Sterlite Technologies Strengthens Growth Outlook with ₹960 Crore Telecom Supply Order

Sterlite Technologies Ltd (STL) has secured a new multi-year order worth ₹960 crore from a domestic telecom operator for the supply of optical fibre cables, further strengthening its already robust order pipeline. The agreement is valid for an initial period of 2 years, with an option to extend it by another 2 years through mutual consent, and the supplies are scheduled for execution during FY28 and FY29. The latest order follows a strong start to FY27, with the company reporting its best-ever quarterly performance. In Q1 FY27, STL's net profit surged to ₹197 crore from ₹10 crore in the same period last year, while revenue grew 87% year-on-year to a record ₹1,910 crore. EBITDA also reached an all-time high of ₹397 crore, with the EBITDA margin improving to 20.8% from 13.7% a year earlier. As of the June quarter, the company's order book stood at a record ₹18,618 crore. During the quarter, STL also successfully completed a ₹1,500 crore Qualified Institutions Placement (QIP), enabling it to become net debt-free and further strengthen its balance sheet. Reflecting confidence in future growth, the management has raised its FY27 EBITDA margin guidance to 23%, up from the earlier target of 20%, supported by higher capacity utilisation, continued expansion in the data centre business and improving demand for optical connectivity solutions. $STLTECH Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.