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Some Key points from Sterlite Technology Q1 FY 2021 presentation
1/n: Chinese Companies added 22Mn subscriber for 5G while Deutsche Telekom added 16Mn Customers. Opportunities growing at speed much higher than pre-COVID
@oraunak @drprashantmish6
1/n: Chinese Companies added 22Mn subscriber for 5G while Deutsche Telekom added 16Mn Customers. Opportunities growing at speed much higher than pre-COVID
@oraunak @drprashantmish6
2/n: Due to geopolitical changes, STL has been seeing a move away from Chinese Manufacturers for Orders in Europe and USA. While India is also looking to increase its manufacturing and Technical capability for domestic demand as well as exports.
3/n: STL is ready to deploy high-tech solutions both from the side of Hardware as well Software perspective to India as well abroad. They have moved from roughly 0.5 % R&D expenditure to 2% as compared to FY 2019. Their patents have doubled Y-o-Y
4/n: Their performance was sharply affected this quarter due to extended lockdown. They could only start ongoing projects at Mid-May while at a full pace only in June while manufacturing began in April end. Revenue fell to 876 crores, and PAT declined to just 6 crores.
5/n: Situation will become more evident in the next 2-3 quarters as lock-downs are entirely lifted up.STL feels that they are on the track to achieve 10k crores Revenue by FY 23 and they have various measures at a place to achieve this target
6/n H2 of FY21 is expected to be much better than H2 of FY 20. They are looking for operating margins in the range of 18-20%(was 20% in FY20 and 15% in Q1-FY21). While ROCE of greater than 20% in their new investments or acquisitions
7/n: They are forming deep customer relations and moved much ahead to provide end-to-end solutions(network Softwares, fibre and related products) from simple fibre deployment in the last 4-5 years.
8/n: STL is working on 1000cr+ project for FTTH for a telecom operator in India. In regards to Jio, they have been working closely with Reliance since it's first started their operation
9/n: The price for fibre for China Mobile tender has fallen 20-25% from last year. 32 players are competing for this bid, but as you go down for end to end solutions, players significantly reduced.
n/n: 7% Market share in Vanilla fibre deployment, looking to increase to 10% while the focus remains to provide a complete package and plethora options for customers to choose from their intensive portfolio. Open participation funnel increased from 7k crores to 10k crores this Q1
