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STL reports FY25 results; well-positioned to unlock growth

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Reports EBITDA of INR 146 Cr, highest in the last six quarters; 31% QoQ growth

MUMBAI, India, May 17, 2025 /PRNewswire/ — STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its financial results for the year ended 31 March, 2025. The Company reported revenues of INR 1052 Cr for the quarter and INR 3996 Cr for FY25 across its business units – Optical Networking and Digital. STL delivered EBITDA margins of 13.8% and EBITDA of INR 146 Cr, highest in the last six quarters.

With a focus on customer centricity, product innovation, and cost leadership, STL continues to be a partner of choice for the global Digital Infrastructure build. As we navigate evolving tariff dynamics, we remain focused on leveraging our global manufacturing footprint in the U.S., Europe, and India and diversified supplier partnerships to drive company performance. 

In Q4 FY25, Optical Networking Business reported a 26% revenue growth and 110% EBITDA as compared to Q4 FY24. This was driven by accelerating momentum in the Enterprise Connectivity and Data Centre Business and a ~22% attach rate in the Optical Connectivity Business (OC). Enterprise and Data Centre Business has seen robust demand in Europe and India as STL supported key players in these regions to expand their end customer connectivity solutions.

STL Digital – Achieved EBITDA positive for consecutive 2 quarters with a steady YoY revenue growth and a robust order book. STL Digital has strategic partnerships with 40+ technology companies and has acquired more than 25 global customers across India and the U.S.

Some key highlights for FY25

Global Services Business* – STL completed the demerger of its Global Services Business that transitioned from Sterlite Technologies (STL) to STL Networks Limited under the brand name ‘Invenia.’Our marquee wins – STL added diversified customers across geographies, forming deep partnerships with service providers like Archtop Fiber in the U.S., Connexin, Netomnia and Wyre in the UK and Europe, Vocus in Australia, du Telecom in MEA and Bharatnet and Vedanta in India.Product innovation and co-creation with customers – STL has aggressively driven product innovation, focusing on co-creation with customers and next-gen optical solutions with development of ultra-thin optical fibre of 160-micron, 180-micron and 864F Microcables, AI-led data centre solutions, Multi-core fibre (MCF) for quantum communications and silicon photonics, and Optical Connectivity portfolio for the U.S. STL also unveiled Rapid series of Optical products, compliant with the ‘Build America, Buy America’ (BABA) regulations. STL ended the year with a patent count of 740 with 76 new patents filed in FY25.Our Net Debt: Equity has improved to 0.68 times against 1.39 times post demerger and Post QIP (YoY).

“FY25 was marked by resilience and customer-focus. By doubling down on our core priorities—Customer and Cost Leadership—we not only sustained momentum but also laid the groundwork for future growth. The strengthening order pipeline and customer engagements signal a promising shift in market dynamics,” remarked Ankit Agarwal, Managing Director, STL. “The trifecta of AI-ready infrastructure, rural fiberisation, and data centre expansion will be the cornerstone of global digitalisation, and we’re are fully prepared with our extensive Connectivity solutions,” he added.

Financial highlights (INR Cr)

Financials**

INR Cr

FY25

FY24

Q4FY25

Q4FY24

Revenue

3996

4083

1052

843

EBITDA

452

527

146

44

**All financials are from continued operations

*Pursuant to receipt of necessary statutory approvals and in accordance with the Scheme of Arrangement between STL and STL Networks Limited, the Company has demerged its Global Service business effective March 31, 2025, as approved by NCLT. Consequently, the financial results of the Global Service business for the respective quarters and year ended March 31, 2025 and March 31, 2024 have been presented as discontinued operations to reflect the impact of this demerger.

About STL – Sterlite Technologies Ltd:

STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. Read more, Contact us, stl.tech | Twitter | LinkedIn | YouTube

For more information, contact:
Media Relations:
Shaily Rai Sinha
stl.communications@stl.tech

Investor Relations
Ajay Jhanjhari 
investor@stl.tech

Logo: https://mma.prnewswire.com/media/2259921/4968402/STL_Logo.jpg

 

View original content:https://www.prnewswire.com/in/news-releases/stl-reports-fy25-results-well-positioned-to-unlock-growth-302457858.html

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KeyStone Solutions Wins 2026 MSP 501 Vanguard Award for Innovation

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KeyStone Solutions, a managed IT and cybersecurity provider based in Cleveland, Tennessee, has won the 2026 MSP 501 Vanguard Award from Channel Partners and MSP Summit. The award recognizes managed service providers at the forefront of technology and service innovation.

CLEVELAND, Nov. 8, 2026 /PRNewswire-PRWeb/ — KeyStone Solutions, LLC has won the 2026 MSP 501 Vanguard Award from Channel Partners and MSP Summit. The award was presented Sept. 30 at the MSP 501 Gala during the MSP Summit in Orlando, Fla.

“Our team has done tremendous work over the last year to modernize and automate our service delivery.” Preston West, CEO, KeyStone Solutions

The MSP 501 Special Awards are application-based. A panel of industry leaders, including top global MSPs, analysts and past award recipients, judges each entry.

The Vanguard Award goes to a company at the forefront of technology and service innovation in the managed services channel, including AI, cybersecurity and cloud. Winners use original thinking to meet clients’ needs and to drive their own financial success.

“We are honored to be recognized. Our team has done tremendous work over the last year to modernize and automate our service delivery. I couldn’t be prouder of their hard work and their focus on the customer experience,” said Preston West, CEO of KeyStone Solutions.

“To qualify for the Vanguard award, companies had to document what they have done in terms of innovative and original thinking in meeting clients’ needs and how this has contributed to the company’s overall financial success,” said Dave Raffo, MSP 501 editor who oversees the awards process. “These are among the most innovative MSPs in the world.”

