Sterlite Technologies Limited. - Interim / Quarterly Report 2021

www.stl.tech

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July 23, 2020

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BSE Limited National Stock Exchange of India Ltd Corporate Relations Department Exchange Plaza, 5[th] Floor, 1[st] Floor, New Trading Ring, Plot. C/1, G‐Block, Bandra‐Kurla Phiroze Jeejeebhoy Towers, Complex, Bandra (East), Dalal Street, Mumbai 400 001 Mumbai 400 051

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Scrip Code: 532374; Scrip ID: STRTECH

Symbol: STRTECH

Dear Sirs,

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Sub: Intimation under Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

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With reference to our letter dated July 15, 2020 we wish to inform you that the Board of Directors (the “Board”) of Sterlite Technologies Limited (the “Company”) at its meeting held on July 23, 2020, has approved, Un‐audited Financial Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2020.

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In this regard, please find enclosed:

(i) Press Release and Investor Presentation on Financial Results.
(ii) Un‐audited Consolidated and Standalone Financial Results; and
(iii) Limited Review Report on the aforesaid Quarterly Financial Result

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We request you to take the aforesaid on records.

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Thanking you.

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Yours sincerely,

For Sterlite Technologies Limited

SIGN

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Amit Deshpande Company Secretary & Corporate General Counsel (ACS 17551)

Enclosures: As above

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Sterlite Technologies Limited Godrej Millennium, 9 Koregoan Road, Pune 411001, Maharashtra, India Registered office: E1, MIDC Industrial Area, Aurangabad - 431 136, Maharashtra, India . CIN - L31300MH2000PLC69261

Sterlite Technologies Limited Godrej Millennium, 9, Koregoan Road, Pune 411 001, Maharashtra, India Phone: +91-20-30514000 Fax: +91-20-30514113 www.stl.tech

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PRESS RELEASE

FOR IMMEDIATE DISSEMINATION

STL sets up end-to-end 5G Ecosystem with its strong portfolio of optical fibers and wireless technologies

Plans to double revenues to Rs. 10,000 crores in the next 3 years
- Operational normalcy restored back to pre-Covid levels

Pune, India – July 23, 2020 : STL [NSE: STRTECH], an industry leading integrator of digital networks, today announced financial results for the first quarter ended June 30, 2020. The company recorded a strong cumulative order book of over Rs. 10,300 crore and revenues of Rs. 876 crore. While the revenues for the quarter were affected by lockdowns in various parts of the globe due to the Covid-19 pandemic, the company’s performance showcased a balanced focus on employee well-being and supporting customers with resilience and adaptability. STL is proud of its role in upgrading and maintaining the digital lifeline connecting the world for its customers.

During this period, STL has further invested in building a one-of-a-kind end-to-end Digital networks ecosystem, including next-gen optical and wireless (5G) portfolio for all markets. Subsequently global, marquee network creators are actively discussing large scale engagements with STL for 5G networks, FTTH rollouts, Data centers, and network modernisation.

Earlier this month, at STLescope 2020, STL announced Vision 2023 to investors and analysts. Over the next-3 year, STL plans to:

(a) double the revenue to Rs. 10,000 crore,
(b) reduce the net debt to equity by half to 0.5, and
(c) deliver a Return on Capital Employed (RoCE) above 20%.

This comes with the backdrop of a credible performance - doubling of revenues in the last 3 years.

Industry at Inflection Point

As remote working becomes the new norm, the shift to digital is now permanent. Globally, internet traffic has increased significantly, and the demand for data connectivity continues to grow exponentially. The current digital infrastructure is not primed to manage this sudden spike in web traffic, so a completely new architecture is evolving - the Next-Gen Digital Network. These virtualised networks will be software-driven, disaggregated, converged, fibre rich, and close to the Edge.

Digital service providers and cloud companies globally have accelerated their plans to bring these digital networks to the market, while they continue to invest in modernising the current networks.

STL, with its unique value proposition – 25 years in optical connectivity, large-scale digital network integration, and virtualised wireless capabilities, is gaining global prominence as a leading integrator of digital networks.

Sterlite Technologies Limited Godrej Millennium, 9, Koregoan Road, Pune 411 001, Maharashtra, India Phone: +91-20-30514000 Fax: +91-20-30514113 www.stl.tech

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Empowering Customers to realise their Vision

In the current times, as connectivity becomes an essential service like food, water and electricity, STL continues to support its customers relentlessly by delivering end-to-end solutions for their fixed and wireless networks:

Scaling up on execution: Delivered Intrusion proof smarter network for the Indian Army and made our borders more secure. Almost 82% of the Mahanet project delivered with network infrastructure deployment to over 3500 gram panchayats.
Plant Operations back to pre-Covid levels : Operational normalcy restored almost to a full extent across all facilities in India, Brazil, China and Italy.
Winning new opportunities: Awarded multi-million dollar contracts in the UK, Africa, Middle East, Italy, and Russia. Secured new orders from global digital service providers. Cumulative Order Book of over Rs. 10,300 crores.
Investing in Technology: Continued investments in technologies and increased global patent portfolio to 376, for optical connectivity, network services, and virtualized access solutions.
Focusing on social responsibilities: Achieved 94% on the EcoVadis Business Sustainability Assessment. Delivered quality healthcare to almost 2000 tribals, amidst global crises and lockdown. Won the India CSR Award for Excellence in Corporate Social Responsibility for the second consecutive year.

Leading one-of-a-kind 5G Ecosystem

STL continues to strengthen the Make in India 5G ecosystem by investing in technology and assembling an ecosystem of partners in hardware manufacturing, cloud computing, and academia. The ecosystem will create the Next-Gen Digital Network by bringing together four specialised technological confluences – (i) wired and wireless (ii) software and hardware (iii) connectivity and compute, and (iv) open source - all at the edge of the network. This network will bring the scale and quality to bring affordable Internet to the world.

