Sterlite Technologies Limited (STL) is one of the prominent digital network integrators in the telecom industry. The company has customers in multiple regions of the world and reported a 20% increase in YoY revenue during Q1 FY23. STL said sales for Q1 FY23 were Rs 1,575 crore. The company claims that it has an order book of Rs 11,200 crore. Interestingly, the maximum revenue (62%) for STL came from Europe and the US.
As telcos and enterprises around the world invest in 5G, FTTx and data centers, the need for fiber deployments will increase. Globally, fiber demand is expected to grow exponentially, with optical fiber expected to surpass 541 million fkm in FY22.
STL has summarized the main areas where the focus is for now. First, the company’s focus is on the optical business. In the United States (USA), STL is starting its world-class optical fiber manufacturing facility. The new production facility is expected to go live in Q3 FY23.
The company continues to work with the leading telecom operators in the UK and India to help them with their 5G and FTTH implementations. There is also an STL Academy where the company is building its talent pool to enable them to help scale their business in the years to come.
The environment is also a concern for STL. The company has pledged to achieve net zero emissions by 2030. STL has already reduced emissions by 15,000 tons of CO2 equivalent through various initiatives over the past two years and has also recycled 500,000 cubic meters of water from FY19 to Q1 FY23.
“Our global presence, technology-led solutions and effective supply chain management continue to be an important contributor to our growth. With a greater focus on efficiency and prudent capital management, we expect to maintain this positive momentum,” said Ankit Agarwal, Managing Director, STL.
