Sterlite Technologies Limited (STL) announced its Q2 FY’27 financial results, achieving record highs in revenue and EBITDA. Revenue reached ₹2,529 crore, marking a 145% year-over-year increase. EBITDA saw a substantial jump of approximately 500%, reaching ₹846 crore. The company also reported a record order book of ₹35,274 crore, underscoring strong demand for its Al-ready digital infrastructure solutions.
Sterlite Technologies Reports Record Q2 FY’27 Performance
Sterlite Technologies Limited (STL) has announced its financial results for the quarter and half-year ended September 30, 2026, revealing a period of unprecedented growth. The company achieved its highest-ever revenue and EBITDA for the second quarter of fiscal year 2027 (Q2 FY’27).
Financial Highlights: Q2 FY’27
- Revenue: Reported at ₹2,529 crore, demonstrating a significant year-over-year (YoY) growth of approximately 145%. The quarter-over-quarter (QoQ) growth was also strong at around 32%.
- EBITDA: Reached ₹846 crore, a remarkable YoY increase of about 500%. The EBITDA margin for Q2 FY’27 stood at a strong 27.1%, showing a significant QoQ expansion of 624 basis points.
- PAT: Profit After Tax was ₹517 crore, driven by robust revenue growth, margin expansion, and a one-time gain from a US tariff refund of approximately ₹161 crore.
- Order Book: The open order book stands at a record ₹35,274 crore at the end of the quarter, indicating strong future revenue visibility.
Key Drivers and Strategic Wins
The surge in performance is attributed to the accelerating demand for Al-ready digital infrastructure, particularly from hyperscalers building out data centers. STL’s focus on integrated optical connectivity solutions has led to an all-time high optical connectivity attach rate of 24% during the first half of FY’27 (H1 FY’27).
The company highlighted several key order wins in H1 FY’27, including:
- A US$ 1.2 billion (~₹11,500 crore) multi-year agreement with a hyperscaler for optical connectivity products.
- A US$ 1.11 billion (~₹10,500 crore) Product Award Letter from a hyperscaler.
- A $288 million (~₹2,700 crore) deal for high-density optical fibre cable products with a hyperscaler.
- A US$ 210 million (~₹2,000 crore) deal for high-density optical fibre cables with a leading telecom infrastructure company.
- A multi-year optical cable supply agreement worth ₹960 crore with a leading Indian telecom operator.
Innovation and Future Outlook
STL continues to innovate its product portfolio, expanding its patent count to over 800+. The company launched new offerings like the Neuralis portfolio with Pre-Terminated Fibre Trunk Assemblies and a plenum-rated fibre trunk for Al data centers. The company remains optimistic about its growth trajectory, fueled by strong demand and strategic partnerships.
“Q2 FY’27 is our best quarter yet, with the highest revenue and EBITDA in STL’s history. It reflects the strength of demand for Al-ready digital infrastructure,” said Ankit Agarwal, MD, STL.
Source: BSE
