Sterlite Technologies Ltd

Wyre's way of working is to team up with partners to deploy fibre across Flanders and Brussels in Belgium, all while staying conscious of their impact. This approach helps streamline the fibre roll-out and reduce disruptions caused by construction. To make this happen, Wyre looked for a design and manufacturing partner that could deliver practical, effective solutions aligned with their commitment to collaboration and thoughtful progress. Recognizing Wyre's requirements, STL stepped in with its agile design thinking approach and manufacturing capabilities. Wyre needed a compact, connectorized, and highly flexible connectivity solution tailored to its specific needs. STL's team worked closely with Wyre to co-develop a bespoke solution that aligned perfectly with Wyre's needs. In this partnership, STL, with its design innovation, will supply high-performance optical cables with high-fibre count and loose-tube designs, its signature OptoBlaze and OptoBolt products, and advanced solutions like 288F Closures. To make efficient and timely deliveries to Wyre, STL has partnered with Wirewave, a distributor of high-quality fibre-optic cables and infrastructure. Philip Cauwel, Head of Technology and Strategy at Wyre, said, At Wyre, we focus on working with partners who share our commitment to practical, impactful solutions. STL's expertise and collaborative approach are important in helping us deploy fiber across Flanders and Brussels efficiently while keeping our impact on communities and the environment in mind. This partnership is a great step in bringing high-speed connectivity to more people. Kurt Pleysier, CEO of Wirewave, said, 'We are proud to be a trusted partner for STL, ensuring seamless and timely deliveries to Wyre for their ambitious network deployment goals. Together with STL, we are committed to supporting Wyre's mission of delivering high-speed connectivity across Flanders.' Commenting on this partnership, Rahul Puri, CEO of STL's Optical Networking Business, said, For us, our customers are at the heart of everything we do. We are confident that our co-creation and co-innovation with Wyre will continue to thrive in the years ahead. By joining forces, we're able to deliver high-performance, future-ready networks that meet the ever-evolving demands of a digital-first world. Sterlite Technologies is a leading global optical and digital solutions company providing advanced offerings to build 5G, rural, FTTx, enterprise, and data centre networks. The company reported a consolidated net loss of Rs 24 crore in Q3 FY25 as against a net loss of Rs 14 crore posted in Q2 FY25. Revenue from operations declined 10.76% quarter on quarter (QoQ) to Rs 1,261 crore in the third quarter of FY25.Powered by Capital Market - Live

Sterlite Technologies (STL) announced its successful partnership with Wyre for supporting the development of their expansive multi gigabit Fibre-to-the-home (FTTH) network. Wyre's way of working is to team up with partners to deploy fibre across Flanders and Brussels in Belgium, all while 'staying conscious of their impact'. This approach helps streamline the fibre roll-out and reduce disruptions caused by construction. To make this happen, Wyre looked for a design and manufacturing partner that could deliver practical, effective solutions aligned with their commitment to collaboration and thoughtful progress. Recognising Wyre's requirements, STL stepped in with its agile design thinking approach and manufacturing capabilities. Wyre needed a compact, connectorized, and highly flexible connectivity solution tailored to its specific needs. STL's team worked closely with Wyre to co-develop a bespoke solution that aligned perfectly with Wyre's needs. With nearly two decades of experience in the region, a manufacturing base in Italy and a strong ethos of co creation with its customers, STL will cater to Wyre's need for broadband rollouts and high-performance networks. In this partnership, STL, with its design innovation, will supply high-performance optical cables with high-fibre count and loose-tube designs, its signature OptoBlaze and OptoBolt products, and advanced solutions like 288F Closures. To make efficient and timely deliveries to Wyre, STL has partnered with Wirewave, a distributor of high-quality fibre-optic cables and infrastructure.Powered by Capital Market - Live

