Mumbai Mumbai: STL (NSE: STLTECH), a leading optical and digital solutions provider, today announced its financial results for the quarter ended December 31, 2024. The Company reported revenue of Rs 1,261 crore for the quarter and a strong open order book of Rs 9,050 crore across its three business units – Optical Networking, Global Services and Digital.
STL showed strong resilience amid soft seasonal demand. Focusing on customer centricity, product innovation and cost leadership, STL delivered improved EBITDA margins year-on-year and recorded strong order bookings in the quarter.
Our ability to deliver purpose-engineered solutions including Optical Fibre Cable (OFC) and Optical Connectivity (OC) has driven the attach rate to 21% in the current quarter. The Optical Networking business (ONB) achieved top-line growth of 8% year-on-year with improved EBITDA margins. The business achieved significant wins from its diverse customer segment across geographies including the US and Europe. The company also won orders from key sectors such as railways in Europe and Fixed Wireless Access (FWA) deployment projects in India. With 10 manufacturing plants located close to key markets across 4 continents, STL is well positioned to capture future growth potential.
- Integrated Data Center Solutions – STL is uniquely positioned to provide integrated connectivity solutions for GPU-dense data centers in India, including optical cable, connectivity and interconnect offerings. STL recorded 22% of its quarterly ONB revenue from Data Center and Enterprise suite of products and is making steady progress towards achieving significant revenues in the medium term.
- New Product Development – STL continues to innovate for its customers, solving industry challenges such as limited duct space, faster deployment and simplified installation processes. By introducing an AI-based data center portfolio, fiber optic sensing (FOS) solutions with embedded NVIDIA Edge AI, and 7-core multicore fiber (MCF) for quantum computing and silicon photonics, STL has demonstrated its strong R&D capability. With a continued focus on next-generation connectivity solutions and customer-centric innovations, STL’s patent count stands at 740.
