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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."
Business Standard
17-05-2025
- Business
- Business Standard
STL reports FY25 results; well-positioned to unlock growth
PRNewswire Mumbai (Maharashtra) [India], May 17: STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its financial results for the year ended 31 March, 2025. The Company reported revenues of INR 1052 Cr for the quarter and INR 3996 Cr for FY25 across its business units - Optical Networking and Digital. STL delivered EBITDA margins of 13.8% and EBITDA of INR 146 Cr, highest in the last six quarters. With a focus on customer centricity, product innovation, and cost leadership, STL continues to be a partner of choice for the global Digital Infrastructure build. As we navigate evolving tariff dynamics, we remain focused on leveraging our global manufacturing footprint in the U.S., Europe, and India and diversified supplier partnerships to drive company performance. In Q4 FY25, Optical Networking Business reported a 26% revenue growth and 110% EBITDA as compared to Q4 FY24. This was driven by accelerating momentum in the Enterprise Connectivity and Data Centre Business and a ~22% attach rate in the Optical Connectivity Business (OC). Enterprise and Data Centre Business has seen robust demand in Europe and India as STL supported key players in these regions to expand their end customer connectivity solutions. STL Digital - Achieved EBITDA positive for consecutive 2 quarters with a steady YoY revenue growth and a robust order book. STL Digital has strategic partnerships with 40+ technology companies and has acquired more than 25 global customers across India and the U.S. Some key highlights for FY25 - Global Services Business* - STL completed the demerger of its Global Services Business that transitioned from Sterlite Technologies (STL) to STL Networks Limited under the brand name 'Invenia.' - Our marquee wins - STL added diversified customers across geographies, forming deep partnerships with service providers like Archtop Fiber in the U.S., Connexin, Netomnia and Wyre in the UK and Europe, Vocus in Australia, du Telecom in MEA and Bharatnet and Vedanta in India. - Product innovation and co-creation with customers - STL has aggressively driven product innovation, focusing on co-creation with customers and next-gen optical solutions with development of ultra-thin optical fibre of 160-micron, 180-micron and 864F Microcables, AI-led data centre solutions, Multi-core fibre (MCF) for quantum communications and silicon photonics, and Optical Connectivity portfolio for the U.S. STL also unveiled Rapid series of Optical products, compliant with the 'Build America, Buy America' (BABA) regulations. STL ended the year with a patent count of 740 with 76 new patents filed in FY25. - Our Net Debt: Equity has improved to 0.68 times against 1.39 times post demerger and Post QIP (YoY). "FY25 was marked by resilience and customer-focus. By doubling down on our core priorities--Customer and Cost Leadership--we not only sustained momentum but also laid the groundwork for future growth. The strengthening order pipeline and customer engagements signal a promising shift in market dynamics," remarked Ankit Agarwal, Managing Director, STL. "The trifecta of AI-ready infrastructure, rural fiberisation, and data centre expansion will be the cornerstone of global digitalisation, and we're are fully prepared with our extensive Connectivity solutions," he added. *Pursuant to receipt of necessary statutory approvals and in accordance with the Scheme of Arrangement between STL and STL Networks Limited, the Company has demerged its Global Service business effective March 31, 2025, as approved by NCLT. Consequently, the financial results of the Global Service business for the respective quarters and year ended March 31, 2025 and March 31, 2024 have been presented as discontinued operations to reflect the impact of this demerger.