The headline equity indices erased all gains and traded with modest losses in mid-afternoon trade. The Nifty traded below the 22,500 level after hitting the day's high of 22,676.75 in the morning trade. Oil and gas shares declined after advancing in the past four consecutive trading sessions. At 14:30 IST, the barometer index, the S&P BSE Sensex, declined 168.02 points or 0.23% to 74,164.56. The Nifty 50 index lost 77.70 points or 0.34%, to 22,474.80. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slipped 1.39% and the S&P BSE Small-Cap index fell 1.97%. The market breadth was weak. On the BSE, 1,242 shares rose and 2,778 shares fell. A total of 161 shares were unchanged. Economy: India's forex reserves dropped by $1.781 billion to $638.698 billion in the week ended February 28, the RBI said on Friday. Foreign currency assets, a major component of the reserves, decreased by $493 million to $543.35 billion. Gold reserves decreased by $1.304 billion to $73.272 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by $27 million to $17.998 billion, the apex bank said. India's reserve position with the IMF fell by $12 million to $4.078 billion in the reporting week, the apex bank data showed. Buzzing Index: The Nifty Oil & Gas index fell 1.63% to 9,937.15. The index jumped 6.18% in past four consecutive trading sessions. Oil & Natural Gas Corpn (down 3.39%), Indian Oil Corporation (down 2.36%), Indraprastha Gas (down 2.24%), Castrol India (down 1.99%), Petronet LNG (down 1.87%), GAIL (India) (down 1.79%), Oil India (down 1.78%), Gujarat State Petronet (down 1.77%), Gujarat Gas (down 1.43%) and Hindustan Petroleum Corporation (down 1.40%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper was up 1.95% to 6.810 as compared with previous close 6.680. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 87.3050, compared with its close of 87.9550 during the previous trading session. MCX Gold futures for 4 April 2025 settlement fell 0.13% to Rs 85,765. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.12% to 103.96. The United States 10-year bond yield fell 1.64% to 4.247. In the commodities market, Brent crude for May 2025 settlement shed 03 cents, or 0.04% to $70.33 a barrel. Stocks in Spotlight: Sterlite Technologies dropped 3.55% after the company informed that Tushar Shroff, chief financial officer (CFO) and key managerial personnel of the company, has tendered his resignation, effective from 31 March 2025. B R Goyal Infrastructure shed 0.79%. The company announced that it had received a work order worth Rs 11.27 crore from Bhavnagar Municipal Corporation for the construction of a four-lane road. Active Clothing Co hit an upper limit of 5% after the company announced its plan to raise funds via a preferential allotment of 5 lakh warrants. Powered by Capital Market - Live

In an exchange filing, the company stated that Shroff submitted his resignation letter on 7 March 2025, citing his decision to pursue career opportunities outside the company. His resignation will be effective from the close of business hours on Monday, 31 March 2025. The company expressed its appreciation for the contributions made by Tushar Shroff during his tenure as CFO and wished him all the best for his future endeavors. The company also confirmed that it is in the process of appointing a new CFO, with further details to be shared with the exchanges in due course. The official announcement was made on Friday, 7 March 2025, after market hours. Sterlite Technologies is a leading global optical and digital solutions company providing advanced offerings to build 5G, rural, FTTx, enterprise, and data centre networks. The company reported a consolidated net loss of Rs 24 crore in Q3 FY25 as against a net loss of Rs 14 crore posted in Q2 FY25. Revenue from operations declined 10.76% quarter on quarter (QoQ) to Rs 1,261 crore in the third quarter of FY25. Powered by Capital Market - Live

Sterlite Technologies announced that CRISIL has affirmed the credit rating of CRISIL AA-; CRISIL A1 while maintaining a rating watch with developing implications. Powered by Capital Market - Live

Sterlite Technologies announced the addition of new leaders across the business and functions.The optical networking industry is undergoing a significant phase of large-scale digital infrastructure buildouts across the globe, like Bharatnet in India and federally-funded broadband infrastructure projects under the Broadband Equity, Access, and Deployment (BEAD) Program in the United States. STL is strategically expanding its capabilities across its key global businesses with a continued focus on customer-centricity and innovation. With their extensive experience and expertise, new leaders will play a critical role in strengthening STL's customer relationships and laying a robust foundation for sustainable growth in the years ahead. Pankaj Malik has been appointed as an interim Chief Executive Officer of STL's Global Services Business. Pankaj has over 27 years for extensive experience in strategic operations, digital transformations, and stakeholder management, with 20 years in the telecom sector. His diverse leadership background includes notable companies such as Philips India, Vodafone Idea, Bharti Airtel, G4S Secure Solutions, and Crest Digitel. Before joining STL, Pankaj worked as the COO at Crest Digitel, where he played a pivotal role in managing and overseeing operations across 22 telecom circles. Pankaj holds a Master's degree in International Marketing from IIEIM and a Bachelor's degree in Commerce (Accounting and Finance) from Delhi University. Jeric McCoy has joined as Vice President of Sales for Sterlite Technologies Inc. (STI), a US subsidiary of STL. He brings over 25 years of extensive experience in the Outside Plant (OSP) market, having held progressive leadership positions with companies like Raychem, AFL, Prysmian, and Superior Essex. Throughout his career, Jeric has successfully developed and managed comprehensive product portfolios, serving diverse customer bases across the U.S. with strengths in market pricing and distribution models. Jeric will report to Stephen Szymanski, Regional Sales Head, STIPowered by Capital Market - Live

