STL announced financial results for Q2 FY25, reporting revenues of INR 1,413 crore ($170 million) and an EBITDA of INR 151 crore ($18 million), reflecting quarter-over-quarter (QoQ) growth of 16% and 63%, respectively. This marks STL’s second consecutive quarter of growth, despite demand fluctuations. Sales of Optical Fibre Cable (OFC) and Optical Connectivity (OC) products gained momentum, with a 22% attach rate for Optical Connectivity. STL also secured its first BEAD order in the US, along with contracts from Netomnia in the UK, Archtop Fiber in the US, Du Telecom in MEA, and Connexin in the UK.
STL said it is prioritizingArtificial Intelligence (AI) and Data Centre (DC) solutions. The company launched an AI-powered network planning tool for Bharatnet and integrated AI into its Fibre Optic Sensing solutions. Other advancements included a 288-fiber microcable using 180-micron fiber and expanded offerings in the American market. STL’s patent count now stands at 730, and its new IT services branch, STL Digital, nears EBITDA breakeven. STL’s Roboedge program trained 12 champions who will compete at an international robotics event in Estonia.
• Q2 FY25 revenue: INR 1,413 crore ($170 million), EBITDA: INR 151 crore ($18 million)
• Achieved 16% revenue and 63% EBITDA QoQ growth
• 22% attach rate for Optical Connectivity solutions
• Secured first BEAD order in the US
• Launched AI-powered Bharatnet planning tool and advanced AI Fibre Optic Sensing
• Introduced a 288-fiber microcable and expanded offerings in the US
• STL Digital near EBITDA breakeven; 730 patents currently held“As demand returns to its normal course, we are fully geared up for long-term success,” said Ankit Agarwal, Managing Director, STL.
