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27 Years
4.4 Star
1 Crore +
Telecom Cables company Sterlite Technologies announced FY24 results:
FY24 Financial Highlights:
- Revenue: Rs 5,478 crore; decreased by Rs 1,447 crore from FY23's Rs 6,925 crore.
- EBITDA: Rs 627 crore; decreased by Rs 304 crore from FY23's Rs 931 crore.
- The company’s recent INR 1,000 crore fundraise with top global investors via a Qualified Institutional Placement (QIP) shows strong investor confidence in STL’s growth trajectory.
- FY24 also saw the company taking significant strides toward cash generation and debt reduction. With a ~3x QoQ increase in Q4 order volumes.
- STL Digital - Scaled business rapidly to achieve a 4.25x YoY revenue growth with a robust order book of Rs 660 crore.
Ankit Agarwal, Managing Director, STL said, "Stepping into FY25, the company leadership expressed confidence and excitement about its future prospects. FY24 had its challenges, but we were resilient in actioning our priorities on Customer, Cost, and Cash. We see the market turning gradually, and early signs of this are visible in our customer discussions and order volumes,”
“AI is bringing renewed excitement into the fibre space. We see 5G, fibre to the home, and data centre buildouts as the holy trinity of fiberisation for the years to come,” he added
FAQ’s on Sterlite Technologies Ltd Shares
