Sterlite Technologies, a pure-play telecom company that designs, builds and manages data networks, has posted a net profit of ₹40 crore for the first quarter of FY17 against ₹31 crore in the year-ago period, a rise of 29 per cent YoY.

Revenues in the two quarters stood at ₹565 crore and ₹463 crore, respectively, indicating a growth of 22% year on year.

“The growth in our business and robust order books is reflective of the large opportunities surfacing in the telecom space for us. Our strong focus on technology and engineering design for smarter network delivery has given us a distinctive edge against the competition to lead India’s transformation towards adopting true broadband infrastructure,” said Pravin Agarwal, Vice-Chairman, Sterlite Technologies.

Citing growth opportunities, Anand Agarwal, CEO, Sterlite Technologies, said, “We continue to remain bullish on India, while expanding our global footprint with new products and customers. Broadband infrastructure needs to get created throughout the country and we are architecting such smarter networks by bringing world-class design, execution and management capabilities with our end-to-end offerings.”

The current phases of Smart City projects in Gandhinagar and Jaipur are close to completion, a company statement said, adding that the total order book stands at ₹2,100 crore.

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