Latest news with #SterliteTechnologiesLtd
Business Standard
2 days ago
- Business
- Business Standard
Sterlite Technologies Ltd Spurts 13.42%
Sterlite Technologies Ltd has added 24.95% over last one month compared to 6.6% gain in BSE Telecommunication index and 1.75% rise in the SENSEX Sterlite Technologies Ltd gained 13.42% today to trade at Rs 87.4. The BSE Telecommunication index is up 0.81% to quote at 3041.73. The index is up 6.6 % over last one month. Among the other constituents of the index, Bharti Hexacom Ltd increased 1.45% and Tata Teleservices (Maharashtra) Ltd added 1.08% on the day. The BSE Telecommunication index went up 2.65 % over last one year compared to the 7.79% surge in benchmark SENSEX. Sterlite Technologies Ltd has added 24.95% over last one month compared to 6.6% gain in BSE Telecommunication index and 1.75% rise in the SENSEX. On the BSE, 2.33 lakh shares were traded in the counter so far compared with average daily volumes of 1.61 lakh shares in the past one month. The stock hit a record high of Rs 109.09 on 30 Jul 2024. The stock hit a 52-week low of Rs 50.7 on 07 Apr 2025.
Business Upturn
2 days ago
- Business
- Business Upturn
Sterlite Technologies shares surge 12% on Rs 2,631 crore BSNL BharatNet deal
By Aman Shukla Published on June 12, 2025, 09:27 IST Sterlite Technologies Ltd (STL) shares jumped over 12% in morning trade on June 12, 2025, after the company announced a major agreement with Bharat Sanchar Nigam Limited (BSNL). The deal, valued at ₹2,631.14 crore (inclusive of GST), is part of the BharatNet initiative aimed at enhancing digital infrastructure in Jammu & Kashmir and Ladakh. As of 9:26 AM, the shares were trading 11.86% higter at Rs 86.10. The agreement, signed on June 11, 2025, covers the design, supply, installation, upgradation, operation, and maintenance of the middle-mile network under BharatNet's Package 13. This network will link Gram Panchayats to the national internet backbone, enabling faster and more reliable rural connectivity. This development follows STL's earlier disclosure dated March 27 and aligns with the Scheme of Arrangement approved by the NCLT Mumbai on February 14, 2025. STL's Global Services Business, now demerged into STL Networks Limited, will take over the agreement once formalities are completed. The ₹2,631 crore contract includes a capital expenditure of ₹1,620.5 crore and operational expenditure of ₹972.3 crore for the new network and ₹38.33 crore for the existing one. The project will span three years of construction and ten years of maintenance. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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 Standard
02-05-2025
- Business
- Business Standard
Indus Towers Ltd Falls 6.14%
Indus Towers Ltd has added 6.04% over last one month compared to 4.28% gain in BSE Telecommunication index and 4.81% rise in the SENSEX Indus Towers Ltd lost 6.14% today to trade at Rs 383. The BSE Telecommunication index is down 0.97% to quote at 2843.89. The index is up 4.28 % over last one month. Among the other constituents of the index, Sterlite Technologies Ltd decreased 0.47% and Tata Communications Ltd lost 0.39% on the day. The BSE Telecommunication index went up 5.38 % over last one year compared to the 7.62% surge in benchmark SENSEX. Indus Towers Ltd has added 6.04% over last one month compared to 4.28% gain in BSE Telecommunication index and 4.81% rise in the SENSEX. On the BSE, 92040 shares were traded in the counter so far compared with average daily volumes of 2.55 lakh shares in the past one month. The stock hit a record high of Rs 460.7 on 02 Sep 2024. The stock hit a 52-week low of Rs 292 on 04 Jun 2024.
