Sterlite Technologies Ltd (STL) reported a profit in the March quarter over losses posted a year ago and quarter ago, led by good growth in the optical revenue business as well as large-scale data centre and telecom projects, resulting in an overall revenue growth of 36.9 per cent to ₹1,441 crore.
The company reported quarterly net profit of ₹59 crore compared to a loss of ₹40 crore in the year-ago quarter incurred due to discontinued operations. Sequentially, revenue grew 14 per cent.
Overall, the company went from a loss of ₹123 crore in FY25 to a profit of ₹56 crore in FY26. The company delivered EBITDA margins at around 13.2 per cent and EBITDA of ₹628 crore, driven by higher utilisation and improved product mix.
“FY26 was a transformative year for us. Our record order intake reflects our ability to co-create with customers and deliver advanced, high-capacity optical connectivity solutions for global hyperscalers and telecom providers. By owning the entire value chain — from glass chemistry to complex AI-DC racks — we are providing the physical foundation for the future of intelligence,” said Ankit Agarwal, Managing Director, STL, who was re-appointed in his position until 2031.
The company’s priorities for the current fiscal year include boosting market share in optic fibre cable segment, scale revenue from enterprise and data centres, achieve leadership in net-gen optical platforms and focus on costs.
Order bookings
Order intake also grew around 110 per cent over FY25. The open order book at the end of FY26 was at ₹7,309 crore, supported by large-scale projects across key markets like North America, Europe and India.
US tariffs moderated from peak levels of 50 per cent to 18 per cent following the US–India trade arrangement. It later transitioned to a temporary ~10–15 per cent tariff regime.
“This tariff easing provides a direct and meaningful margin benefit. However, war-led geopolitical tensions in West Asia have emerged as a new headwind, driving cost inflation in helium and polymer-based jacketing compounds, which will exert cost pressure in near term,” said the company in its exchange filings.
In terms of net debt, the company reported ₹1,128 crore debt in Q4 with a target net debt-to-EBITDA in FY27 of less than 1.2 times.
New CHRO
Anshu Mordia was appointed as Chief Human Resource Officer, with effect from April 29. Mordia has an experience of nearly 20 years in driving organisational transformation, workforce strategy, and culture building across the consulting, logistics, and travel industries. She earlier worked at FCM Travel India, where she served as Director, People & Culture, along with leadership roles at DP World, Maersk Tankers, and FedEx Express.
Published on April 29, 2026