STL Shines in Q1 FY26: Revenue Surges, Big Order Book, and Growth Across Verticals

Sterlite Technologies Ltd (STL) kicked off FY26 on a strong note, posting robust growth and strategic wins in its Q1 results. The company reported strong gains driven by innovation and healthy order inflows across global markets, cementing its position as a leader in optical and digital solutions.

Key Highlights
 

Financial Highlights:

• Revenue surged 17% YoY to ₹1,019Cr.
• EBITDA jumped 94% YoY to ₹140Cr, with an improved margin of 13.7%.
• PAT turned positive at ₹10Cr, reversing losses from the previous year.
• Net debt stood at ₹1,300Cr, with a net debt-to-equity ratio of 0.64 and net debt-to-EBITDA of 2.3x.

Order Book & Wins:

• Open order book reached a record ₹4,888Cr.
• Order intake in Q1 stood at ₹1,529Cr.
• Signed a 3-year LTSA with a leading European telecom operator and secured a significant order from a key US customer.
• Partnered for FTTH rollout in Western Australia, upgraded ~1,000 homes.

Operational & Segment Performance:

• Optical Networking Business delivered 18.6% revenue growth and 55.7% EBITDA growth YoY.
• Attach rate for Optical Connectivity held at 23%.
• 23% of revenues came from the fast-growing Enterprise & Data Center segment, supported by newly launched solutions for AI-led data centers.

Digital Business & Innovations:

• STL Digital acquired 4 new global customers, bringing the total to 30.
• Secured multi-million, multi-year deals with healthcare and communications firms.
• Achieved industry-first deployments in Multi-Core Fiber (MCF) and executed India’s first Quantum Key Distribution on a 100km, 4-core MCF network.
• Patent portfolio grew to 740+ patents.

Strategic Updates:

• The demerger of Global Services is complete, with the new entity’s listing expected in Q2 FY26.
• STL maintains strong geographical diversification with revenue from the Americas, EMEA, and India.

Source
STL Q1 FY26 results, press announcements, and official statements.

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