Sterlite Technologies Reports Record Q1 FY27 Results: Revenue Jumps 87% as Order Book Hits ₹18,618 Crore

Sterlite Technologies Reports Record Q1 FY27 Results: Revenue Jumps 87% as Order Book Hits ₹18,618 Crore​

Mumbai, July 24, 2026 – Sterlite Technologies Limited (STL) announced a period of record financial performance for the quarter ended June 30, 2026. The company reported its highest-ever quarterly revenue and profitability, driven by strong demand in AI-ready digital infrastructure and resilient operating margins.

The consolidated results showed significant growth across key metrics:

• Revenue: INR 1,910 Crore, marking a year-on-year (YoY) growth of approximately 87%.
• EBITDA: INR 397 Crore, translating to a 20.8% EBITDA margin—the highest level achieved in nearly 20 quarters.
• Profit After Tax (PAT): INR 197 Crore, showing robust growth compared to the previous period.

STL reported an open order book standing at a record INR 18,618 Crore at the end of the quarter. The successful completion of these results and strategic initiatives included achieving a net debt-free balance sheet status.

Strategic Wins and Financial Strengthening​

The company strengthened its financial position by securing a Qualified Institutional Placement (QIP) of INR 1,500 Crore. The proceeds from this successful fund raise are allocated toward the deleveraging of the balance sheet and general corporate purposes.

STL also saw positive shifts in its credit profile:

• CRISIL revised its rating outlook to 'Stable'.
• ICRA upgraded the company's credit rating to 'AA (Stable)'.

Amid a diversified revenue mix, STL achieved several high-value contract wins that bolster its forward pipeline, including securing a multi-year contract worth US$ 1.11 billion (₹10,000+ Cr) to supply optical connectivity products for next-generation AI data centers. Additionally, the company secured multiple hyperscaler orders exceeding $100 Million for its Neuralis portfolio and a strategic order for long-haul, dark-fibre High Density Micro-cables.

Focus on Innovation and Technology Leadership​

STL continues to position itself at the forefront of optical connectivity technology, addressing the specialized needs of AI infrastructure. Key innovations introduced during the quarter include:

• Neuralis: A purpose-built connectivity suite designed for AI Data Centers (AI-DC), facilitating ultra-high-density cabling for GPU-intensive workloads.
• CONCAT: A pre-connectorized, plug-and-play solution developed to accelerate Field Termination and Fiber To The Home (FTTH) rollouts by reducing onsite labour and installation costs.
• Next-Generation Fibre: Breakthrough products like G.654.E fiber (featuring 30% lower signal loss) and Hollow Core Fiber (HCF), which offers low latency crucial for AI Data Centers and hyperscalers.

The company reinforced its intellectual property strength with an IP portfolio that now stands at over 785 patents filed and granted, underscoring sustained investment in innovation. A decisive win was also achieved in a European patent dispute, further strengthening STL’s position in the UK and European optical connectivity markets.

Commenting on the results, Ankit Agarwal, MD of STL, stated that Q1 FY'27 has been the strongest quarter in STL's history, reflecting the trust placed by hyperscalers and telecom operators in the company’s AI-ready digital infrastructure portfolio.

STLTECH Stock Price Movement​

As of 3:22 PM, shares of Sterlite Technologies Limited are slipping by 4.33% in live trading, currently registering at ₹525.10 as the market is active. The stock has seen brisk movement today, with over 1.03 million shares traded so far.