STL has released its financial results for the quarter ended (QE) December, 31 2024. The company reported revenues of Rs 12.61 billion for third quarter (Q3) of financial year 2024-2025 (FY25) against Rs 13.22 billion in Q3 FY24. Despite seasonal demand softness, the company also presented an open order book of Rs 90.5 billion across its three business units namely optical networking, global services, and digital. Meanwhile, company’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased from Rs 1.09 billion to Rs 1.33 billion in the reporting period.
Further, company’s optical networking business (ONB) achieved approximately eight per cent year-on-year (YoY) growth with improved EBITDA margins and recorded approximately 22 per cent of its quarterly ONB revenues from the data centre and enterprise suite of products. The business saw significant wins from its diversified customer segment across geographies, including the US and Europe. The company also won orders from key sectors like railways in Europe and fixed wireless access (FWA) deployment projects in India.
Furthermore, STL incorporated an artificial intelligence (AI)-led data centre portfolio, fibre optic sensing (FOS) solutions with embedded NVIDIA Edge AI, and introduced 70 million multicore fibre (MCF) for quantum computing and silicon photonics. Moreover, STL Global Services Business won the J&K package of BharatNet, valued at approximately Rs 26 billion. The demerger continued to progress as per the timeline.
STL Digital achieved EBITDA breakeven, with a strong focus on customer satisfaction, delivery excellence, and profitable growth. STL Digital also executed the VRISE program for Vedanta, migrating their eight business units to a unified SAP Cloud platform in a record time of 6.5 months.
In addition, STL installed 4,523 kW solar panels across its plants in Aurangabad and Silvassa to reduce its carbon footprint. Its hybrid healthcare program, Swashthya Suraksha, across Aurangabad, Gadhchiroli, and Nandurbar districts, impacted more than 2.6 million lives. The company continued to focus on other initiatives to promote a circular economy and maintain the ecosystem in the communities.
Commenting on the results, Ankit Agarwal, managing director, STL, said, “We are well positioned to capitalise on opportunities in the evolving market landscape with our focus on new product development, diversified customer segments and key markets across the globe. Our data centre and enterprise product portfolio continue to gain higher traction, driving increased customer interest and market adoption. We will continue to drive value for our customers, strengthening our position as leaders in cost efficiency and product innovation.”
