Sterlite Technologies | Digital India play

Yeah, ever since I’ve started following them in 2018, multiple long shot goals like $1B revenue, doubling revenue in 3 years etc., It’s very difficult to do scuttle-butt as it’s a B2B company.

But, looks like the industry has a lot of growth ahead and Sterlite tech does have differentiator technology and services.

Their sudden Q3-22 restatements were surprising, but in hindsight seems they had (have?) huge problems agreeing with Indian customers their work is done (sign-off) and getting invoices paid and if paid at the quoted rates. They’re taking an year from Q322 till perhaps Q4-23 to reduce India dependence (unless it’s private sector) and increasing UK/US business.

To give them credit, they’d communicated both revenue/profitability hits till Q4FY23 or so right during their Q3FY22 call, but it was too late to sell at then recent high of 300 :slight_smile:

I booked a small partial profit at 190 but still largely invested from early 2020 levels and watching closely to add more.

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