The company registered revenue of Rs1,160cr, while an EBITDA of Rs212cr was recorded in the quarter.
As of September 2020, the company's order book stood at Rs10,705cr.
“Our strong performance is a testament to the value we create for our customers by delivering solutions that enable them to achieve their current and future network requirements”, said Dr Anand Agarwal, Group CEO, STL.
He added, “Digital Network creators globally continue to invest aggressively in strengthening their current network, to increase reach and quality of their networks. Our strategic investments in building deep technology expertise, integrated digital network solutions, and global talent positions us strongly to address this market demand.”
Sterlite expects continued growth in Q3 and Q4 on a qoq basis, in accordance with the Vision 2023.
The company has also initiated the expansion of its optical fiber cables capacity from 18M to 33M fkm as the company’s strong customer engagement and solution offerings demonstrate positive long-term growth. The capacity expansion is expected to be complete by June 2021.
On Sensex, Sterlite's stock finished at Rs158.55 per piece up 4.48%.