Latest news with #SterliteTechnologies
Time of India
6 days ago
- Business
- Time of India
Future hazy for BharatNet as Starlink, Kuiper eye rural India's connectivity
Mumbai: India's ambitious BharatNet project, seeking to link the hinterland with fibre-based broadband, now faces a question mark over relevance in the face of satellite communications, as Elon Musk-owned Starlink and Amazon's Kuiper are expected to provide the crucial missing piece in the rural connectivity jigsaw.'Questions are being raised if the model of BharatNet could be tweaked to include satcom as a means besides fibre,' one person aware of the line of thinking at BharatNet fibre companies say BharatNet can only be driven by that mode of connecting rural homes, satcom company Hughes indicated it could be a hybrid model in the future, urging the government to consider subsidies for both technologies. The advent of satcom, coupled with the telcos' focus on growing wireless home connections, have also led to some doubts whether fibre deployment in the country could slow down. But fibre cable companies like Sterlite Technologies and Microscan have countered that in an underpenetrated market like India, fibre connectivity has immense headroom for deployment in data centres, telecom towers, etc. Pranav Roach, president of Hughes Network Systems India, said that both satellite communication and fiber connectivity possess unique advantages, and can co-exist as both are essential "The government could reconsider its approach to capital expenditure deployment and subsidies for both technologies. For example, in remote or underserved areas with lower data requirements, subsidizing the cost of satcom equipment could be a beneficial strategy,' Roach said. According to Avendus Capital, data centres alone will unlock a fibre demand of $10 billion capital investment over next few years. Even telecom tower fiberisation in India is low at 44%. The opportunity size of fiberizing over half a million towers coupled with building requisite backhaul routes would entice a capital outlay of over $30 billion in the next decade, it said. Fiber Alone? 'We are absolutely convinced that BharatNet project will be based on fiber,' said Ankit Agarwal, managing director at Sterlite Technologies , which has been awarded Rs 2600 crore tender to deploy optical fibre in Jammu & Kashmir under the ongoing third phase of BharatNet totalling Rs 60,000 crore. He reaffirmed that there are no delays or changes in BharatNet timelines. 'There may be some pockets, 1-2% of the gram panchayats which are not financially viable to connect through optical fiber or just physically not viable. There may be some satellites deployed. But, given the capability of speeds, cost, latency, we believe, fiber will remain the key technology going forward,' he said. Prateek Jhawar, MD and Head - Infrastructure and Real Assets Investment Banking, Avendus Capital echoed the sentiment. 'We believe the future holds a hybrid, densely knit fibre network complemented by large satcom deployments…,' he said. Satellite connectivity is susceptible to natural interferences like weather conditions (e.g. dense clouds, rains, storms etc.) and peak time congestion, he added. Leading satcom operators like OneWeb, Starlink and Hughes offer internet speeds ranging from 50-500 Mbps whereas terrestrial networks can speed upto 1Gbps, data from JM Financial showed. Mumbai-based Fibre infrastructure company Microscan said that BharatNet intends to connect government Zilla Parishads and post offices, which will not be possible on satcom. 'BharatNet intends to provide 100 Mbps at a very affordable monthly rate around Rs 300 with very less one time cost. Whereas satcom broadband will be useful in forests, ships, mines, aircrafts and rural areas where 4G/5G and fiber broadband is still a challenge,' said Sandeep Donde, MD & CEO, Microscan. Infact, the company views satcom as an opportunity as they will require a huge fiber network with high bandwidth capacity to connect their base stations to the data centres across India which will be their international gateways, Donde explained.
Yahoo
19-05-2025
- Business
- Yahoo
Sterlite Technologies Ltd (BOM:532374) Q4 2025 Earnings Call Highlights: Navigating Market ...
Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Sterlite Technologies Ltd (BOM:532374) has maintained a stable 8% market share in the global optical fiber cable market outside China. The company has achieved a significant year-on-year expansion in optical connectivity attached rates, increasing from 13% to 22%. Sterlite Technologies Ltd (BOM:532374) is well-positioned to capitalize on the growing demand for optical fibers, driven by 5G, FTTX, and data centers. The company has a strong innovation engine with 740 patents and 76 new filings in the year, focusing on next-gen capabilities like hollow core fiber and AI-driven fiber sensing. Sterlite Technologies Ltd (BOM:532374) is committed to sustainability, aiming for net zero by 2030 and has already installed 4,500 kilowatts of solar capacity. The company faces challenges from tariffs imposed by the US and Europe, which could impact profitability. Sterlite Technologies Ltd (BOM:532374) has seen a decline in global market share from 11% to 8%, indicating competitive pressures. The BEAD program in the US, which could drive demand, faces potential delays and uncertainties regarding its rollout. The company has a high net debt of 1,350 crore, with a debt to equity ratio of 0.68 times, which it aims to reduce. Shareholder returns have been a concern, with equity returns for minority shareholders being described as 'pathetic' by an investor. Warning! GuruFocus has detected 4 Warning Signs with BOM:532374. Q: How will the recent US tariff on optical fiber impact Sterlite Technologies? A: Ankit Agarwal, Managing Director, explained that while the tariff poses challenges, Sterlite is appealing the decision with the European Commission. The company is focusing on cost structures in India, Italy, and the US to remain competitive. They are optimistic about passing some costs to customers as demand in North America improves. Additionally, US customers are showing interest in sourcing from Sterlite's US and Indian facilities. Q: What is the timeline for Sterlite Technologies to regain its lost market share? A: Ankit Agarwal stated that the company is well-positioned with its capacities and product portfolio. As demand returns, they aim to increase utilization from 50% to 70%, which should improve EBITDA margins from 14% to 20%. The goal is to be among the top three global players in the optical business within 3 to 5 years. Q: How will changes in the US BEAD program affect Sterlite Technologies? A: Ankit Agarwal noted that while there are ongoing discussions about the program's specifics, Sterlite expects the BEAD program to progress, potentially starting in Q4 this year or Q1 next year. The company is focusing on current and new customers to drive growth and anticipates that simplified permitting processes in the US could accelerate infrastructure build-outs. Q: What is Sterlite Technologies' strategy for the data center market? A: Ankit Agarwal highlighted that Sterlite is developing an end-to-end solution for passive connectivity in data centers. They have a strong portfolio for inter-data center connectivity and are working on technologies for within data centers. The company aims to derive 25% of its revenue from the data center and enterprise segments in the coming quarters. Q: How does Sterlite Technologies plan to address shareholder concerns about equity returns? A: Ajayjanjari, CFO, emphasized that Sterlite is focused on improving margins and generating cash to enhance shareholder value. The company is targeting a net debt to EBITDA ratio below 2 and is committed to leveraging its optical business and STL Digital to drive growth and profitability. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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]
Business Standard
17-05-2025
- Business
- Business Standard
Sterlite Technologies reports consolidated net loss of Rs 40.00 crore in the March 2025 quarter
Sales rise 24.79% to Rs 1052.00 crore Net Loss of Sterlite Technologies reported to Rs 40.00 crore in the quarter ended March 2025 as against net loss of Rs 82.00 crore during the previous quarter ended March 2024. Sales rose 24.79% to Rs 1052.00 crore in the quarter ended March 2025 as against Rs 843.00 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 123.00 crore in the year ended March 2025 as against net loss of Rs 51.00 crore during the previous year ended March 2024. Sales declined 2.13% to Rs 3996.00 crore in the year ended March 2025 as against Rs 4083.00 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1052.00843.00 25 3996.004083.00 -2 OPM % 11.883.68 - 10.4111.61 - PBDT 81.00-27.00 LP 211.00238.00 -11 PBT 2.00-108.00 LP -105.00-76.00 -38 NP -40.00-82.00 51 -123.00-51.00 -141
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Business Standard
23-04-2025
- Business
- Business Standard
Dividend, Bonus issue: Huhtamaki India, 3 others to go ex-date on April 24
Shares of Colab Platforms, Huhtamaki India, Navkar Urbanstructure, and Sterlite Technologies are expected to remain in the spotlight in today's trading session following their announcement of corporate actions such as dividends, bonus issues, and spin-offs. According to BSE data, these shares will turn ex-date tomorrow, April 24, 2025. Colab Platforms has announced an interim dividend of ₹0.01 per share for its shareholders, while Huhtamaki India has declared a final dividend of ₹2 per share for its shareholders. Notably, each of these companies has set April 24, 2025, as the record date for determining the eligibility of equity shareholders for the respective corporate actions. Navkar Urbanstructure has announced the issuance of fully paid-up bonus equity shares in the ratio of 3:2 (i.e., 3 new fully paid-up equity shares for every 2 existing fully paid-up equity shares held, of ₹2 each). The company has fixed Thursday, April 24, 2025, as the record date for ascertaining the eligibility of shareholders entitled to receive the bonus shares. The company is currently under Enhanced Surveillance Measure (ESM: Stage 1) on the BSE. Meanwhile, Sterlite Technologie s has announced the demerger of its Global Services Business. The services business will transition from Sterlite Technologies (STL) to STL Networks under the brand name 'Invenia.' Sterlite Technologies in an exchange filing has said that the resulting company shall issue and allot 1 fully paid-up equity share of ₹2 each of the resulting company for every 1 fully paid-up equity share of ₹2 each held in the demerged company. The company has fixed Thursday, April 24, 2025, as the record date for determining the equity shareholders of the demerged company entitled to receive the resulting company's equity shares. The term "ex-date" refers to the date when a stock begins trading without entitlement to dividends, bonus shares, or spin-offs, depending on the corporate action. This means that on or after this date, new buyers of the stock will not be eligible to receive these benefits. To qualify, investors must hold the stock before the ex-date. The beneficiaries are determined based on the list of shareholders as of the record date.
