{"id":8828,"date":"2019-04-24T12:00:00","date_gmt":"2019-04-24T12:00:00","guid":{"rendered":"https:\/\/www.telecomstalk.com\/?p=8828"},"modified":"2019-04-24T12:00:00","modified_gmt":"2019-04-24T12:00:00","slug":"stl-delivers-superlative-growth-with-a-strong-future-outlook","status":"publish","type":"post","link":"https:\/\/www.telecomstalk.com\/?p=8828","title":{"rendered":"STL delivers superlative growth with a strong future outlook"},"content":{"rendered":"<p><em>Reports stellar FY\u201919, and an excellent start to FY\u201920 with an all-time high order book of over $1,500 Million<\/em><\/p>\n<ul>\n<li>Financials at all-time high: PAT up 68%, Revenue up 59%, EBITDA up 48% YOY; ROCE at 34%<\/li>\n<li>Highest-ever patents filed in a single year<\/li>\n<li>Strengthened position in Europe with acquisition<\/li>\n<li>Capacity expansion to <a href=\"https:\/\/www.sterlitetech.com\/press_release\/pdf\/513.html\">50 million fkm<\/a> for optical fibre and <a href=\"https:\/\/www.sterlitetech.com\/press_release\/press-release-sterlite-tech-to-double-its-optical-fibre-cable-solutions\/\">33 million fkm<\/a> for cable on track<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.sterlitetech.com\/\">Sterlite Technologies Ltd &#8211; STL<\/a> [BSE: 532374, NSE: STRTECH], a global data network solutions company, reported another year of solid financial performance. The company\u2019s steady growth over the last several quarters is a result of its strategic focus on offering data network solutions to an expanding global market of telcos, cloud companies, citizen networks and large enterprises.<\/p>\n<h2>FY\u201919 \u2013 A transformative year<\/h2>\n<p>As cloud companies intensified network build, telcos increased fibre deployment with high-impact solutions, defence modernised its networks, and rural and urban broadband accelerated, FY\u201919 was a transformative year for STL. It acquired new customers and launched end-to-end solutions, on the back of accelerated innovation, an agile supply chain and best-in-class talent.<\/p>\n<ul>\n<li>35 new customers: The company won customers across all its customer segments, prominent ones being two of the world\u2019s top cloud companies; several tier one telcos, including partnership for network creation for one of the world\u2019s largest greenfield rollouts of 4G; and modernising the <a href=\"https:\/\/www.sterlitetech.com\/press_release\/sterlite-tech-awarded-long-term-contract-to-build\/\">Indian Navy\u2019s<\/a> digital communications network. With this, India, Europe and LATAM now account for about 90% of the company\u2019s revenues.<\/li>\n<li>Six new solutions and several partnerships: With its unique silicon-to-software capability, the company designed and launched several network solutions. Some notable launches included <a href=\"https:\/\/www.sterlitetech.com\/press_release\/sterlite-tech-launches-fttx-mantratm%E2%80%93a-fully-integrated-ready-to-implementFTTxsolution\/\">FTTx Mantra<\/a> (fully integrated, ready to implement FTTx solution) and <a href=\"https:\/\/www.sterlitetech.com\/press_release\/sterlite-tech-unveils-truribbonTM%E2%80%93ribbon-reinvented-a-fully-backward-compatible-cable-built-for-high-capacity-networks\/\">TruRibbon<\/a> (high-density optical fibre cable for high-capacity networks). The company partnered with industry leaders for some of these, including several partnerships for the Defence, and with open-source consortiums such as <a href=\"https:\/\/www.sterlitetech.com\/press_release\/sterlite-tech-becomes-o-ran-alliance-contributor\/\">O-RAN<\/a> and <a href=\"https:\/\/www.sterlitetech.com\/press_release\/sterlite-tech-to-create-optical-transport-controller-for-voyager-and-cassini-platforms-in-collaboration-with-the-telecom-infra-project\/\">TIP<\/a>.<\/li>\n<li>271 patents: The company filed its highest-ever patents in a single year, taking its global patent filing count to 271. These filings protect the company\u2019s deep technology investment in strategic areas. It also launched SPEL \u2013 India\u2019s first <a href=\"https:\/\/www.sterlitetech.com\/press_release\/specialty-products-experience-lab-for-structured-cabling-solutions\/\">technology lab<\/a> for structured networking solutions. This is in addition to its two earlier labs \u2013 Centre of Excellence for broadband research and Centre for Smarter Networks for next-generation network applications.