Tag: STL [NSE: STRTECH]

Business World

STL records strong revenue growth and elevates industry position with global deals

Oct 22, 2020 by Gouri Achary 0 Comments #Dr. Anand Agarwal, #Dr. Krish Prabhu, #STL [NSE: STRTECH]

STL [NSE: STRTECH], an industry-leading integrator of digital networks, today announced financial results for the second quarter ended September 30, 2020. The company recorded good QoQ growth in revenues of Rs. 1,160 crore, EBITDA of Rs. 212 crore, PAT of Rs. 58 crores, and order book of Rs. 10,705 crore. These operating and financial results were backed by diversified global wins and the company’s differentiated value proposition in delivering end-to-end digital network solutions across all customer segments.

Networks continue to remain a lifeline for global economies

The current situation has rapidly accelerated the need for digital transformation globally. Digital network creators continue to invest aggressively in high capacity networks that are densely fiberised, scalable, disaggregated, virtualized, and future-ready. Networks for delivering next-gen services such as FTTH, 5G, IoT, Industry 4.0, and enhanced user experience with ubiquitous connectivity.

STL, with its industry-leading digital network capabilities, is empowering customers to modernise current networks and further build next-gen networks, enabling them to leverage technologies of the future.

Q2FY21- Gaining Growth Momentum

New diversified global wins:

  • STL will help build a future-ready network for Airtel to deliver a world-class customer experience through enhanced scalability, reduced latency, and improved bandwidth. The densely fiberized network, based on STL’s Opticonn and Lead 360 solutions will also form the foundation for many nextgen services.
  • The company has signed a few multi-year and multi-million dollar engagements to deploy Opticonn, wireless solutions, and FTTx Mantra solutions for marquee customers in Europe, the Middle East and Africa, India, and the US.
  • Unique positioning with STL Solution Ecosystem: Increased addressable market significantly by enhancing wireless capabilities, such as Wifi6 and 5GNR, along with converged network solutions suite and ecosystem partnerships for 5G networks. One year post integrating Impact Data Solutions Limited (IDS), UK in STL has further solidified the company’s data centre solution offerings.
  • Stronger presence in Europe: With OFC manufacturing plant in Italy, Data Centre solutions CoE headquartered in the UK, and strategic engagements with key customers in telecom and cloud, STL is rapidly scaling in Europe. Almost 30% of the Sterlite Technologies Limited Godrej Millennium, 9, Koregoan Road, Pune 411 001, Maharashtra, India Phone: +91-20-30514000 Fax: +91-20-30514113 www.stl.tech total revenue (H1FY21) is from Europe. It is estimated to grow further with large scale network rollouts planned in the region.

Plant Operations exceed pre-COVID levels: Operational normalcy almost to a full extent across all facilities in India, Brazil, China, and Italy.

Undivided focus in developing technology: Continued investments in technologies and increased global patent portfolio to 425, for optical connectivity, network services, and virtualized access solutions.

Driving the next phase of growth by strengthening global leadership: Recently onboarded technology, business, and customer segment leaders with the addition of Dr. Krish Prabhu to its Advisory, Mihir Modi as the CFO, and key appointments for driving customer engagement in the Americas, Europe, and Asia.

New approaches garnered coveted Industry Recognition: The company’s definitive move towards end-to-end wired and wireless digital network solutions has been highly appreciated by the industry ecosystem.

Some of the coveted awards conferred on STL include:

  • Awarded ‘Best WIFI Infrastructure Provider’ at ET Telecom Awards 2020.
  • STL’s Group CEO, Dr. Anand Agarwal won the coveted ‘CEO of the Year – Solution Provider’ at ET Telecom Awards 2020.
  • Rajesh Gangadhar, CTO of Access Solutions, has been recognised as the Innovation Leader for Business Impact by VMWare for the innovative solutions in virtualized access solutions.
  • The company also bagged the IHW Health Impact Award for COVID Relief and GreenTech CSR Award in the women empowerment category.

Realisation of Vision 2023 on track:

  • STL has initiated the expansion of its optical fiber cables capacity from 18 million to 33 million fkm as the company’s strong customer engagement and solution offerings demonstrate positive long-term growth. The capacity expansion is expected to be complete by June 2021.
  • Continued growth expected in Q3 and Q4 on a QoQ basis, in accordance with the Vision 2023.

Q2FY21 Financial Highlights

Revenue: Rs. 1,160 crore

EBITDA: Rs. 212 crore

PAT: Rs. 58 crore

Order Book: Rs.10,705 crore

Exports at 47% of revenue

Sterlite Technologies Limited Godrej Millennium, 9, Koregoan Road, Pune 411 001, Maharashtra, India Phone: +91-20-30514000 Fax: +91-20-30514113 www.stl.tech

“Our strong performance is a testament to the value we create for our customers by delivering solutions that enable them to achieve their current and future network requirements”, said Dr. Anand Agarwal, Group CEO, STL. He added, “Digital Network creators globally continue to invest aggressively in strengthening their current network, to increase reach and quality of their networks. Our strategic investments in building deep technology expertise, integrated digital network solutions, and global talent positions us strongly to address this market demand.”

