Results Earnings Call for Q1FY23 of Sterlite Technologies Ltd.
Conference Call with Sterlite Technologies Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.25-07-2022
25-07-2022
Sterlite Tech posts consolidated loss of Rs 20 crore in June quarter
Broadband technology company Sterlite Technologies on Monday posted a consolidated loss of Rs 20 crore in the June 2022 quarter. The company said it had recorded a profit of Rs 116 crore in the same period a year ago. The consolidated revenue from operations of Sterlite Technologies increased to Rs 1,575 crore during the reported quarter compared to Rs 1,316 crore in the corresponding quarter last year. Nearly 62 per cent of the total revenue came from its focus markets of the US and Europe. The total order book of the company stood at Rs 11,200 crore at the end of the reported quarter. "With increased focus on efficiency and prudent capital management, we expect to sustain this positive momentum. As ubiquitous networks are built in this decade, we are fortunate to play a significant role in transforming billions of lives through digital networks," STL managing director Ankit Agarwal said in a statement. The company in July 2021 signed an agreement to acquire 100 per cent stake in25-07-2022
Q1FY23 Quarterly Result Announced for Sterlite Technologies Ltd.
Telecom Cables firm Sterlite Technologies Announced Q1FY23 Result : STL reports 20% YoY Revenue Growth; prepares for the future with INR 11,200 + cr Order Book 62% of revenues from focus markets Europe and US Records INR 1,575 cr revenue in Q1 FY23 Maintains a healthy OB of INR 11,200+ cr Commenting on the results, Ankit Agarwal, Managing Director, STL, said “Our global footprint, technology-led solutions, and effective supply chain management continue to be major contributors to our growth. With increased focus on efficiency and prudent capital management, we expect to sustain this positive momentum. As ubiquitous networks are built in this decade, we are fortunate to play a significant role in transforming billions of lives through digital networks." Result PDF25-07-2022
STERLITE TECHNOLOGIES LTD. - 532374 - Board Meeting Outcome for Outcome Of Board Meeting - Intimation Under Regulations 30, 33 And Other Applicable Provisions Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended (The 'Listing Regulations')
The meeting commenced at 9.00 a.m. and concluded at 1.10 p.m.25-07-2022
STERLITE TECHNOLOGIES LTD. - 532374 - Outcome Of Board Meeting - Intimation Under Regulations 30, 33 And Other Applicable Provisions Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended (The 'Listing Regulations')
With reference to our letter dated July 15, 2022, we wish to inform you that the Board of Directors of Sterlite Technologies Limited (the 'Company'), at its meeting held today i.e. on July 25, 2022, has approved, inter alia, unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2022. In this regard, please find enclosed: i. Press Release ii. Investors Presentation on Financial Results iii. Unaudited Consolidated and Standalone Financial Results iv. Limited Review Report on the aforesaid Financial Results The meeting commenced at 9.00 a.m. and concluded at 1.10 p.m. We request you to take the aforesaid on records25-07-2022
STERLITE TECHNOLOGIES LTD. - 532374 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we submit herewith a copy of newspaper advertisements published for the shareholders of the Company, in Business Standard (English) and Loksatta (Marathi), informing, inter alia, that: a) 23rd Annual General Meeting (AGM) is scheduled to be held on Friday, August 26, 2022 at 9:00 am IST through Video Conferencing/Other Audio-Visual Means without physical presence of members at common venue; b) Manner of dispatch of AGM notice and Annual report of FY 2021-22 and procedure for temporary registration of email address to receive the same; c) E-voting and Book Closure information; and d) Deduction of Tax at source on dividend, if any, declared at the AGM. The aforesaid advertisements will also be hosted on the website of the Company at www.stl.tech Kindly take the same on record.23-07-2022
STERLITE TECHNOLOGIES LTD. - 532374 - Intimation Of Book Closure- Notice
Pursuant to Regulation 42 of the Listing Regulations, we wish to inform you that the Register of Members and the Share Transfer Books of the Company will remain closed from Wednesday, August 24, 2022 to Friday, August 26, 2022. Kindly take this on record and acknowledge the same.22-07-2022
STERLITE TECHNOLOGIES LTD. - 532374 - Intimation Of Date Of 23Rd Annual General Meeting ('AGM') And Book Closure- Notice
This is to inform that the 23rd AGM of the Company will be held on Friday, August 26, 2022 at 9.00 A.M. (IST) through Video Conferencing ('VC') / Other Audio Visual Means ('OAVM') in compliance with the applicable provisions of the Companies Act, 2013, rules framed thereunder and the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ('Listing Regulations') read with Circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India from time to time. Pursuant to Regulation 42 of the Listing Regulations, we wish to inform you that the Register of Members and the Share Transfer Books of the Company will remain closed from Wednesday, August 24, 2022 to Friday, August 26, 2022. The cut-off date for E-voting is Friday, August 19, 2022. Kindly take this on record and acknowledge the same.22-07-2022
STERLITE TECHNOLOGIES LTD. - 532374 - Announcement under Regulation 30 (LODR)-Meeting Updates
In terms of the Company''s Employees Stock Option Scheme 2010 (ESOP 2010), the Nomination and Remuneration Committee of the Board of Directors in its meeting held on July 19, 2022 has granted to eligible employees the following a) 14,41,004 options exercisable into equal number of fully paid-up equity shares of the Company, at an exercise price of Rs. 2/- per option. These stock options shall vest over a period of five years and shall be capable of being exercised within a period of five years from the date of vesting. b) 72,280 options exercisable into equal number of fully paid-up equity shares of the Company, at an exercise price of Rs. 2/- per option. These stock options shall vest over a period of four years and shall be capable of being exercised within a period of five years from the date of vesting. We request you to take the aforesaid on records.20-07-2022
STERLITE TECHNOLOGIES LTD. - 532374 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
The Company is pleased to announce a deal with one of India's leading telecom operators. Pursuant to this arrangement, STL seeks to fulfil the telecom operator's requirement for setting up a high-performance, modern communication network in India. A copy of the Company's Press Release in this behalf, is enclosed herewith. Kindly take the above on record.19-07-2022