Q1FY21 Financial Highlights

Revenue: Rs. 876 crore EBITDA: Rs. 131 crore

PAT: Rs. 6 crore Order Book: Rs.10,312 crore Exports at 51% of revenue

“Digital disruption is the new normal, and the world is embracing the changes that come with it. New ways of working, new business models and new opportunities are emerging. We are seeing the current telecom infrastructure evolving to a new digital network architecture - virtual, converged, disaggregated, and close to the Edge”, said Dr. Anand Agarwal, Group CEO, STL . He added , “As our customers are swiftly advancing towards creating these new digital networks, we are uniquely positioned with our 5G Ecosystem and digital network integration capabilities, to deliver these next-gen digital networks for our customers globally”.

To know more about the company’s strategy and Q1FY21 results, please log in to Analyst Call today at 16.00 IST.

Sterlite Technologies Limited Godrej Millennium, 9, Koregoan Road, Pune 411 001, Maharashtra, India Phone: +91-20-30514000 Fax: +91-20-30514113 www.stl.tech

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About Sterlite Technologies Ltd - STL

STL is an industry-leading integrator of digital networks.

We design and integrate these digital networks for our customers. With core capabilities in Optical Interconnect, Virtualised Access Solutions, Network Software and System Integration, we are the industry’s leading end-to-end solutions provider for global digital networks. We partner with global telecom companies, cloud companies, citizen networks and large enterprises to deliver solutions for their fixed and wireless networks for current and future needs.

We believe in harnessing technology to create a world with next generation connected experiences that transform everyday living. With intense focus on end-to-end network solutions development, we conduct fundamental research in next-generation network applications at our Centre of Excellence. STL has a strong global presence with next-gen optical preform, fibre and cable manufacturing facilities in India, Italy, China and Brazil, along with two software-development center’s across India and one data Centre design facility in the UK.

STL.tech |Twitter | LinkedIn | YouTube

For more information, contact:

Media Relations Vinay Rawat Phone:+91. 8669981631 [email protected]	Guneet Kaur Phone: +91-8968909392 [email protected]	Investor Relations Pankaj Dhawan Phone: +91. 8130788887 [email protected]

Earnings Call Q1 FY’21

Safe Harbour

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Certain words and statements in this communication concerning Sterlite Technologies Limited (“the Company”) and its prospects, and other statements relating to the Company’s expected financial position, business strategy, the future development of the Company’s operations and the general economy in India & global markets, are forward looking statements.

Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company, or industry results, to differ materially from those expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future.

The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of the Company’s industry, and changes in general economic, business and credit conditions in India.

The information contained in this presentation is only current as of its date and has not been independently verified. No express or implied representation or warranty is made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in this presentation. None of the Company or any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. Furthermore, no person is authorized to give any information or make any representation which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company.

The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes.

Persons should consult their own financial or tax adviser if in doubt about the treatment of the transaction for themselves

These materials are confidential, are being given solely for your information and for your use, and may not be copied, reproduced or redistributed to any other person in any manner. The distribution of this presentation in certain jurisdictions may be restricted by law. Accordingly, any persons in possession of this presentation should inform themselves about and observe any such restrictions

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Dr. Anand Agarwal

Group CEO and Whole Time Director

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1 2 3 4 5 STLeScope 2020 - Q1 has validated STL is Our Financial Q&A A vision for 2023 our digital network at the centre of Performance - on world-view these developments track for Vision 2023

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An unprecedented decade of digital network creation has started

There is a high degree of urgency b to build these networks

Unprecedented growth a happening in digital networks

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Exponential Growth 12
9.97
Global IP Traffic Growth in Zettabytes10
7.76
8
6.04
6 4.70
3.82
3.04
4
2.41
1.87
1.40
2 0.34 0.46 0.60 0.72 0.87 1.06
0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
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All network creators are investing heavily in digital infrastructure
PE investments in the range of billions of dollars

We see a decade long* digital network creation cycle

These digital networks have to These networks will be built in d reach everyone at scale and quality a fundamentally different way

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c
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4-5X Internet Mobile traffic
SCALE
more digital lanes
Millions of new users
REACH
more digital kilometres
4-5X Mobile Data speeds
QUALITY superior speeds, response
(copper + wireless  fibre)
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* accelerated by the new normal

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Close to the Edge
EDGE At the Edge
Seamless Wired & Wireless
Optical & Radio
CONVERGED
Enhanced Experience Connectivity & Compute
COMPUTE
Agile, Scalable, Agnostic Hardware & Software
DISAGGREGATED
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Over the last 25 years, we have systematically built a unique set of capabilities

LARGE SCALE NETWORKS SYSTEM INTEGRATION 10 Years Network Design & Integration Solutions

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VIRTUALIZED
OPTICAL
STL can
INTERCONNECT WIRELESS
(SOFTWARE, CLOUD) Digital Network Integrate all
these
Integrator
Technologies
25 years 3 years
Extraordinary track record Strategic alliances and
Globally respected product development
Close to the Edge
EDGE At the Edge
STL can integrate
Seamless Wired & Wireless
CONVERGED Optical & Radio all these
Enhanced Experience
COMPUTE Connectivity & Compute technologies
Agile, Scalable, Agnostic
DISAGGREGATED Hardware & Software
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||||||
|---|---|---|---|---|
|Our future roadmap is built on these 5 strategic pillars|
|1|2|3|4|5|
|Technology-led|Key Accounts|Large – Scale|Ecosystem|Top Talent and|
|E2E Solutions|Management|Complex|Alliances and|Culture|
|Integration|Investments|
|Increasing market|Target 20 KAMs|Developing better|Increase Addressable|Drive good returns|
|share by integrated|globally|integration practices|Capex through|to our stakeholders|
|technology|strategic|/community|
|investments|

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1 2 STLeScope 2020 - Q1 has validated A vision for 2023 our digital network world-view

3 4 5 STL is Our Financial Q&A at the centre of Performance - on these developments track for Vision 2023

