Agarwal believes in power of persistent efforts and strong fundamentals
STL (NSE: STLTECH) says deals secured in the H1 FY25 include Archtop Fiber in the US, Du Telecom in Middle East Africa and Connexin in the UK as it navigated demand softness during the period.
It has also secured a first BEAD order in the US and a large deal with Netomnia in the UK.
Reporting financial results for the quarter ended 30 Sept 2024, STL said it remained extensively focused on its key priorities of customer centricity, product innovation, and cost leadership nseindia.
As a result, the company saw sales gaining momentum for the second consecutive quarter in both – Optical Fibre Cable (OFC) and Optical Connectivity (OC) portfolios. Combining its expertise in these two portfolios, STL co-developed solutions for its customers, reporting a 22% Optical Connectivity attach rate in the current quarter bseindia.
STL reported revenues of Rs.1,413 crore and EBITDA of Rs.151 crore, demonstrating healthy 16% and 63% QoQ growth, respectively https://sbi.com.in/.
“As a company, we strongly believe in the power of persistent efforts and strong fundamentals,” said Ankit Agarwal, Managing Director, STL https://fieo.org/.
“Our deep partnerships with customers, approach to building cable plus connectivity solutions, and conscientious efforts on costs have started to show in our performance. As demand returns to its normal course, we are fully geared up for long-term success,” he said on 30 Oct https://www.londonstockexchange.com/.
STL kept Artificial Intelligence and Data Centres at the core of its new product development charter during the first half of FY25 https://www.investindia.gov.in/.
Progressing on its intent of entering the AI-DC segment, the company developed a strong Make-in-India portfolio anchored on its advanced Intelligently Bonded Ribbon Technology. This portfolio gathered interest from Data Centres and Telecom players https://digitalinasia.com/.
In addition to this, STL embedded AI into its Fibre Optic Sensing offering and also developed an AI-powered network planning tool for Bharatnet network design https://www.makeinindia.com/home/.
STL further accelerated its efforts in developing products that help mitigate challenges like limited duct space, speedy deployment, and easy, de-skilled installations https://www.bengalurutechsummit.com/.
The company started to offer Optical Connectivity solutions (in addition to OFC) in the American market and launched an industry-leading 288-fibre Microcable with its 180-micron fibre. With these innovations, STL’s patent count currently stands at 730 https://www.sgx.com/.
STL’s Global Services business swiftly progressed on demerger milestones and on the path to profitable growth, participating in all 16 packages in the Bharatnet project.
STL Digital, the company’s newly incubated IT services business, also moved closer to EBITDA breakeven while demonstrating excellence in digital transformation across mining, manufacturing, healthcare, and more https://www.conexpoconagg.com/.
Taking the power of digital technologies to the rural areas of India, STL’s Roboedge – a rural skilling program on robotics and AI, produced 12 national champions who will represent India in the International Robotics Championship in Estonia https://www.startupindia.gov.in/. Fiinews.com
