Sterlite Technologies (STLTECH) Q1 26/27 earnings summary

Executive summary

• Achieved record quarterly revenue of INR 1,910 Cr in Q1 FY27, up 87% year-over-year, with EBITDA at INR 397 Cr and PAT at INR 197 Cr, driven by strong demand in data centers and telecom segments.

• Secured a landmark multi-year $1.11 billion deal with a global hyperscaler and multiple $100 million+ orders for high fiber count cable solutions.

• Data center segment contributed significantly to revenue growth, with expectations to reach up to 50% of total revenue this fiscal.

• North America now represents 54% of revenue, reflecting robust demand and strategic market focus.

• Maintained technology leadership with new product launches, certifications, and resolution of key patent litigation.

Financial highlights

• Revenue reached INR 1,910 Cr in Q1 FY27, up 87% year-over-year, with EBITDA at INR 397 Cr and margin at 20.8%.

• PAT at INR 197 Cr, marking the highest PAT margin ever at 10%.

• Open order book at INR 18,618 Cr, up 2.4x from last quarter, providing strong revenue visibility.

• Net cash balance at INR 483 Cr, achieving net debt-free status.

• Credit ratings upgraded by CRISIL and ICRA, reflecting improved financial strength.

Outlook and guidance

• EBITDA margin guidance revised upward to 23% for FY 2027.

• Data center and enterprise segment expected to scale to 50% of revenues, surpassing previous 30% guidance.

• Focus on increasing attach rate to above 20% next quarter and 25% by year-end.

• Robust order pipeline and strong market confidence reinforce positive growth outlook, leveraging demand for AI-ready digital infrastructure.

• Management expects continued growth, leveraging innovation and scaling data center solutions.