The company’s EBITDA rose 27% year-over-year to Rs 2.69 billion during Q2 2021.
The revenue increased 30% year-over-year to Rs 15.08 billion, with about 43% contribution from Europe, and the Middle East (EMEA) region and about 12% contribution from the Americas, reflecting strong demand for its integrated digital network solutions, the company said in a statement.
“The world is witnessing massive network creation in the areas of 5G, FTTx and Open RAN with an increased focus on optical connectivity. This has led to rapid growth in fibre demand and a buoyant long-term outlook,” the Pune-based company added.
STL said it has a fibre capacity of 50 million fibre-kilometers and planned cable capacities of 42 million fibre-kilometers.
It also claims to have invested almost 3,5% of its revenues in R&D and launched a 5G R&D lab in the UK.
Its patent portfolio as of Q2 FY22 stood at 636. 5G wireless solutions and optical interconnect contributed to more than 50% of IP filings in the current quarter, as per the statement.
“With our eyes on the future, we have been taking some formative steps over the past few quarters. We have elevated our global leadership team, executed strategic M&A and launched disruptive solutions for programmable, optical and wireless networks. These steps are now translating into revenue growth,” said Ankit Agarwal, Managing Director, STL.