Business Upturn
17-05-2025
- Business
- Business Upturn
STL reports FY25 results; well-positioned to unlock growth
Reports EBITDA of INR 146 Cr, highest in the last six quarters; 31% QoQ growth MUMBAI, India , May 17, 2025 /PRNewswire/ — STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its financial results for the year ended 31 March, 2025 . The Company reported revenues of INR 1052 Cr for the quarter and INR 3996 Cr for FY25 across its business units – Optical Networking and Digital. STL delivered EBITDA margins of 13.8% and EBITDA of INR 146 Cr, highest in the last six quarters. With a focus on customer centricity, product innovation, and cost leadership, STL continues to be a partner of choice for the global Digital Infrastructure build. As we navigate evolving tariff dynamics, we remain focused on leveraging our global manufacturing footprint in the U.S., Europe , and India and diversified supplier partnerships to drive company performance. In Q4 FY25, Optical Networking Business reported a 26% revenue growth and 110% EBITDA as compared to Q4 FY24. This was driven by accelerating momentum in the Enterprise Connectivity and Data Centre Business and a ~22% attach rate in the Optical Connectivity Business (OC). Enterprise and Data Centre Business has seen robust demand in Europe and India as STL supported key players in these regions to expand their end customer connectivity solutions. STL Digital – Achieved EBITDA positive for consecutive 2 quarters with a steady YoY revenue growth and a robust order book. STL Digital has strategic partnerships with 40+ technology companies and has acquired more than 25 global customers across India and the U.S. Some key highlights for FY25 Global Services Business* – STL completed the demerger of its Global Services Business that transitioned from Sterlite Technologies (STL) to STL Networks Limited under the brand name 'Invenia.' – STL completed the demerger of its Global Services Business that transitioned from Sterlite Technologies (STL) to STL Networks Limited under the brand name 'Invenia.' Our marquee wins – STL added diversified customers across geographies, forming deep partnerships with service providers like Archtop Fiber in the U.S., Connexin, Netomnia and Wyre in the UK and Europe , Vocus in Australia , du Telecom in MEA and Bharatnet and Vedanta in India . – STL added diversified customers across geographies, forming deep partnerships with service providers like in the U.S., and in the UK and , in , in MEA and and in . Product innovation and co-creation with customers – STL has aggressively driven product innovation, focusing on co-creation with customers and next-gen optical solutions with development of ultra-thin optical fibre of 160-micron , 180-micron and 864F Microcables, AI-led data centre solutions, Multi-core fibre (MCF) for quantum communications and silicon photonics, and Optical Connectivity portfolio for the U.S. STL also unveiled Rapid series of Optical products, compliant with the 'Build America, Buy America' (BABA) regulations. STL ended the year with a patent count of 740 with 76 new patents filed in FY25. – STL has aggressively driven product innovation, focusing on co-creation with customers and next-gen optical solutions with development of ultra-thin optical fibre of , and Microcables, solutions, (MCF) for quantum communications and silicon photonics, and Optical Connectivity portfolio for the U.S. STL also unveiled Rapid series of Optical products, compliant with the 'Build America, Buy America' (BABA) regulations. STL ended the year with a patent count of Our Net Debt: Equity has improved to 0.68 times against 1.39 times post demerger and Post QIP (YoY). 'FY25 was marked by resilience and customer-focus. By doubling down on our core priorities—Customer and Cost Leadership—we not only sustained momentum but also laid the groundwork for future growth. The strengthening order pipeline and customer engagements signal a promising shift in market dynamics,' remarked Ankit Agarwal , Managing Director, STL. 'The trifecta of AI-ready infrastructure, rural fiberisation, and data centre expansion will be the cornerstone of global digitalisation, and we're are fully prepared with our extensive Connectivity solutions,' he added. Financial highlights (INR Cr) Financials** INR Cr FY25 FY24 Q4FY25 Q4FY24 Revenue 3996 4083 1052 843 EBITDA 452 527 146 44 **All financials are from continued operations *Pursuant to receipt of necessary statutory approvals and in accordance with the Scheme of Arrangement between STL and STL Networks Limited, the Company has demerged its Global Service business effective March 31, 2025 , as approved by NCLT. Consequently, the financial results of the Global Service business for the respective quarters and year ended March 31, 2025 and March 31, 2024 have been presented as discontinued operations to reflect the impact of this demerger. 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 For more information, contact: Media Relations: Shaily Rai Sinha [email protected] Investor Relations Ajay Jhanjhari [email protected]