Revenue from operations declined 10.76% quarter on quarter (QoQ) to Rs 1,261 crore in the third quarter of FY25. The firm posted a pre-tax loss of Rs 34 crore in Q3 FY25 compared to a pre-tax loss of Rs 16 crore for Q2 FY25. EBITDA decreased by 11.92% to Rs 133 crore in Q3 FY25 from Rs 151 crore in Q2 FY25. EBITDA margin reduced to 10.5% in Q3 FY25 as against 10.7% in Q2 FY25. The company credited the growth to its Optical Networking Business (ONB), which achieved approximately 8% YoY revenue growth alongside improved profitability. STL's open order book stood at Rs 9,050 crore, supported by its three key segments: optical networking, global services, and digital. The company said that it has made strides in sustainability, installing 4,523 kW solar panels at its Aurangabad and Silvassa plants to reduce its carbon footprint. Ankit Agarwal, managing director, STL, said, 'We are well positioned to capitalise on opportunities in the evolving market landscape with our focus on new product development, diversified customer segments, and key global markets. Our data centre and enterprise product portfolio continues to gain traction, driving increased customer interest and market adoption.' Sterlite Technologies is a leading global optical and digital solutions company providing advanced offerings to build 5G, rural, FTTx, enterprise, and data centre networks.Powered by Capital Market - Live

Revenue from operations declined 10.76% quarter on quarter (QoQ) to Rs 1,261 crore in the third quarter of FY25. The firm posted a pre-tax loss of Rs 34 crore in Q3 FY25 compared to a pre-tax loss of Rs 16 crore for Q2 FY25. EBITDA decreased by 11.92% to Rs 133 crore in Q3 FY25 from Rs 151 crore in Q2 FY25. EBITDA margin reduced to 10.5% in Q3 FY25 as against 10.7% in Q2 FY25. The company credited the growth to its Optical Networking Business (ONB), which achieved approximately 8% YoY revenue growth alongside improved profitability. STL's open order book stood at Rs 9,050 crore, supported by its three key segments: optical networking, global services, and digital. The company said that it has made strides in sustainability, installing 4,523 kW solar panels at its Aurangabad and Silvassa plants to reduce its carbon footprint. Ankit Agarwal, managing director, STL, said, 'We are well positioned to capitalise on opportunities in the evolving market landscape with our focus on new product development, diversified customer segments, and key global markets. Our data centre and enterprise product portfolio continues to gain traction, driving increased customer interest and market adoption.' Sterlite Technologies is a leading global optical and digital solutions company providing advanced offerings to build 5G, rural, FTTx, enterprise, and data centre networks. The scrip added 1.83% to end at Rs 111.55 on Friday, 18 January 2025.Powered by Capital Market - Live

Net Loss of Sterlite Technologies reported to Rs 24.00 crore in the quarter ended December 2024 as against net loss of Rs 57.00 crore during the previous quarter ended December 2023. Sales declined 4.61% to Rs 1261.00 crore in the quarter ended December 2024 as against Rs 1322.00 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1261.001322.00 -5 OPM %10.156.81 - PBDT50.0016.00 213 PBT-34.00-68.00 50 NP-24.00-57.00 58 Powered by Capital Market - Live

Sterlite Technologies has allotted 32,115 equity shares under ESOP. Post allotment, the paid up equity share capital has increased to 487,845,670 equity shares from 487,813,555 equity shares. Powered by Capital Market - Live