DSIJ Mindshare

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a slight gain of 16.41 points or 0.03 per cent.

The collaboration began in February 2021, when STL began providing Optical Networking Solutions to Windstream. Building upon this foundation, STL has expanded its offering set to provide advanced optical designs, such as high-fiber count Intelligently Bonded Ribbon and Flat ribbon, in addition to its loose tube optical cables.

According to the financials, the net sales increased by 3.59 per cent and the net profit increased by 127 per cent in Q4FY23 compared to Q4FY22. The net sales increased by 8.15 per cent in FY23 compared to FY22. The company reported a net profit of Rs 4.82 crore in FY23 whereas in FY22 it reported a net profit of Rs 5.76 crore, down by 16.22 per cent.

The company's quarterly results showed strong growth, with both net sales and net profit increasing significantly. Standalone net sales increased by 26.12 per cent to Rs 324.38 crore, while consolidated net sales increased by 26.43 per cent to Rs 414.34 crore.

Shares of the company have gained more than 70 per cent in the last six months.