STL Grows Order Book to Rs. 8,535 Crore in Q3FY20 With Strong Growth Outlook

/ -- STL (NSE: STRTECH), a global data networks innovator, announced financial results for the third quarter ending December 31, 2019. The company continues to grow its healthy order book of Rs. 8,535 crore with a strong growth outlook.

Data growth is accelerating. Global data consumption will grow by 5-6x times in the next 5 years as all users and enterprise applications become data driven and the next 50% of the world comes online. Leading network creators are investing in this future.

5G commercial launches are already underway across major markets such as China, and the US, followed by large scale 5G roll outs in Europe expected by 2020.

Global cloud companies are investing more than ever towards building massive Hyperscale and Edge data centres.

The next phase of the Internet needs a ubiquitous, affordable and agile architecture. A new ecosystem has emerged that is open standards, software-driven and converged. STL is geared up to be a leader of the next generation ecosystem by innovating and delivering across all the layers of the data network.

Continuing the relentless pursuit for driving customer value
Enhancing technology prowess
Q3FY20 Financial Highlights
Revenue: Rs. 1,203 crore EBITDA: Rs. 247 crore PAT: Rs. 91 crore (excluding exception items) Order Book: Rs. 8,535 crore Exports at 31% of revenue
Commenting on the results, Dr. Anand Agarwal, Group CEO, STL, said, "Amidst long term data network growth, the market environment in 2019 witnessed uncertainty and sluggish growth on account of the economic downturn. Within this business environment globally, we increased our order book over the last quarter and have shown a 21% revenue growth (9-months YTD) as compared to last year. Our transformation from an optical fiber company to an end-to-end data networks integrator has significantly increased our overall addressable market. We continue to be extremely bullish and focused on our data network integration capabilities by investing in growth areas such as Data Centers and Wireless solutions."
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