<\/li>\n<li>Capacity expansion and agile delivery: With the <a href=\"https:\/\/www.sterlitetech.com\/press_release\/Sterlite-Tech-to-acquire-European-Specialised-Optical-Cable-Manufacturer-to-expand-global-presence\/\">acquisition of Metallurgica Bresciana<\/a> in Italy, the company strengthened its position in Europe and acquired new product and customer portfolios. Meanwhile, its planned expansion with new Industry 4.0 plant at Aurangabad is ready to come online with <a href=\"https:\/\/www.sterlitetech.com\/press_release\/pdf\/513.html\">50 million fkm<\/a> fibre capacity by June 2019, while it is on track to deliver its doubled fibre cable capacity of <a href=\"https:\/\/www.sterlitetech.com\/press_release\/press-release-sterlite-tech-to-double-its-optical-fibre-cable-solutions\/\">33 million fkm<\/a> by June 2020.<\/li>\n<li>Best-in-class talent: The company continued to strengthen its technology expertise with hiring key talent for optical fibre research, <a href=\"https:\/\/www.sterlitetech.com\/press_release\/sterlite-tech-strengthens-technology-leadership-with-two-crucial-appointments\/\">software defined networks, converged networks<\/a>, <a href=\"https:\/\/www.sterlitetech.com\/press_release\/technology-data-science-and-talent-leadership-joins-sterlite-tech-todrive-the-future-of-data-networks\/\">connectivity solutions and data science<\/a>.<\/li>\n<li>Environment, sustainability and governance: The company\u2019s commitment to the environment won its optical fibre cable plant in Silvassa, India the prestigious Intertek <a href=\"https:\/\/www.sterlitetech.com\/press_release\/sterlite-tech-now-home-to-indias-1st-zero-waste-to-landfill-optical-fibre-cable-plant\/\">Zero Waste to Landfill Certification<\/a>. It also became a signatory to United Nations Global Compact, the world\u2019s largest forum on corporate sustainability.<\/li>\n<\/ul>\n<h2>Consolidated Financials \u2013 All-time high<\/h2>\n<p>This focus on deep customer engagement, solutions build for hyper-scale networks, ongoing innovation, agile supply and key talent contributed to the company\u2019s excellent financial performance.<\/p>\n<h2>Q4 FY\u201919 Financial Highlights<\/h2>\n<ul>\n<li>Highest quarterly Revenues at $256 Million<\/li>\n<li>Highest quarterly EBITDA at $47 Million, up 38% YoY<\/li>\n<li>Highest quarterly PAT at $24 Million, up 47% YoY<\/li>\n<\/ul>\n<h2>FY\u201919 Financial Highlights<\/h2>\n<h2>The company\u2019s financials have continued to show superlative growth. Key metrics are:<\/h2>\n<ul>\n<li>Open order book at $1,502 Million, 2.1 times the annual revenue<\/li>\n<li>Revenues at $727 Million, up 59% YoY<\/li>\n<li>EBITDA at $166 Million, up 48% YoY<\/li>\n<li>PAT at $80 Million, up 68% YoY<\/li>\n<li>ROCE at all-time-high of 34%<\/li>\n<\/ul>\n<p>The company continues to stay committed to deliver PAT of $100 Million in FY\u201920.<\/p>\n<p>With these strong numbers, the Board of Directors has recommended Final Dividend of 175% of face value per share for FY\u201919.<\/p>\n<h2>FY\u201920 and beyond \u2013 An exciting future<\/h2>\n<p>As telcos, cloud companies and new digital infrastructure players create hyper-scale networks, STL is at the helm of this network creation opportunity. With its data network solutions for Mobility, Last-mile access, Long-haul connectivity, Network modernisation and Data centres, across large customer segments globally, the company\u2019s total addressable market has expanded to a market size of $75 Billion by FY\u201923.<\/p>\n<p>As the company\u2019s focus expands to end-to-end technology solutions for data networks, it is refreshing its identity to reflect a simplified, transformed company that is leading the future of networks.<\/p>\n<p>To know more about the company\u2019s strategy and FY\u201919 results, please see the <a href=\"https:\/\/www.sterlitetech.com\/pdf\/ncd\/STL%20Q4%20FY19%20Earnings%20Presentation.pdf\">Investor Presentation<\/a>.<\/p>\n<h2>Note: 1 USD=70 INR<\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Reports stellar FY\u201919, and an excellent start to FY\u201920 with an all-time high order book of over $1,500 Million Financials at all-time high: PAT up 68%, Revenue up 59%, EBITDA up 48% YOY; ROCE at 34% Highest-ever patents filed in a single year Strengthened position in Europe with acquisition Capacity expansion to 50 million fkm [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-8828","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/posts\/8828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8828"}],"version-history":[{"count":0,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=\/wp\/v2\/posts\/8828\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.telecomstalk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}