Sterlite Technologies Limited (STL) has announced its financial results for the third quarter ended December 31, 2024, showcasing its operational resilience and strategic focus despite industry challenges. The company reported a quarterly revenue of ₹1,261 crore and an impressive open order book of ₹9,050 crore, reinforcing its strong market position across its three business verticals: Optical Networking, Global Services, and Digital.
Key Financial Highlights:
- Revenue: ₹1,261 crore in Q3 FY25, compared to ₹1,322 crore in Q3 FY24, marking a slight YoY decline.
- EBITDA: ₹133 crore, reflecting a YoY growth of 22% from ₹109 crore in Q3 FY24, driven by improved operational efficiencies and cost leadership.
- EBITDA Margin: Increased to 10.5% in Q3 FY25 from 8.2% in Q3 FY24, highlighting improved profitability.
- Net Loss: The company reported a loss of ₹24 crore, compared to a loss of ₹14 crore in Q3 FY24, primarily due to higher expenses.
Operational Highlights:
- Order Book Strength: STL’s robust open order book of ₹9,050 crore underscores its strong client relationships across diverse geographies, including significant wins in the US, Europe, and India.
- Optical Networking Business (ONB): Achieved ~8% YoY growth in Q3 FY25, with an attach rate of 21%.
- Integrated Data Centre Solutions: STL’s innovative solutions for GPU-dense data centres accounted for ~22% of its quarterly ONB revenues.
- Product Innovation: STL introduced advanced solutions, such as Fibre Optic Sensing (FOS) for AI-led data centres and multicore fibre technology for quantum computing.
Strategic Initiatives:
- Manufacturing and Sustainability: STL installed 4,523 kW solar panels across its Aurangabad and Silvassa plants, aligning with its commitment to reducing its carbon footprint.
- Social Impact: The company’s Swasthya Suraksha healthcare program positively impacted over 26 lakh lives across Maharashtra.
- Geographical Diversification: STL’s 10 manufacturing plants across four continents position it to capture emerging opportunities globally.
Commentary:
Managing Director Ankit Agarwal remarked, “We are well-positioned to capitalize on evolving market opportunities with a strong focus on product innovation, customer satisfaction, and cost efficiency. Our robust order book and innovative solutions will drive sustainable growth.”
Nine-Month Performance:
- Revenue: ₹3,912 crore for April–December 2024, compared to ₹4,380 crore YoY.
- EBITDA: ₹378 crore, reflecting consistent operational improvements.
Disclaimer:
The above information is for informational purposes only and should not be considered financial or investment advice. Please consult a financial advisor before making any investment decisions.