Digital networks are attracting investments at scale

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All Network Creators Investing Heavily in Digital Infrastructure…

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TELECOM OPERATORS
May 2020 May 2020 March 2020 June 2020
China mobile to invest $14 Bn BT to invest $12 Bn in Verizon to invest $18.5 Bn Airtel to double its fixed line
in building digital building 5G and next to accelerate its 5G plans penetration in next three
infrastructure enabling faster generation full fibre globally years
5G Connectivity broadband across the UK
CLOUD COMPANIES LARGE ENTERPRISES CITIZEN NETWORKS
May 2020 March 2020 April 2020
Microsoft to invest $15 Bn Google to invest $10 Bn Enterprise spectrum sees huge Indian Govt. aims to provide
to accelerate digital in US offices and data demand in US, UK, Germany, 5,00,000 FTTH connections by
transformation in Italy centres in 2020 Sept 2020 (part of BharatNet)
including its first data Many companies have applied
centre region Sets up a us $10 billion to set up local 5G networks. FCC, US launched rural digital
for india opportunity fund worth $20 bn.
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… and Attracting Billions in Capital

July ’20

Jio platforms has raised $20.2 Bn capital from global financial & strategic investors incl. Google & Facebook

PE INVESTMENT Feb 2020 Feb 2020 KKR in partnership EQT in partnership with with Telecom Italia OMERS to invest $4 Bn to to invest $7-8 Bn in acquire a fibre optic Open Fibre deal internet access company in Germany

5G is now rolling out worldwide

5G Rollouts have accelerated

Telcos continue to be bullish about 5G spend

•
T-Mobile, US announced plans 11 operators launched 5G in to spend USD 60 bn on 2020 (till May) deploying 5G networks over the •
next 5 years Bell Canada launched 5G in June
• • Chinese telecom companies T-Mobile, Poland and Three, have announced massive Sweden launched 5G in June tenders for 5G rollouts in this •
Quarter (~ 10bn USD) In HongKong, 3 operators have rolled out 5G post April 2020
• As of May 2020, there were close to 300 operators investing in 5G commercial services

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Customers are adopting 5G at unprecedented rates

• Deutsche Telekom has reached 16 mn subscribers • Chinese Telecom Companies added 22mn 5G subscribers in 1 month (June 2020)

South Korea has added more than half a million 5G subs in 1 month (May 2020)

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Atmanirbhar Bharat is a now a reality
June 2020
STL, Reliance controlled Radisys, and Tech Mahindra are set to
build capabilities in building ‘Virtualized 5G telecom networks”.
July 2020 DoT aims to promote local telecom equipment manufacturing to enable
Indian telecom equipment manufacturing sector transition to a global hub
of indigenous manufacturing.
July 2020
RIL AGM 2020 updates: Ambani echoes PM Modi's ‘AtamNirbhar Bharat',
We now see a definitive
says RIL to work with Indian start-ups.
Reliance Jio's 5G network is built entirely by Jio employees in India move towards
indigenous technologies
June 2020
India bans 59 Chinese apps and will move towards supporting
India based technology ecosystem.
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Geopolitical environment offers new opportunities

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European and North American countries are looking for a new trustworthy partner who can build scaled networks

Open source standard and software defined networking is now rapidly adopted

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GLOBAL TELCOS ARE RAPIDLY ADOPTING OPEN SOURCE STANDARDS

77%

enterprises are expected to increase their use of Open Source Software

Global telecom majors such as BT, AT&T, Verizon, Jio, Airtel, Rakuten are moving to O-RAN and conducting several trials in partnership with other technology players

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Global telecom players to invest nearly $22 Bn in SDN and NFV technologies by 2021

Samsung has launched its carrier grade, fully virtualized 5G RAN solution

93% of enterprises will adopt Software Defined Networking for cloud networks

Source: RedHat and Cisco

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Optical Fibre demand is expected to grow 6% in H2 2020
Poised for growth from H2 2020 for next 5
years
Units: Mn. fkm
620
Demand contracted by 9% in H1 591
553
2020
507
477 471
Expected to grow by 6% in H2 2020
2019 2020E 2021E 2022E 2023E 2024E
Source: CRU
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Last 90 days have validated our digital network world-view

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Digital Networks are attracting investments at scale
-
5G is now rolling out world wide
Atmanirbhar Bharat is now a reality
Geopolitical environment offers new opportunities
Open Source and Software defined networking is getting adopted
Optical fibre demand is poised for growth for next 5 years

Overall digital networks are in significant transition

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STLeScope 2020 - A vision for 2023

Q1 has validated our digital network world-view

3 4 5 STL is Our Financial Q&A at the centre of Performance - on these developments track for Vision 2023

This quarter we engaged in a large number of discussions, across variety of network use cases

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FTTH ROLLOUT 5G NETWORKS PAN NATION
NETWORK
CONNECTIVITY
WIFI HARDWARE SOFTWARE DRIVEN DATA CENTER AND
NETWORK SMART CITY
PRODUCTS CONNECTIVITY
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“I see STL can grow 5-10x from today as it is solving network build constraint, has open virtualised access software portfolio and is a non-Chinese partner to Network Creators .” - Global Head TMT, Top Mgmt Consultancy

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These are quality interactions with global, marquee network

creators

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ONE OF THE NORTH AMERICAN LEADING INDIAN
LARGEST EUROPEAN DISRUPTIVE TELCO TELCO
TELCO
FTTH ROLLOUT 5G NETWORKS PAN NATION NETWORK CONNECTIVITY
DISRUPTIVE ASIAN LARGE EUROPEAN GLOBAL SMART
TELCO TELCO CITY
WIFI HARDWARE SOFTWARE DRIVEN NETWORK PRODUCTS DATA CENTER AND SMART CITY CONNECTIVITY
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Benoit Huver

(Executive, VP Group Supply Chain Director, Orange)

We are fully convinced to partner with STL because of your technical skill set , installing capabilities and production strength. We wish to do more work with STL in the future

Commodore KJ Sharma (Indian Navy)

The best company which has been associated with us for giving us a 10Gig network is STL . I want to thank the STL for giving the big data analytics the navy wanted

Deep engagement for end to end solutions

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4 End-to-End Solutions
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Anuj Jain

(President, Network and JioFiber Business)

Optical Fibre FTTx Access Network Connectivity Deployment Network Modernization A multi year contract New orders in Project Continued contract New orders in Project with a leading Telco Mahanet. with an Indian Telco. Varun with Indian from Middle East. Navy. Digital transformation Multiple orders from for an African Telco. Europe.