To know more about the company’s strategy and Q2FY21 results, please log in to Analyst Call today at 16.00 IST.

Business World

STL appoints Mihir Modi as Chief Financial Officer

Oct 6, 2020 by Gouri Achary 0 Comments #Anand Agarwal, #Mihir Modi, #STL [NSE: STRTECH]

Pune, India – Oct 2020: STL [NSE: STRTECH], an industry-leading integrator of digital networks, has announced the appointment of Mr. Mihir Modi as its Chief Financial Officer. Mihir will lead all financial matters of the company and work closely with the Executive Committee and the Board of Directors.

Mihir is an experienced management professional with over 20 years of a career spanning finance, M&A, strategy and general management, across large scale listed companies and early-stage start-ups in India, Europe and Africa.

Most recently he has co-founded a contemporary digital media content company and led Zee Entertainment as its Chief Business Officer and CFO.  Before Joining Zee, Mihir has worked with Ernst &Young, Novartis Pharma in Europe and Godrej Consumer Products.

Mihir is a qualified Chartered Accountant and an MBA from the Indian School of Business.

On joining STL as the CFO, Mihir Modi said, “The world has entered a decade of network creation that will ensure connectivity and comprehensive digital experiences for all. A high bandwidth, responsive and agile digital platform has become a global necessity, and STL is poised to be a global leader with its suite of end-to-end digital network solutions. I am excited to work with the leadership team to take STL’s performance to new levels.”

Emphasising the impact of this announcement, Anand Agarwal, Group CEO, STL, said “We are delighted to welcome Mihir as the Chief Financial Officer of STL. Mihir is a finance professional with a wide range of experiences in digital growth businesses. Mihir’s experience in building deep industry alliances, managing internal efficiencies and eventually delivering consistent shareholder value, will help bolster STL’s strategy to deliver profitable growth.”



Business World

STL strengthens global leadership team to drive the next phase of growth

Sep 24, 2020 by Gouri Achary 0 Comments #Anand Agarwal, #Luis, #Mayur, #Stephen, #STL [NSE: STRTECH], #Tushar

STL [NSE: STRTECH] has been driving towards building advanced solutions for digital networks. These include converged access network offerings, both for optical and wireless networks, with disaggregated software and hardware capabilities. In line with this strategic shift, the company has transformed into an Account-Based Organisation with a suite of integrated end-to-end solutions.

STL recently enhanced the technology leadership with the addition of Dr.Krish Prabhu to its Advisory Board. Continuing with these macro shifts, STL announced a series of customer segment leadership appointments. Stephen Szymanski has joined STL as General Manager and Regional Commercial Executive, Americas; Luis Fernando Leon, Sales Manager, Central America; Mayur Tanna, Head- Enterprise Business, India; and Tushar Shah, Key Account Manager, United Kingdom. These accomplished professionals will drive the next phase of growth globally for STL. These seasoned leaders bring in extensive experience in driving the growth of technology and services that support the digital experience needs of today’s consumer. They have been credited to collaborate with customers and offer technology solutions and businesses in their zones of expertise and continually deliver sustainable growth in Optical Interconnects, virtualised Radio wireless networks and many other technology verticals.

 Stephen has over 25 years of experience in business development, product management, and executive leadership. Before joining STL, Stephen was Senior Vice PresidentTelecom, for Prysmian Group in North America, where he managed a large portfolio of responsibilities with a keen focus on strategy and operational execution. He has been associated with organizations like EIS Inc., Fiber Optic Sensing Association (FOSA), and Fiber Broadband Association (FBA). Stephen graduated from College of Charleston and has pursued executive education from SDA Bocconi School of Management and Rutgers University School of Business.

 Luis joined STL from Corning Incorporated where he was a top performer excelling throughout in business development and account management areas. With over 24 years of work experience, he has also been associated with organizations like 3M, Prysmian, and Siemens. Luis holds a Master’s degree from the National University of Colombia.

 Mayur comes with extensive experience in digital transformation, Enterprise IoT, and telecom infrastructure. He has over 25 years of experience spanning Telecom, 4G/5G Networks, IoT Business and Enterprise business strategy in companies like Siemens, Marconi, Ericsson, Augere, Aircel and Mobilogix. In his last role, he was the Vice President with Mobilogix, a global IoT company. Mayur is an Engineering Graduate from the Manipal Institute of Technology.

 Tushar joins STL from Infinera, where he handled key accounts and built deep and extensive relationships with customers across Telecom, Government and Technology sectors. Tushar has also extensively worked with large tech organisations like Lenovo, Huawei, Ciena in various sales and business development roles. Tushar holds a Bachelor of Engineering (Hons) from the University of Hertfordshire.

On these key appointments, Anand Agarwal, Group CEO, STL, said: “I am excited to welcome
Stephen, Luis, Mayur, and Tushar to the STL family. STL will benefit from their global experience and
domain expertise in driving our customer engagement through the Americas, Europe, and Asia. Our
customers worldwide depend on us now more than ever to drive end-to-end solutions for their
specific needs. I am sure these global domain leaders will help us continue to empower our customers
and execute our strategic growth plans.”