STL, a leading optical and digital solutions company, announced its financial results for the year ended March 31, 2023. The company reported record revenues of Rs 6,925 Cr, growing 27% over the previous year along with 29% and 51% growth in EBITDA and PAT respectively.
STL reported 46% revenue growth in its Optical Business along with a 93% EBITDA increase, on the back of increased volumes and realisations, as well as significant growth in its focus markets. In the US, STL kicked off commercial operations in its cable facility in South Carolina. In Europe and UK, the company deepened it’s existing engagements and also partnered with 20 new customers, closing FY23 with orders valued at Rs 2,400 crores. In India, STL worked with top telecom operators for their pan-India fibre rollouts, winning orders worth Rs 1,000 crore.
Commenting on the company’s annual performance, Ankit Agarwal, Managing Director, STL said, “Last year we sharpened our focus and set out on the path to be among the world top 3 companies in the Optical business. I am delighted to see our focused strategy yield strong results for the company. The industry continues to show significant long-term growth and we are excited about co-creating meaningful solutions with our customers. We believe that, going forward, our strong leadership, customer focus, technology innovation, and sustainability will be the cornerstones of our success.”
STL reported 46% revenue growth in its Optical Business along with a 93% EBITDA increase, on the back of increased volumes and realisations, as well as significant growth in its focus markets. In the US, STL kicked off commercial operations in its cable facility in South Carolina. In Europe and UK, the company deepened it’s existing engagements and also partnered with 20 new customers, closing FY23 with orders valued at Rs 2,400 crores. In India, STL worked with top telecom operators for their pan-India fibre rollouts, winning orders worth Rs 1,000 crore.
Commenting on the company’s annual performance, Ankit Agarwal, Managing Director, STL said, “Last year we sharpened our focus and set out on the path to be among the world top 3 companies in the Optical business. I am delighted to see our focused strategy yield strong results for the company. The industry continues to show significant long-term growth and we are excited about co-creating meaningful solutions with our customers. We believe that, going forward, our strong leadership, customer focus, technology innovation, and sustainability will be the cornerstones of our success.”
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