STL has been our partner since inception. As we enhance our value proposition for our customers, STL as our network partner is enabling the reach of our digital solutions to the last mile .

Anshu Prakash,

(Secretary, Department of Telecommunications, Govt. of India)

5G Edge Mantra is a very innovative product because it brings together backhaul and front end connectivity . I hope that STL gets a good market for it and we are proud that an Indian company is doing it.

Our operations are back to support these engagements

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Network
Modernisation
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Project Varun 81% (Indian Navy Project): Completed

0% 100%

Transformative digital inclusion

Mahanet

82% (Bharatnet Initiative) Completed

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0% 100%
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Plants back to pre-covid production levels

Futuristic SDN ready state wide network

T-Fibre

5% (Bharatnet Initiative) Completed

Largest exabyte Network

FTTH roll out 2% (Large Indian telco) Completed

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0% 100%
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0% 100%
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1 2 3 4 5 STLeScope 2020 - Q1 has validated STL is Our Financial Q&A A vision for 2023 our digital network at the centre of Performance - on world-view these developments track for Vision 2023

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Anupam Jindal Chief Finance Officer

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Our participation funnel is growing ….

Multiple customer engagements across network use cases Quality interactions with marquee global customers Solving customer challenges via end to end solutions

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Open Participation Funnel (Rs. Cr.)

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~10,100
~7,000
Q4 FY20 Q1 FY21
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Translating into healthy order book

Open Order Book (Rs. Cr.)

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10,312
10,037
8,535
8,132
Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21
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Open Order Book Customer Segment wise

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Enterprises
20%
Telcos
38%
1%
41%
Citizen
Networks Cloud
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Order Book Spread (Rs. Cr.)

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~ 7,100
~ 3,200
9M FY21 FY 22 & Beyond
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Open Order Book Split

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O&M
26%
74%
Capex
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Revenue mix is balanced across customers and geographies

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Customer Segments Revenues (INR Cr.)

Geographical Distribution Revenues (INR Cr.)

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5,154 876
2% 4%
25% 19%
15%
23%
62%
50%
FY20 Q1 FY21
Telcos Enterprises Citizen Networks Cloud
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5,154 876
9%
3% 19%
5%
22%
27%
66%
49%
FY20 Q1 FY21
India Europe China RoW
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Q1FY21 performance has been resilient despite covid-19 P&L (INR Cr.) FY20 Q1 FY21 Revenue 5,154 876 EBIDTA 1,104 131 *EBITDA %* 21% 15% Depreciation 290 74 EBIT 813 57 Interest 221 50 Exceptional Item 51 - PBT 542 7 Tax 109 4 Net Income (After Minority Interest) 434 6 Net Income Adjusted for exceptional item net of tax 472 6 • COVID-19 impacted performance. • Projects execution significantly impacted due to lock down. • Production & delivery was hurt due to logistics challenges. • Q2 will be transient quarter as we align our efforts. • H2FY21* will be better than H2 FY20	Q1FY21 performance has been resilient despite covid-19 P&L (INR Cr.) FY20 Q1 FY21 Revenue 5,154 876 EBIDTA 1,104 131 *EBITDA %* 21% 15% Depreciation 290 74 EBIT 813 57 Interest 221 50 Exceptional Item 51 - PBT 542 7 Tax 109 4 Net Income (After Minority Interest) 434 6 Net Income Adjusted for exceptional item net of tax 472 6 • COVID-19 impacted performance. • Projects execution significantly impacted due to lock down. • Production & delivery was hurt due to logistics challenges. • Q2 will be transient quarter as we align our efforts. • H2FY21* will be better than H2 FY20	Q1FY21 performance has been resilient despite covid-19 P&L (INR Cr.) FY20 Q1 FY21 Revenue 5,154 876 EBIDTA 1,104 131 *EBITDA %* 21% 15% Depreciation 290 74 EBIT 813 57 Interest 221 50 Exceptional Item 51 - PBT 542 7 Tax 109 4 Net Income (After Minority Interest) 434 6 Net Income Adjusted for exceptional item net of tax 472 6 • COVID-19 impacted performance. • Projects execution significantly impacted due to lock down. • Production & delivery was hurt due to logistics challenges. • Q2 will be transient quarter as we align our efforts. • H2FY21* will be better than H2 FY20
P&L (INR Cr.)	FY20	Q1 FY21
Revenue	5,154	876
EBIDTA	1,104	131
*EBITDA %*	21%	15%
Depreciation	290	74
EBIT	813	57
Interest	221	50
Exceptional Item	51	-
PBT	542	7
Tax	109	4
Net Income (After Minority Interest)	434	6
Net Income Adjusted for exceptional item net of tax	472	6

* Barring any force majeure event

Ongoing buyback demonstrates our confidence in the business

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We have spent more than 50% of the
amount reserved for buyback
On track to complete the remaining
buyback by Q2
BUYBACK
2020
Value creation for shareholders with
112% increase in price since
announcement of buyback
We remain committed to take
corporate actions in future that create
value for our shareholders
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*Buyback announcement date: 27[th] March 2020

We are on track to deliver our Vision 2023 We shall double our revenue & reduce net debt/equity to half while maintaining RoCE >20%

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Growth Revenue : Rs. 10,000 Cr.
Capital
Net debt/equity < 0.5
Structure
Returns RoCE >20%
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STL is ready for a decade-long digital network creation cycle

