). Sustainability - We achieved a major milestone in sustainable manufacturing for Maharashtra's first green hydrogen and green oxygen production facility for optical fibre. This will enable STL to become one of the world's first optical fibre manufacturers to deploy 100% green hydrogen in its production processes and support its goal to achieve Net Zero by 2030. "With our trusted global partnerships and continuous product innovation, we are well-positioned for long-term success. The recent expansion of our AI-led Data Centre portfolio and industry-first innovations like multi-core fibre are addressing the growing global demand for high-speed, secure, and scalable connectivity, said Ankit Agarwal, Managing Director, STL. "As we continue to co-create with customers and build next-gen optical networks, we remain committed to powering the digital backbone of tomorrow's world."
Hans India
20-07-2025
- Business
- Hans India
Govt PU College to get CSR-backed infra boost
Mangaluru: Ina push to improve infrastructure at government-run educational institutions, Mangaluru MLA Vedavyas Kamath on Friday inaugurated a ₹25 lakh Viveka classroom and laid the foundation for another at the Government PU College, Car Street. These classrooms are part of the Karnataka government's Viveka Yojane, introduced in 2022–23 to upgrade learning spaces across the state. Kamath said the college's aging science laboratory and computer facilities were next in line for upgradation. Talks are underway with major public and private sector entities, including MRPL and MCF, to secure CSR funding for a science lab overhaul. Infosys has also reportedly shown interest in supplying computers to the college, emulating its earlier support to the Balmath Government College. 'We are committed to enhancing this institution into a model centre for science and IT education,' Kamath said. Deputy Director of Pre-University Education Rajeswari, Principal Bharati, and several teaching and non-teaching staff were present on the occasion, alongside students.
Time of India
18-07-2025
- Time of India
Man applies for death certificate, gets birth certificate: Panel fines MCF clerk
Gurgaon: The Haryana Right to Service Commission this week imposed a fine on a municipal corporation of Faridabad (MCF) clerk for submitting a child's birth certificate instead of a resident's request to get his father's death certificate. According to the complaint, the Faridabad resident filed an application with MCF on March 22 this year to get the death certificate of his father, who died on March 19. Instead of the death certificate, the clerk posted at the NIT Zone II office uploaded a child's birth certificate and closed the application in April, the complaint read. A spokesperson said the commission's chief TC Gupta, a retired IAS officer, took serious note of this administrative lapse on Thursday and ordered MCF to deduct Rs 6,000 from the July salary of the clerk. Of this amount, Rs 3,000 will be paid as a fine under provisions of the Haryana Right to Service Act, 2014, and the remaining Rs 3,000 will be paid as compensation to the complainant. You Can Also Check: Gurgaon AQI | Weather in Gurgaon | Bank Holidays in Gurgaon | Public Holidays in Gurgaon "MCF commissioner has been directed to ensure compliance with the order and submit a report to the commission by Aug 11, 2025. The applicant has been asked to send his bank account details to the commission and the municipal office, so the compensation amount can be transferred," the spokesperson said. In a separate case, the commission directed action against a tehsildar in Hansi city of Hisar for delaying his duty in issuing a marriage certificate. The spokesperson said that a Hisar resident applied for a marriage registration certificate on March 10. The wedding took place on Nov 28, 2024, and the application for a delayed certificate was submitted along with the consent of the couple's parents. The bride and groom submitted family IDs, confirming their age and address. After the application, the tehsil office raised an objection on the lack of a birth certificate. The official also demanded a hard copy of documents and additional paperwork. The commission said in its ruling on Thursday that Haryana govt guidelines state that family IDs are sufficient as proof of age and address.
Straits Times
13-07-2025
- Business
- Straits Times
Forum: SkillsFuture and MPA offer funding support for maritime sector courses
Sign up now: Get ST's newsletters delivered to your inbox We thank Mr Sim Eng Cheong for his letter ' Broaden SkillsFuture support for industry-specific training ' (June 27). The SkillsFuture Credit (Mid-Career) can be used for over 7,000 courses, including courses specific to the maritime sector, such as Nanyang Technological University's Master of Science (Maritime Studies), Singapore Polytechnic's Specialist Diploma in Maritime Superintendency, and Ngee Ann Polytechnic's Diploma in Offshore and Sustainable Engineering. These courses have been identified to deliver strong employability outcomes. The Maritime and Port Authority of Singapore (MPA) also provides funding support of up to 70 per cent for some 170 maritime courses under MPA's Maritime Cluster Fund (MCF). A full list of MCF-approved courses and the applicable funding support can be found on MPA's website. SkillsFuture Singapore and sector agencies, such as the MPA, work closely to continually review and refresh our list of training programmes that support career development. We welcome suggestions from interested individuals on high-quality courses that are relevant to the profession and valued by the industry. Peggy Lim Director, Public Engagement Division SkillsFuture Singapore Top stories Swipe. Select. Stay informed. Singapore Govt will continue to support families, including growing group of seniors: PM Wong at PCF Family Day Singapore From Normal stream to Parliament: 3 Singapore politicians share their journeys World Deal or no deal? EU faces critical decision in response to Trump's latest tariff salvo Singapore Segregated recycling bins found to lower contamination rate as more spring up Sport Two participants injured after another breached safety protocol during Pesta Sukan archery event Asia Mahathir discharged from hospital after feeling fatigued during birthday gathering Singapore Medics treat 7 after blaze at HDB block lift lobby in Chai Chee Singapore I lost my daughter to Kpod addiction: Father of 19-year-old shares heartbreak and lessons Ng Yi Han Director, Innovation, Technology & Talent Development Division Maritime and Port Authority of Singapore
