Sterlite Tech Q3 Review - Mixed Operating Performance In The Quarter: Yes Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Sterlite Technologies Ltd. reported revenue of Rs 13.5 billion, down 10% QoQ, led by one off provision of Rs 480 million in a old contract and some ramping up delay in few contracts.
Capacity utilisation was 75-80% for optic fibre business and 80-85% for optic fibre cable business.
North American revenue share has grown to 13% as of Q3 FY22. Investing in optical fibre capacity in South Carolina which would commence operation by Q2 FY23.
Reported Ebitda loss of Rs 507 million, led by lower revenue and one time provision of Rs 1.15 billion.
Sterlite Tech's order book grew to Rs 117 billion from Rs 115 billion as of Q2 FY22. Completed integration of Clearcomm Group as it ramped up its UK talent base to more than 150 employees.
Optical interconnect attach rate has grown to 14% in Q3 FY22 from 8% in Q2 FY22 and on way to achieve attach rate of 100%.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.