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An unprecedented decade of digital network creation has started
STL has unique capabilities to be a leading digital network integrator
-
Last 90 days have validated our digital network world view, with investments and next-gen tech adoption
STL is at the center of these developments, engaging with marquee - -
global network creators for end to end solutions
With our focus on strategic pillars and continued customer engagement, we are on track for Vision 2023

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STLeScope 2020 - A vision for 2023

Q1 has validated our digital network world-view

3 4 5 STL is Our Financial Q&A at the centre of Performance - on these developments track for Vision 2023

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STERLITE TECHNOLOGIES LIMITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED J (CIN : L31300MH2000PLC269261)			UNE 30, 2020
		(Rs. in	Crores except earning per share)
Particulars		Quarter ended		Year ended
	Jun 20 (Unaudited)	Mar 20 (Unaudited)	June 19 (Unaudited)	Mar 20 (Audited)
Revenue from operations Other income	876.20	1,160.06 10.40	1,431.99 8.74	5,154.40
	9.53			34.30
Total Income	885.73	1,170.46	1,440.73	5,188.70
Total Expenditure Cost of materials consumed Purchase of stock-in-trade (Inc) / Dec in finished goods, stock-in-trade & WIP Employee benefits expense Finance Costs Depreciation and amortisation expense Other expenses	878.76	1,080.17 515.99 0.41 22.65 152.04 59.31 76.82 252.95	1,223.23 666.31 0.12 40.59 146.25 46.28 68.34 255.34	4,596.39
	396.51			2,367.74
	0.31			2.12
	21.51			97.63
	147.06			629.80
	50.05			221.04
	74.19			290.28
	189.13			987.78
Profit before tax & share of net profits of investments accounted using equity method	6.97	90.29	217.50	592.31
Share of Profit / (Loss) of Joint Venture and Associate Company	-	-	-	-
Profit before exceptional item and tax	6.97	90.29	217.50	592.31
Exceptional Item(Refer note 5)	-	-	-	50.71
Profit before tax	6.97	90.29	217.50	541.60
Tax expense : Current tax Deferred tax	4.12	13.12 7.19 5.93	73.32 72.37 0.95	108.88
	8.16			120.00
	(4.04)			(11.12)
Net Profit after Tax & Share in Profit / (Loss) of Joint Venture and Associate Company	2.85	77.17	144.18	432.72
Loss from discontinued operations(Refer Note 7)	(0.59)	(3.36)	(1.31)	(8.28)
Net Profit for theperiod	2.26	73.81	142.87	424.44
Other Comprehensive income
A. i)Items that will be reclassified to Profit or Loss	6.21	3.65	(46.14)	(58.47)
ii)Income tax relatingto these items	0.23	0.73	9.45	20.20
B. i)Items that will not be reclassified to Profit or Loss	-	0.35	1.35	1.70
ii)Income tax relatingto these items	-	(0.09)	-	(0.09)
Other comprehensive income	6.44	4.64	(35.34)	(36.66)
Total comprehensive income for theperiod	8.70	78.45	107.53	387.78
Net Profit attributable to
a) Owners of the Company	5.96	80.33	141.38	433.90
b)Non controllingInterest	(3.70)	(6.52)	1.49	(9.46)
Other Comprehensive income attributable to
a)Owners of the Company	5.83	1.56	(33.03)	(39.70)
b)Non controllingInterest	0.61	3.08	(2.31)	3.04
Total comprehensive income attributable to
a)Owners of the Company	11.79	81.89	108.35	394.20
b)Non controllingInterest	(3.09)	(3.44)	(0.82)	(6.42)
Paid-upEquityCapital(Face value Rs.2per share)	79.89	80.79	80.52	80.79
Other equityincludingdebenture redemption reserve				1,838.99
EarningPer Share(Rs.)- Basic	0.15	1.99	3.51	10.76
EarningPer Share(Rs.)- Diluted	0.15	1.97	3.47	10.64


STERLITE TECHNOLOGIES LIMITED (CIN : L31300MH2000PLC269261) STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2020
	(Rs. in Crores except earning per share)
Particulars	Quarter ended			Year ended
	Jun 20 (Unaudited)	Mar 20 (Unaudited)	June 19 (Unaudited)	Mar 20 (Audited)
Revenue from operations Other income	745.16	1,040.54 8.66	1,344.82 9.70	4,760.50
	7.63			32.94
Total Income	752.79	1,049.20	1,354.52	4,793.44
Total Expenditure Cost of materials consumed Purchase of stock-in-trade (Inc) / Dec in finished goods, stock-in-trade & WIP Employee benefits expense Finance Costs Depreciation and amortisation expense Other expenses	719.70	965.80 481.43 0.41 9.12 124.41 52.23 59.31 238.89	1,145.10 665.72 0.12 25.17 121.91 42.94 55.75 233.49	4,200.52
	326.34			2,273.96
	0.31			2.12
	15.97			65.43
	116.21			519.82
	46.32			204.46
	57.90			232.42
	156.65			902.31
Profit before exceptional item and tax	33.09	83.40	209.42	592.92
Exceptional Item(Refer note 5)	-	-	-	50.71
Profit before tax	33.09	83.40	209.42	542.21
Tax expense : Current tax Deferred tax	9.23	12.28 6.07 6.21	71.79 68.01 3.78	108.69
	7.07			111.53
	2.16			(2.84)
Netprofit for theperiod	23.86	71.12	137.63	433.52
Other Comprehensive income
A. i)Items that will be reclassified to Profit or Loss	(0.92)	(1.54)	(27.04)	(51.81)
ii)Income tax relatingto these items	0.23	0.73	9.45	20.20
B. i)Items that will not be reclassified to Profit or Loss	-	0.35	1.35	1.70
ii)Income tax relatingto these items	-	(0.09)	-	(0.09)
Other comprehensive income	(0.69)	(0.55)	(16.24)	(30.00)
Total comprehensive income for theperiod	23.17	70.57	121.39	403.52
Paid-upEquityCapital(Face value Rs.2per share)	79.89	80.79	80.52	80.79
EarningPer Share(Rs.)- Basic	0.59	1.76	3.42	10.75
EarningPer Share(Rs.)- Diluted	0.59	1.74	3.38	10.63
Debenture Redemption Reserve	56.25			56.25
Other equityincludingdebenture redemption reserve	1,705.24			1,728.78
Debt equityratio(Refer note 8)	1.24			1.03
Debt service coverage ratio(Refer note 8)	0.64			1.55
Interest Service coverage ratio(Refer note 8)	1.82			3.86

