Sterlite Technologies Limited (STL) announced its Q2 FY27 results, showcasing a record performance with revenue reaching ₹2,529 crore, a 145% increase year-on-year. Operational EBITDA grew by 27.1%. The company also raised its FY29 EBITDA margin target to 30%, driven by strong order inflows and a favorable business mix. This performance highlights robust growth momentum and strategic execution.
| Financial Metric | Q2 FY27 | Q2 FY26 | % Change YoY | H1 FY27 | H1 FY26 | % Change YoY |
| Revenue | ₹2,529 crore | ₹1,032 crore | 145% | ₹4,439 crore | ₹2,055 crore | 116% |
| Operational EBITDA | ₹685 crore | ₹183 crore | 273% | ₹1,082 crore | ₹378 crore | 186% |
| Operational EBITDA Margin | 27.1% | 17.7% | +624 bps | 24.4% | 18.4% | +600 bps |
| PAT | ₹517 crore | ₹68 crore | 660% | ₹714 crore | ₹14 crore | 4900% |
Record Quarterly Performance
Sterlite Technologies Limited (STL) has reported a record-breaking performance for the second consecutive quarter in Q2 FY27. The company’s revenue surged by an impressive 145% year-on-year to ₹2,529 crore, and grew 32% quarter-on-quarter. For the first half of FY27 (H1 FY27), revenue stood at ₹4,439 crore, marking a 116% increase compared to H1 FY26.
EBITDA and Profitability Growth
Operational EBITDA for Q2 FY27 reached ₹685 crore, a substantial 273% increase year-on-year, with margins expanding to 27.1%, a significant gain of 624 basis points quarter-on-quarter. For H1 FY27, operational EBITDA was ₹1,082 crore with a margin of 24.4%. Profit After Tax (PAT) for Q2 FY27 hit a record ₹517 crore, driven by strong revenue growth and margin expansion. H1 FY27 PAT was ₹714 crore.
Strategic Wins and Market Position
The company’s order book closed at a record ₹35,274 crore, a 4.6x increase from the beginning of the financial year. This includes significant multiyear agreements with hyperscalers and telecom operators, contributing to a more predictable revenue stream. STL is also strategically shifting its revenue mix towards high value-added integrated connectivity solutions, with the Data Center segment contributing 33% to revenue in H1 FY27, aiming for 50% in the current fiscal.
Enhanced FY29 Margin Outlook
STL has upgraded its FY29 EBITDA margin target to approximately 30%, up from the previous target of 27%. This upward revision is supported by the strong multiyear visibility from its record order book and a continued shift towards higher-margin Data Center solutions. The company emphasizes its focus on building a higher margin, highly scalable business for the long term.
Future Outlook and Innovation
STL sees strong tailwinds from the global digital infrastructure build-out, driven by data centers, 5G/6G networks, and FTTx deployments. The company is investing in expanding capacities and developing next-generation optical platforms. Innovations in Hollow-Core Fiber and Multi-Core Fiber are progressing, with commercialization expected in the next 1.5 to 2 years. STL’s deep integration, from glass to gigabit, positions it well to capitalize on the growing demand for optical connectivity.
Source: BSE
