Sterlite Technologies Q1 FY27 Revenue at ₹1,910 Cr, EBITDA ₹397 Cr; Net Debt-Free
Sterlite Technologies reported a record Q1 FY27 with revenue at ₹1,910 Cr (up 87% YoY) and EBITDA at ₹397 Cr (up 184% YoY). The company achieved a net debt-free status after a ₹1,500 Cr QIP. Order book stands at ₹18,618 Cr. Key wins include a US$1.11 billion contract for AI data centers.
The record financial results, achievement of net debt-free status, significant order wins, and upgrades in credit ratings are material events that will have a substantial positive impact on the company's financial health and market position.
The company reported record financial performance with significant year-on-year growth in revenue and EBITDA, achieved a net debt-free status, and secured major contracts, all indicating strong positive momentum.
Sterlite Technologies Limited (STL) announced its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company reported a record-breaking Q1 FY27 performance with the highest-ever quarterly revenue of ₹1,910 crore, marking an 87% year-on-year growth. EBITDA also reached a record high of ₹397 crore, a 184% YoY increase, with an EBITDA margin of 20.8%, the best in nearly 20 quarters. Profit After Tax (PAT) stood at ₹197 crore.
The company's open order book reached ₹18,618 crore. STL also achieved a net debt-free balance sheet following a Qualified Institutions Placement (QIP) of ₹1,500 crore, which provided capital to accelerate growth. This strengthened financial position led CRISIL to revise its outlook to 'Stable' and ICRA to upgrade the company's credit rating to 'AA (Stable)'.
Key order wins during the quarter included a multi-year contract worth US$1.11 billion (₹10,000+ crore) for optical connectivity products for next-generation AI data centers, and multiple hyperscaler orders worth over $100 million for its Neuralis portfolio. STL also secured a strategic order for long-haul, dark-fibre High Density Micro-cables.
STL highlighted its innovation in AI-ready digital infrastructure, including its Neuralis suite for AI-Data Centers, CONCAT plug-and-play solution, and US Conec-certified MMC Pre-Terminated solutions. The company also announced a decisive win in a European patent dispute, reinforcing its IP portfolio of over 785 patents. Ankit Agarwal, MD, STL, stated that the results reflect the strength of their AI-ready digital infrastructure portfolio and the trust of hyperscalers and telecom operators.
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