Notes:

1.The above results have been reviewed by the Audit Committee. The Board of Directors at its meeting held on July 23, 2020 have approved the above results.
2.The above statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS) prescribed under section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable.
The Company has only one operating segment which is Connectivity and Network Solutions (earlier known as "Telecom Products and Solutions"). Accordingly, separate segment information is not required to be disclosed. 4. Coronavirus (COVID-19) has been declared a pandemic. In this unprecedented situation, the Governments across the world are leading the response in their respective countries and we are also working in-line with regulatory directions. Management has formed a cross functional Business Continuity Planning team to tackle this pandemic. We are very closely monitoring the situation with our BCP team.

From the business perspective, while there is some negative short term financial impact due to decrease in global fiber demand and slower execution of service business, in the mid-term, Management expects there to be benefit from the pandemic as the world will move towards digitization. While Management has evaluated and considered the possible impact of COVID 19 pandemic on the financial results, given the uncertainties, the impact on business is dependent on the circumstances as they evolve and Management will continue to monitor the developments.

During the year ended March 31, 2020, the Company made an application under Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 (SVLDRS), for settlement of the disputed excise matter of Rs. 188 crores demanded by CESTAT in 2005-06 which the Company was contesting at Supreme Court, and also some other litigations under Central Excise Act, 1944 and Chapter V of Finance Act, 1994 which were pending as of June 30, 2019. Based on the provisions of SVLDRS, Management determined the duty payable in respect of all matters offered for settlement under the scheme and accordingly recognised expense of Rs. 50.71 crores in the previous year. The Company is awaiting acceptance of the application by the department as of date.
During the year 2015-16, the Company had acquired 100% of the paid up equity share capital of Elitecore Technologies Private Limited ('ETPL'), a global telecom software product company. ETPL has been merged with the Company with the appointed date of September 29, 2015 under a scheme of amalgamation approved by Hon'ble Bombay High Court and Gujarat High Court (the "Scheme").

Goodwill (excess of purchase consideration over the aggregate book value of the net assets acquired) is being amortised over a period of five years, as per the Scheme. Ind-AS does not allow amortisation of goodwill, which amounted to Rs. 7.39 crores for the quarter ended June 30, 2020, respectively. Consequently, the auditors have included an emphasis of matter paragraph in regards to this matter.

Loss from discontinued operations pertains to Maharashtra Transmission Communication Infrastructure Limited, a subsidiary of the Company. Management had filed a fresh application with Department of Telecommunication for transfer of the entity after its earlier application had been rejected. The Department of Telecommunication has currently closed the application citing lack of clarity with respect to certain aspects in the application. Management is working towards resolving the concerns and is committed to the sale of MTCIL post resolving the concerns and obtaining requisite regulatory approvals.
Formulae for computation of ratios are based on standalone financial results and balance sheet which are as follows: Debt Service Coverage Ratio = Earnings before interest and tax/ (interest expense + principal term loan repayment) Interest Service Coverage Ratio = Earnings before Interest and Tax /Interest Expense For Debt Service Coverage Ratio and Interest Service Coverage Ratio computation:
Earnings before interest and tax includes Profit Before Tax after exceptional item + Interest expense
Interest expenses include finance costs as per standalone Ind AS financial statements excluding interest cost of Ind AS 116 For paid up debt capital and debt equity ratio computation:
Debt includes long-term borrowings + short term borrowings + current maturities of long-term borrowings.
Equity includes equity share capital and other equity as per standalone Ind AS financial statements
Credit rating for the existing Non- Convertible Redeemable Debentures (NCD) is ICRA AA Stable. Credit rating for the outstanding commercial papers ICRA A1+ and CRISIL A1+.

