Sterlite Tech order booking at Rs. 10,500 crore

Sterlite Technologies, a global data network solutions company has an order booking of Rs. 10,500 crore and this is 2.1 times the annual revenue.

The order booking has increased thanks to the increase in cloud network deployment, increased fiber deployment by telcos, defence modernisation and broadband acceleration in rural and urban areas. The company’s steady growth is a result of its strategic focus on offering data network solutions to an expanding global market of telcos, cloud companies, citizen networks and large enterprises.

According to Q4 FY’ 19 results, the company’s revenues reached Rs. 1,971 crore and PAT stood at Rs. 165 crore, up 47% YoY. The yearly revenues for FY19 stood at Rs. 5,087 crore, up 59% YoY and PAT stood at Rs. 563 crore, up 68% YoY.

The company won 35 new customers across all its customer segments, prominent ones being two of the world’s top cloud companies; several tier one telcos, including partnership for network creation for one of the world’s largest greenfield rollouts of 4G; and modernising the Indian Navy’s digital communications network. With this, India, Europe and LATAM now account for more than 90% of the company’s revenues.

The company has filed its highest-ever patents in a single year, taking its global patent filing count to 271. These filings protect the company’s deep technology investment in strategic areas. The company has also launched SPEL – India’s first technology lab for structured networking solutions.

With the acquisition of Metallurgica Bresciana in Italy, the company strengthened its position in Europe and acquired new product and customer portfolios. Meanwhile, its planned expansion with new Industry 4.0 plant at Aurangabad is ready to come online with 50 million fkm fibre capacity by June 2019, while it is on track to deliver its doubled fibre cable capacity of 33 million fkm by June 2020.

 

 

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