Sterlite Technologies Q4 Results Review - Operating Performance Inline With Expectation: Yes Securities

"BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.Sterlite Technologies Ltd. reported inline operating performance for the quarter. Both, the sequential revenue growth and Ebitda margin were as per expectation. It reported revenue growth of 0.5% QoQ, led by 1.3% QoQ increase in Global networking segment; the global services segment declined by 7.6% QoQ as it continues to realign its services segment with higher focus on profitability. There was sequential improvement in Ebitda margin(up 76 basis points QoQ) led by control on direct cost. Order book was down 3% YoY to Rs 111 billion. Sterlite Technologies is expected to benefit from multi‐year digital creation cycle led by 5G, FTTx and fibre demand from hyperscalars. Also, optical cable prices are steady globally and provides revenue visibility. It has been gaining market share in global OFC market. The rise in revenue mix from international clients is in right direction. It plans to increase attach rate to 40% by Q4 FY25. We expect Ebitda margin to improve going ahead led by easing off certain cost pressure related to raw material and logistics. It has been able to pass some increase in cost to customers. The moderation in capex intensity will help to keep debt under control. We estimate revenue compound annual growth of 14.3% over FY23‐25E with average Ebitda margin of 15.8%..Click on the attachment to read the full report:.Amber Enterprises Q4 Results Review - Wallet Share Continues To Increase: Yes Securities.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Sterlite Technologies Q4 Results Review - Operating Performance Inline With Expectation: Yes Securities

Continues to gain market share in optical fibre cable market.

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Sterlite Technologies Q4 Results Review - Operating Performance Inline With Expectation: Yes Securities

Continues to gain market share in optical fibre cable market.

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