STL PAT jumps 156% to Rs 46 crore in Q1FY24

NEW DELHI: STL on Thursday reported a profit after tax (PAT) of Rs 46 crore in Q1FY24, up by 156% from Rs 18 crore in the corresponding quarter last year (Q1FY23), driven by strong demand for its optical fibre cables (OFC) in EMEA, APAC, and India.

“Amidst global challenges, we continue to drive our market presence and pursue our ambition to be among the world’s top 3 optical companies. We are focused on long-term, sustainable growth and aim to deliver a 7% to 9% revenue increase this financial year while targeting a net debt to EBITDA ratio of less than 2.5 to further strengthen our financial position,” said Ankit Agarwal, Managing Director, STL.