“The MSP 501 Special Awards represent the pinnacle of achievement in the managed services industry, recognizing organizations and individuals who have demonstrated extraordinary leadership, innovation, and impact,” said Robert DeMarzo, VP Content, Informa Channels, which conducts the MSP 501 survey each year.

About KeyStone Solutions, LLC

KeyStone Solutions is a managed IT and cybersecurity company based in Cleveland, Tennessee. Since 2006, KeyStone has worked as the IT department for hundreds of small and mid-sized businesses, with customers headquartered in 15 states. Its ITTaaS® (IT Team as a Service) offering delivers help desk support and cybersecurity, with optional vCISO and GRC services, and the company now provides AI services. KeyStone holds a SOC 2 Type II report and is a Microsoft 365 Solutions Partner. Learn more at keystone.solutions.

About Channel Partners, MSP Summit and the MSP 501

Channel Partners Conference & Expo and MSP Summit serve the global community of technology advisors, managed service providers, channel partners and technology suppliers, and run the MSP 501, which honors the world’s top-performing managed service providers. Learn more at themspsummit.com.

Media Contact

Richard King, KeyStone Solutions, 1 4234646424, rking@keystone.solutions, www.keystone.solutions

Dave Raffo, Informa, david.raffo@informa.com, informa.com

View original content:https://www.prweb.com/releases/keystone-solutions-wins-2026-msp-501-vanguard-award-for-innovation-302932350.html

SOURCE KeyStone Solutions

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Putting Young Innovators Center Stage: Leaders In Future Tech+ Wraps with ¥526 Million in Investment Intentions and 31 Enterprise Landings

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NANJING, China, Nov. 8, 2026 /PRNewswire/ — On November 7, the grand finale of Leaders In Future Tech+ — a documentary sci-tech innovation program jointly produced by China Media Group, the Ministry of Education, and the Nanjing Municipal People’s Government — aired as the Youth Innovation Carnival.

Since its October 3 premiere, the program traveled to 10 cities across China, selecting 100 teams of young innovators with an average age of just 28 from nearly 500 applicants. Fifteen finalists advanced to the finale, presenting breakthroughs spanning AI chips, optical interconnect, biomedicine, smart agriculture, and more.

To date, the program has facilitated ¥526 million in investment intentions covering 34 participating enterprises, and helped 31 companies reach landing agreements with 11 districts and counties of Nanjing.

At the carnival, the “Leaders In Future Tech+ Little Giant Transformation Plan” was launched, with 13 enterprises selected in the first batch to receive a five-module service system guiding them toward specialized, high-end development.

Behind these numbers is a media-driven innovation model: closed-door investment meetings were turned into open, transparent dialogues, connecting young innovators directly with venture capital firms, academicians, industry experts, and local governments — with the focus not on short-term commercial maturity, but on long-term growth potential.

The finale also showed how technology serves everyday life: non-invasive brain-computer interface demonstrations, low-cost bone-repair materials, and ultra-low-cost fresh-keeping cards that reduce agricultural loss — each a footnote to innovation with human warmth.

With Season One concluded, Season Two recruitment is now open to innovation teams nationwide via China Media Group’s official channels and the Yangshipin app (CMG Mobile). As the program’s message goes: put young innovators at center stage — and hand the future to innovation.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/putting-young-innovators-center-stage-leaders-in-future-tech-wraps-with-526-million-in-investment-intentions-and-31-enterprise-landings-302932710.html

SOURCE China Media Group

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GSMA MWC26 Doha opens with call to align on global industry standards and close MENA’s connectivity gap

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Operators, technology leaders, policymakers and innovators gather in Doha today for three days of exhibition, collaboration and debate on the future of connectivity across the Middle East and North Africa

DOHA, Qatar, Nov. 8, 2026 /PRNewswire/ — MWC26 Doha, held in partnership with Qatar’s Ministry of Communications and Information Technology (MCIT), opened today at Doha Exhibition and Convention Centre (DECC), bringing together connectivity ecosystem to shape the next phase of growth for a mobile economy forecast to add $470 billion to the Middle East and North Africa by 2030.

MWC26 Doha officially opened today, in presence of His Excellency Sheikh Saoud bin Abdulrahman bin Hassan bin Ali Al Thani, Deputy Prime Minister and Minister of State for Defence Affairs. His Excellency Mr. Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, State of Qatar delivered a welcome address.

In his opening remarks, H.E. Mr. Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, said: “The second edition of MWC Doha takes place at a time when the requirements of telecommunications infrastructure are undergoing fundamental change. As artificial intelligence advances towards executing tasks through intelligent agents, the need for more resilient networks and advanced computing capabilities continues to grow. At the same time, global challenges underscore the importance of diversifying connectivity routes and ensuring service continuity.”

GSMA Director General Vivek Badrinath and ITU Secretary-General Doreen Bogdan-Martin took to the stage for a fireside chat. Mr Badrinath set out the key priorities shaping the region’s connected future, with a continued commitment to global standards keeping networks and services interoperable across markets, as well as a renewed push to extend connectivity to populations that remain offline in MENA.

Vivek Badrinath, Director General, GSMA, said: “Progress only counts if everyone shares in it. That means two things: global standards that keep networks, services and devices working across borders, and a concerted effort to connect the people who are still offline. Over the next three days, MWC Doha, alongside its co-location with ITU’s PP-26, will bring together the policy makers, innovators and industry leaders setting these standards and building these networks, to help make this vision a reality. As the ITU Plenipotentiary continues, we are confident that the enhanced dialog which our co-location has allowed will feed into the important conversations taking place.”

SOURCE GSMA

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