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Sterlite Technologies (STLTECH) investor relations material
Sterlite Technologies Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY26 revenue reached INR 1,034 crore with EBITDA of INR 141 crore, reflecting margin expansion and operational efficiency improvements.
Net profit turned positive, improving from a loss of INR 62 crore in H1 FY25 to a profit of INR 14 crore in H1 FY26.
Order book surged to INR 5,188 crore, up ~135% year-over-year, providing strong revenue visibility.
Major contract wins and expansion in North America and Europe, with regained top-tier US telecom customers and new partnerships.
Continued innovation with 26 new patents filed, launches of the world's slimmest 864F IBR cable, multi-core fiber, and an AI Center of Excellence.
Financial highlights
Q2 FY26 consolidated revenue: INR 1,034 crore, up 6% YoY; H1 FY26 revenue: INR 2,054 crore; EBITDA margin improved to 13.6% in Q2.
Net profit for Q2 FY26 at INR 4 crore, reversing a loss of INR 14 crore in Q2 FY25; H1 FY26 net profit at INR 14 crore.
Optical Networking Business Q2 FY26 revenue at INR 980 crore, EBITDA margin at 13.9%.
Digital and Technology Solutions Q2 FY26 revenue at INR 65 crore, EBITDA at INR 1 crore, with 33 global clients.
Net debt at INR 1,313 crore; debt-to-equity ratio at 0.64–0.70; net debt-to-EBITDA at 2.33x.
Outlook and guidance
Positioned for growth in North America, Europe, and Asia, with strong demand from telecom, data center, and AI-driven segments.
Global optical cable demand expected to return to growth in 2025, with North America leading at a projected 12% CAGR through 2030.
Focus on scaling digital business to cash profitability, moving optical business toward 80%+ utilization and 20% EBITDA margins.
CapEx outlay for FY26 projected at INR 115 crore, with ongoing R&D investments.
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