Sterlite Technologies (STL) announced its Q3 FY’26 results, reporting revenue of INR 1,257 crores and an order book of INR 5,325 crores. Year-to-date order intake grew by 40.3% to INR 4,263 crores. While EBITDA margin moderated to 11.2% due to tariff headwinds, the company is focused on growing market share in optical fiber cables and expanding its data center portfolio. STL is also driving innovation in next-generation optical technologies.
Financial Performance
Sterlite Technologies (STL) reported a revenue of INR 1,257 crores for Q3 FY’26, demonstrating strong growth momentum. Year-to-date revenue increased by 12% YoY to INR 3,311 crores. The company’s EBITDA for Q3 was INR 129 crores, with a margin of 10.3%. Year-to-date EBITDA grew by 35% YoY to INR 410 crores, with margins improving to 12.4% YoY. Operational EBITDA has shown improvement for five consecutive quarters, reaching 17.9% in Q3 FY’26 before tariff headwinds.
Order Book and Business Highlights
STL’s open order book stood at INR 5,325 crores, up from INR 5,188 crores in Q2 FY’26. Of this, INR 988 crores is slated for execution in the next quarter. Year-to-date order intake reached INR 4,263 crores, a 40.3% increase over the previous year. The company is focused on gaining market share in optical fiber cables and improving connectivity attach rates. Enterprise and data center business contributed 20% to revenue in YTD FY’26, with plans to scale to 30%.
Strategic Direction
STL is focused on gaining market share in optical fiber cables, improving connectivity attach rates, and expanding its data center portfolio to meet the growing demand from AI-led infrastructure. The company is also strengthening its technology and cost leadership in the optical domain.
Innovation and Sustainability
STL advanced next-generation optical technologies, including quantum secure communications. The company is also expanding its IBR portfolio and launching new data center solutions. STL is committed to achieving net-zero emissions by 2030 and has diverted 276,000 metric tons of waste since FY’19.
Regional Performance
North America’s share of revenue increased from 25% in FY’25 to 36% in the current financial year, while Europe remains a significant contributor at 40%. The company is also seeing positive momentum in India and Southeast Asia.
Tariff Impact
The U.S. tariff reset impacted EBITDA by approximately 760 bps in Q3 FY’26. STL is implementing mitigation measures, including passing on some tariff costs to customers and ramping up local production in the U.S.
Digital Business
STL Digital’s Q3 FY’26 revenue was INR 86 crores. The business remains in a scale-up phase, with continued focus on stabilizing revenues and improving profitability. Operational EBITDA for STL Digital was positive in Q3.
Source: BSE
