PR94143

MUMBAI, India, January 19, 2022, /PRNewswire=KYODO JBN/ --

    - Establishes new base for optical business in the US with orders of ~Rs 3

Bn

    - Establishes new revenue stream of Optical Interconnect with orders worth

~Rs 7 Bn

   STL (NSE: STLTECH), an industry leading integrator of digital networks,

announced its financial results for the quarter ended December 31, 2021. With

its focused global expansion strategy, STL reached a robust order book of Rs

117 Bn and recorded revenues of Rs 13.6 Bn.

   Over the past few quarters, STL took some bold bets to drive aggressive

growth in this decade of network creation. The company affirmed that many of

its strategic investments have converted into large scale revenues and new

technologies have become market ready. At this pivotal point in its journey

towards scalability, STL inducted global business builders as CEOs for its

Optical, Wireless, Services and Software businesses. STL also charted its

course for becoming a Net-Zero company by 2030, and launched an integrated 5G

offering to cater to the global demand.

   Strategic investments turn revenue generating:

    - Optical Interconnect delivers big revenue - STL made great headway in

this new product line of Optical Interconnect, winning multi-year contracts

across Europe, cumulatively valued at over ~Rs 7 Bn. The company also expanded

its footprint in the US with 5G-ready optical products, winning new orders to

the tune of ~Rs 3 Bn

    - System Integration scales in the UK -  The company also took some strides

in its Integration business as it ramped up its UK talent base to more than 150

employees and 20 strategic partners. This greatly enhances STL's  fibre

deployment capabilities in the UK

    - New markets deliver greater traction - With its global expansion

strategy, STL grew its business in its focus markets with ~41% coming in from

Europe and Middle East and ~12% from Americas

   New technology ventures ready to scale:

   - 5G portfolio becomes market-ready - 5G Wireless solutions, which opened up

a target addressable market of $5 Bn for the company, made significant progress

in this quarter, to reach closer to revenue generation. This quarter saw the

company announcing General Availability for its Indoor small cells (Garuda) and

programmable FTTx offering. STL also won a pilot order for its indoor small

cells with ASOCS and ramped up its radio engineering talent to more than 300

people

    Since the past several quarters, STL has been gravitating towards an

integrated solutions model. This strategy is now showing results as the company

clocked integrated orders with optical solutions and deployment with key

players across the UK and India. While delivering on these strategic pillars,

STL continued to build intellectual property across businesses. The company

filed 41 new patents this quarter, taking its global patent count to 678.

   Key financial highlights Q3'FY22 (Rs Bn.)

   - Order Book: 117

   - Revenue: 13.6

   - EBITDA: (0.35)

   - PAT: (1.37)

   Excited about this decade of network creation, Ankit Agarwal, Managing

Director, STL, remarked, "With some fundamental strategic shifts, STL is

rapidly progressing towards its ambition of building future-ready digital

networks globally. We have brought together a highly ambitious and credible

leadership and deep technology expertise across optical and wireless networks.

We are confident that, in the near future, we will deliver the most advanced

solutions in the areas of 5G, FTTx and rural connectivity and transform

billions of lives through digital networks."

   About STL

   STL is an industry-leading integrator of digital networks that helps telcos,

cloud companies, citizen networks and large enterprises deliver enhanced

experiences to their customers.

   Read more [https://www.stl.tech/], Contact us

[https://www.stl.tech/press_release.html].

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LinkedIn [https://www.linkedin.com/company/sterlite-technologies-ltd-/] |

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    Photo: https://mma.prnewswire.com/media/1729613/5G_Portfolio.jpg

    Logo:

https://mma.prnewswire.com/media/876464/Sterlite_Technologies_STL_New_Logo.jpg

   Source: Sterlite Technologies Ltd. (STL)