Sterlite Technologies Q3 FY25 Results: Revenue down 4.61% to Rs 1,261 crore, Net Loss of Rs 24 crore

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:

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  • 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:

  1. 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.
  2. Optical Networking Business (ONB): Achieved ~8% YoY growth in Q3 FY25, with an attach rate of 21%.
  3. Integrated Data Centre Solutions: STL’s innovative solutions for GPU-dense data centres accounted for ~22% of its quarterly ONB revenues.
  4. 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.