STL says its order book stands at Rs 10,737 crore

STL has reported revenue of Rs 1,314 crore (+13 percent Q-o-Q), EBITDA of Rs 238 crore (+12 percent), PAT of Rs 87 crore (+48 percent) during the December quarter of 2020.
STL said its order book stands at Rs 10,737 crore.

STL recorded consistent revenue growth in comparison with both the past quarter and the same period last year. This revenue growth has been driven by all-time high volumes of optical fibre and cables through customer engagement and Improved pace of network deployment, through process automation and robotics investment in capabilities.

STL made investment in ASOCS to help drive virtual RAN solutions in early 2020. In addition, STL has enhanced its Opticonn solutions with the acquisition of Optotec – a Europe based leader of Optical Interconnect Products. This strengthens STL’s end-to-end Optical Connectivity portfolio, and increased the STL’s addressable market by $8-10 billion.

STL has committed Rs 300 crore to expand its optical fibre cable capacity from 18 to 33 million fibre kilometers. This expansion is on track for completion by June 2021.

STL recently hired Sandeep Girotra as the global sales head, and a range of leaders with deep expertise in the digital networks industry, core technologies, and key account management, across India, UK, and USA.