DSIJ Mindshare

Order book: As of June 30, 2023, the company’s order book stood at Rs 10,938 crore which is spread across its three business units- Optical Networking, Global Services, and Digital. The company's order book now exceeds Rs 11,000, including the most recent order whereas the company's current market cap is Rs 6,827 crore.

Quarterly Results: The net sales increased by 2.35 per cent to Rs 1,522 crore and net profit skyrocketed by 316.67 per cent to Rs 52 crore in Q1FY24 compared to Q1FY23. The company has been maintaining a healthy dividend payout of 30.20 per cent

As of June 30, 2023, the company’s order book stood at Rs 10,938 crore which is spread across its three business units- Optical Networking, Global Services, and Digital. The shares of the company saw a spurt in volume by more than 2.22 times on BSE.

Commenting on the company’s quarter performance, Ankit Agarwal, Managing Director, STL, said, “Amidst global challenges, we continue to drive our market presence and pursue our ambition to be among the world's top 3 optical companies. We are focused on long-term, sustainable growth and aim to deliver a 7 per cent to 9 per cent revenue increase this financial year while targeting a net debt to EBITDA ratio of less than 2.5 to further strengthen our financial position. With a proactive approach and an exceptional team, we embrace the future with optimism and stay agile to seize new opportunities in the dynamic market landscape.”

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.