Q2 2025 Sterlite Technologies Ltd Earnings Call Transcript
Key Points
- Sterlite Technologies Ltd (BOM:532374) reported a healthy quarter-on-quarter revenue improvement, with Q2 FY25 revenue standing at INR1,413 crores.
- The company achieved its highest ever quarterly revenue for optical connectivity products, with an attach rate of 22%.
- Sterlite Technologies Ltd (BOM:532374) is focusing on rapidly building its data center portfolio, which is expected to contribute significantly to future revenues.
- The company has made significant progress in its ESG initiatives, including being the world's first optical fibre manufacturer to be zero liquid discharge certified.
- Sterlite Technologies Ltd (BOM:532374) has a robust order book of INR8,630 crore, indicating strong future business prospects.
- The company reported a year-on-year drop in revenue due to lower optical fibre cable volumes.
- Despite improvements, the EBITA margin remains lower on a year-on-year basis due to changes in product mix and lower OFC volumes.
- The US market has seen a reduction in quarterly revenue run rate, with current levels significantly lower than previous peaks.
- The demerger process of the global services business is still pending, with final NCLT order expected in Q3-Q4 FY25.
- Interest costs increased in Q2 to INR84 crores, partly due to one-off expenses related to bank approvals for the demerger.
I am Head of Investors Relations at STL.
We are joined by Ankit Agarwal Managing Director and CEO Optical Networking Business STL and Tushar Shroff Group CFO STL to walk us through the Q2 FY25 results. And to answer your questions, please note that all participant lines are in listen-only mode as of now. And there will be an opportunity for you to ask questions at the end of the presentation.
You can also download a copy of the presentation from our website that is www.STL.tech. Please note that this call is being recorded before we proceed with this call. I would like to add that some elements of today's presentation may be forward-looking in nature and may be based on management's belief and must be viewed in relation to the risk pertaining to the business. The safe harbour clause indicated in the presentation also applies to this conference call.
I now hand over the call to Ankit Agarwal for opening remarks over to you.
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