Sterlite Technologies Ltd - STL [BSE: 532374, NSE: STRTECH], a global data network solutions company, today announced a successful start to FY20 with excellent results for Q1FY20, with 63% YoY revenue growth. With sustained focus and investments in technology, STL delivered yet another quarter of superior operating and financial performance. This is driven by increased global customer engagement and unified solution offerings for new high capacity, lowlatency, disaggregated networks for their customers.
As consumers demand more data at faster speeds, there is increasing demand for end-to-end data network solutions, higher capacity connections, deeper and denser deployment and better customer experience. STL has been innovating across its suite of data network solutions to deliver more, faster, better integrated solutions to its customers across Telcos, Cloud Companies, Citizen Networks and Large Enterprises.
Q1FY20 Financial Highlights
As the company saw adoption of its new technology solutions across customer segments and markets, Q1FY20 saw YoY growth across all financial performance metrics. Highlights below:
- Revenue: Rs 1,432 crore, up 63% YoY
- EBITDA : Rs 332 crore, up 32% YoY
- PAT : Rs. 141 crore, up 17% YoY
- ROCE: 28%
- Open order book: Rs 9,853 crore
- Exports At 36% of revenue, up 33% YoY
"We have just begun to see the first few years of data consumption and data networks era. The next decade will see over 20-50 times growth of data and the corresponding networks. This is the time to bring disruption in every aspect of data network design, creation and management," says Anand Agarwal, Group CEO, STL. "We are fortunate to be there since the beginning of this network creation cycle, and are extremely excited to become more and more relevant to our global customers. We will continue to innovate across our core expertise, from photonics, precision manufacturing and programmable network design to network delivery, upgradation and management. As we bring together these capabilities, we will help our customers deliver the highest quality data networks to transform the everyday lives of people across the globe."
Shares of STERLITE TECHNOLOGIES LTD. was last trading in BSE at Rs.163.4 as compared to the previous close of Rs. 168.05. The total number of shares traded during the day was 160693 in over 2278 trades.
The stock hit an intraday high of Rs. 169.6 and intraday low of 162.1. The net turnover during the day was Rs. 26607585.