Sterlite Technologies (STLTECH) Q1 26/27 earnings summary

Executive summary

• Achieved record quarterly revenue of INR 1,910 Cr in Q1 FY27, up 87% year-over-year, with all-time highs in EBITDA and PAT, driven by strong demand from data centers and telecom sectors.

• Secured a landmark multi-year $1.11 billion deal with a global hyperscaler and multiple $100 million+ orders, resulting in a record order book of INR 18,618 Cr.

• Strategic focus on integrated connectivity solutions, margin expansion, and scaling data center business, with attach rates rising to 16% and targeted to reach 25% by year-end.

• Innovation and technology leadership reinforced by new product launches, US Conec certification, and resolution of European patent litigation.

• Achieved net debt-free status following a successful INR 1,500 Cr QIP, strengthening the balance sheet and supporting future growth.

Financial highlights

• Revenue reached INR 1,910 Cr in Q1 FY27, up 87% year-over-year, marking the highest ever quarterly revenue.

• EBITDA stood at INR 397 Cr, up 184% year-over-year, with margin at 20.8%.

• PAT hit INR 197 Cr, representing a 3.3x sequential increase and 10% net profit margin.

• Net cash balance at INR 483 Cr, achieving net debt-free status.

• Credit ratings upgraded by CRISIL and ICRA, reflecting improved financial strength.

Outlook and guidance

• Data center and enterprise segment expected to scale to 50% of revenues in FY27, up from 1% last year and above previous 30% guidance.

• Attach rate for optical connectivity targeted to exceed 20% next quarter and reach 25% by year-end.

• Management expects continued growth, leveraging a robust order book and strong demand for AI-ready digital infrastructure.

• Industry tailwinds from global FTTx, 5G/6G, and data center expansion expected to drive multi-year growth.