STL has released its financial results for quarter ended September 30, 2024. According to the company, its revenue increased to Rs 14.13 billion in second quarter (Q2) of financial year 2024-2025 (FY25) from Rs 12.18 billion in Q1 FY25, marking a 16 per cent quarter on quarter (QoQ) growth. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased to Rs 1.51 billion in Q2 FY25 from Rs 0.93 billion in Q1 FY25, recording a 63 per cent QoQ growth.

Further, STL focused on its key priorities of customer centricity, product innovation, and cost leadership. As a result, the company saw sales gaining momentum for the second consecutive quarter in both optical fibre cable (OFC) and optical connectivity (OC) portfolios. Combining its expertise in these two portfolios, the company co-developed solutions for its customers, reporting a 22 per cent OC attach rate in the current quarter.

STL also won its first BEAD order in US and a large deal with Netomnia in UK. Some other significant wins in first half (H1) FY25 include Archtop Fiber in US, Du Telecom in MEA, and Connexin in the UK.

Furthermore, the company kept artificial intelligence (AI) and data centres (DC) at the core of its new product development charter during H1 FY25. Progressing on its intent of entering the AI-DC segment, the company developed a strong Make-in-India portfolio anchored on its advanced intelligently bonded ribbon technology. This portfolio gathered interest from DCs and telecom players. In addition to this, STL embedded AI into its fibre optic sensing offering and also developed an AI-powered network planning tool for Bharatnet network design.

STL further accelerated its efforts in developing products that help mitigate challenges like limited duct space, speedy deployment, and easy, de-skilled installations. The company started to offer OC solutions (in addition to OFC) in the American market and launched an industry-leading 288-fibre micro cable with its 180-micron fibre.

Commenting on the results, Ankit Agarwal, managing director, STL, said, “As a company, we strongly believe in the power of persistent efforts and strong fundamentals. Our deep partnerships with customers, approach to building cable plus connectivity solutions, and conscientious efforts on costs have started to show in our performance. As demand returns to its normal course, we are fully geared up for long-term success.”