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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%.
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