10. The Company has maintained minimum required assets cover ratio of 1.1 times as per debenture issue terms of non convertible	10. The Company has maintained minimum required assets cover ratio of 1.1 times as per debenture issue terms of non convertible	10. The Company has maintained minimum required assets cover ratio of 1.1 times as per debenture issue terms of non convertible	10. The Company has maintained minimum required assets cover ratio of 1.1 times as per debenture issue terms of non convertible	10. The Company has maintained minimum required assets cover ratio of 1.1 times as per debenture issue terms of non convertible
debenture carrying interest @ 8.45% p.a. and @ 8.70% p.a. which signifies adequate security. Debentures are secured by way of first pari
passu charge on entire movable fixed assets (both present and future) and mortgage of certain immovable fixed assets of the Company.
11. The Company has paid the interest on NCD on due dates. Details	of previous and next due date of payment of interest and principal of
NCDs are as follow:-
S.No. Security Description ISIN Previous due date for Next due date for
1 8.45% NCDs Principal Interest Principal Interest
a. Series 1 INE089C07075 20-Mar-20 20-Mar-20 N.A. N.A.
b. Series 2 INE089C07083 N.A. 20-Mar-20 22-Sep-20 22-Sep-20
2 8.70% NCDs INE089C07091 N.A. 27-Mar-20 27-Apr-21 27-Mar-21
12. Details of previous and next due date of principal of CPs are as follow:-
S.No. Security Description ISIN Previous due date Next due date for
Principal Interest Principal Interest
1 CP-5.25% INE089C14AD8 N.A. 29-May-20 27-Aug-20 N.A.
2 CP-5.30% INE089C14AE6 N.A. 29-May-20 25-Sep-20 N.A.
3 CP-5.45% INE089C14AF3 N.A. 10-Jun-20 08-Sep-20 N.A.
4 CP-5.55% INE089C14AG1 N.A. 18-Jun-20 16-Oct-20 N.A.
5 CP-5.50% INE089C14AH9 N.A. 30-Jun-20 28-Sep-20 N.A.
13. Pursuant to the announcement made by the Finance Ministry of the Government of India				on September 20, 2019, the parent company,
basis their current assessment, is expected to opt for a lower corporate tax rate as per section 115BAA of the Income Tax Act, 1961 as
introduced by the Taxation Laws (Amendment) Ordinance, 2019 from financial year 2019-20 onwards. The parent company has
accordingly recognised Provision for Income Tax and Deferred Tax Liability for the quarter ended June 30, 2020 basis the revised lower tax
rate.
14. The Group, on 24th September 2019 (the “Acquisition date”) has	entered into definitive			agreements to acquire 100% stake in Impact
Data Solutions Group (IDS, UK) comprising it's wholly owned subsidiary, Impact Data Solutions B.V. and a group company Vulcan Data
Centre Solutions Limited. The Group has acquired 80% of the shares of IDS		for a purchase consideration of GBP 10.2 million subject to
subsequent adjustment based on actual enterprise value calculated in accordance with the agreement.
Group has an obligation to acquire the balance 20% over the next 2 to 5			years for a	consideration based on an earn out model.
Accordingly, the Company has recognised the liability with respect to the redemption amount.
The purchase price has been allocated to assets and liabilities on a provisional			basis as per Ind AS 103 – Business Combinations resulting
in provisional goodwill of GBP 5.02 million pending completion of purchase price allocation.				Management does not expect any significant
changes till the end of the measurement period to the Goodwill recognised. Due to acquisition the numbers of the current period are not
comparable to the previous periods disclosed.
15. On March 24, 2020, the Board of Directors have approved the proposed buyback of Equity Shares for a total amount not exceeding Rs.
145 Crore, being 9.95% and 9.32% of the aggregate of the total paid-up equity capital and free reserves (including securities premium) of
the Company based on the audited standalone and consolidated financial statements, respectively, of the Company for the financial year
ended March 31, 2019. The Company has bought back 6,948,911 shares for Rs. 74.22 crores (excluding taxes) upto the reporting date.
16. Previous period figures have been regrouped / rearranged wherever considered necessary.
Place: Pune	For and		on behalf of the Board of Directors of
Date: July 23, 2020	Sterlite Technologies Limited
	Dr Anand Agarwal
	CEO & Whole-time Director
	DIN : 00057364
Registered office: Sterlite Technologies Limited,
E 1, MIDC Industrial Area, Waluj, Aurangabad, Maharashtra, India - 431 136
www.stl.tech Telephone : +91-240-2558400
Fax : +91-240-2564598

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To The Board of Directors Sterlite Technologies Limited Godrej Millenium, 9, Koregaon Road, Pune-411 001

We have reviewed the unaudited consolidated financial results of Sterlite Technologies Limited (the “Parent”), its subsidiaries (the parent and its subsidiaries hereinafter referred to as the “Group”), jointly controlled entity and associate companies for the quarter ended June 30, 2020 which are included in the accompanying consolidated financial results together with notes thereon (the “Statement”). The Statement is being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”), which has been initialed by us for identification purposes.
This Statement, which is the responsibility of the Parent’s Management and has been approved by theParent’sBoardofDirectors,hasbeen preparedinaccordancewiththe recognitionand measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” , issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

The Statement includes the results of the following entities:

Sr. No.	Name of the entity	Relationship
1.	SpeedonNetwork Limited	Subsidiary
2.	Maharashtra Transmission Communication Infrastructure Limited	Subsidiary
3.	SterliteInnovative SolutionsLimited	Subsidiary
4.	SterliteTechConnectivity SolutionsLimited	Subsidiary
5.	SterliteTechCables SolutionsLimited	Subsidiary
6.	Sterlite GlobalVentures (Mauritius)Limited	Subsidiary
7.	Sterlite (Shanghai)Trading CompanyLimited	Subsidiary
8.	SterliteTechnologies UKVenturesLimited	Subsidiary

Price Waterhouse Chartered Accountants LLP, 7th Floor, Tower A – Wing 1, Business Bay, Airport Road, Yerwada, Pune - 411 006 T: +91 (020) 41004444, F: +91 (020) 41006161

Registered office and Head Office: Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi – 110002

Price Waterhouse (a Partnership Firm) Converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPINAAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)

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9.	ElitecoreTechnologies SDN.BHD	Subsidiary
10.	SterliteTech HoldingInc	Subsidiary
11.	SterliteTechnologies S.p.A	Subsidiary
12.	Sterlite Tech Holdings (UK)Limited	Subsidiary
13.	PTSterliteTechnologiesIndonesia	Subsidiary
14.	ElitecoreTechnologies (Mauritius)Limited	Step downSubsidiary
15.	SterliteTelesystemsLimited	Step downsubsidiary
16.	Jiangsu Sterlite andTongguangFibre Co.Ltd	Step downsubsidiary
17.	SterliteTechnologiesInc	Step downSubsidiary
18.	MetallurgicaBresciana S.p.A	Step downSubsidiary
19.	ImpactData SolutionsLimited	Step downsubsidiary
20.	ImpactData SoultionsB.V.	Step downsubsidiary
21.	Vulcan Data Centre SolutionsLimited	Step downsubsidiary
22.	Sterlite Conduspar Industrial Ltda.	Jointly Controlled Entity
23.	MB MaanshanSpecialCables Co.Ltd.	Associate Company
24.	ASOCS	Associate Company

Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the audit report of the other auditor referred to in paragraph 8 below, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
We draw your attention to Note 6 to Statement which describes that the Parent had recognised Goodwill on amalgamation during the financial year ended March 31, 2016, which is being amortised over a period of five years from the appointed date of September 29, 2015, in accordance with the accounting treatment prescribed under the Scheme of amalgamation approved by the Gujarat High Court. Our conclusion on the Statement is not modified in respect of the above matter.
We draw your attention to Note 4 of the statement, which describes the management's assessment of the financial impact of the events arising out of Coronavirus (COVID-19) pandemic on the business operations of the Group. A definitive assessment of the impact on the subsequent period is dependent upon the circumstances as they evolve. Our conclusion on the Statement is not modified in respect of the above matter.
We did not review the interim financial information of one subsidiary included in the consolidated unaudited financial results, whose interim financial information reflect total revenues of Rs. 52.02 crores, total net loss after tax of Rs. 17.65 crores and total comprehensive loss of Rs. 15.22 crores, for the quarter ended June 30, 2020, as considered in the consolidated unaudited financial results. These interim financial information have been audited by other auditor and their report dated July 17, 2020, vide which they have issued an unmodified opinion, have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above.

The above subsidiary is located outside India whose interim financial information has been prepared in accordance with accounting principles generally accepted in their country and which

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has been audited by other auditor under generally accepted auditing standards applicable in their country. The Parent’s management has converted the interim financial information of above subsidiary located outside India from accounting principles generally accepted in their country to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Parent’s management. Our conclusion in so far as it relates to the balances and affairs of this subsidiary located outside India is based on the report of other auditor and the conversion adjustments prepared by the management of the Company and reviewed by us. Our conclusion on the Statement is not modified in respect of the above matter.

The consolidated unaudited financial results includes the interim financial information of twenty subsidiaries which have not been reviewed by their auditors, whose interim financial information reflect total revenue of Rs. 139.08 crores, total net loss after tax of Rs. 0.18 crores and total comprehensive income of Rs. 3.47 crores for the quarter ended June 30, 2020, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also includes the Group’s share of net profit after tax of Rs. Nil and total comprehensive income of Rs. Nil for the quarterendedJune30,2020, as considered in the consolidated unaudited financial results, in respect of two associate companies and one jointly controlled entity, based on their interim financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Management, these interim financial information are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter.

For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016

Neeraj Sharma Pune Partner July 23, 2020 Membership Number: 108391 UDIN: 20108391AAAAEX2467

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To, The Board of Directors, Sterlite Technologies Limited Godrej Millenium, 9, Koregaon Road, Pune-411 001

We have reviewed the unaudited financial results of Sterlite Technologies Limited (the “Company”) for the quarter ended June 30, 2020 which are included in the accompanying Standalone Financial Results, together with notes thereon (the “Statement”). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”), which has been initialled by us for identification purposes. The Statement is the responsibility of the Company’s management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
We draw your attention to Note 6 to the Statement which describes that the Company had recognised Goodwill on amalgamation during the financial year ended March 31, 2016, which is being amortised over a period of five years from the appointed date of September 29, 2015, in accordance with the accounting treatment prescribed under the Scheme of amalgamation approved by the Gujarat High Court. Our conclusion on the statement is not modified in respect of this matter.

Price Waterhouse Chartered Accountants LLP, 7th Floor, Tower A – Wing 1, Business Bay, Airport Road, Yerwada, Pune - 411 006 T: +91 (020) 41004444, F: +91 (020) 41006161

Registered office and Head Office: Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi – 110002

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We draw your attention to Note 4 of the statement, which describes the management's assessment of the financial impact of the events arising out of Coronavirus (COVID-19) pandemic on the business operations of the Company. A definitive assessment of the impact on the subsequent period is dependent upon the circumstances as they evolve. Our conclusion on the statement is not modified in respect of this matter.

For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016

Pune July 23, 2020

Neeraj Sharma Partner Membership Number: 108391 UDIN: 20108391AAAAEW6390

AI assistant

Sterlite Technologies Limited. — Interim / Quarterly Report 2021

59411_rns_2020-07-23_7fa3ede2-aca5-4e03-be61-d590e18d9b76.pdf

July 23, 2020

Scrip Code: 532374; Scrip ID: STRTECH

Sub: Intimation under Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

STL sets up end-to-end 5G Ecosystem with its strong portfolio of optical fibers and wireless technologies

Industry at Inflection Point

Empowering Customers to realise their Vision

Leading one-of-a-kind 5G Ecosystem

Q1FY21 Financial Highlights

About Sterlite Technologies Ltd - STL

For more information, contact:

Safe Harbour

Dr. Anand Agarwal

An unprecedented decade of digital network creation has started

Over the last 25 years, we have systematically built a unique set of capabilities

Digital networks are attracting investments at scale

All Network Creators Investing Heavily in Digital Infrastructure…

… and Attracting Billions in Capital

5G is now rolling out worldwide

Geopolitical environment offers new opportunities

Open source standard and software defined networking is now rapidly adopted

Last 90 days have validated our digital network world-view

This quarter we engaged in a large number of discussions, across variety of network use cases

These are quality interactions with global, marquee network

creators

Benoit Huver

Deep engagement for end to end solutions

Anuj Jain

Anshu Prakash,

Our operations are back to support these engagements

Mahanet

T-Fibre

Anupam Jindal Chief Finance Officer

Our participation funnel is growing ….

Translating into healthy order book

Open Order Book (Rs. Cr.)

Open Order Book Customer Segment wise

Order Book Spread (Rs. Cr.)

Open Order Book Split

Revenue mix is balanced across customers and geographies

Ongoing buyback demonstrates our confidence in the business

We are on track to deliver our Vision 2023 We shall double our revenue & reduce net debt/equity to half while maintaining RoCE >20%

STL is ready for a decade-long digital network creation cycle

Thanks

Notes:

More from Sterlite Technologies Limited.

Sterlite Technologies Limited. Interim / Quarterly Report 2021