Sterlite Tech Q1 Results: Profit skyrockets 870% YoY to Rs 197 crore as AI data centre orders lift earnings

Sterlite Tech reported its strongest-ever quarter in Q1 FY27, with revenue rising 87% YoY to Rs 1,910 crore and profit after tax surging 870% YoY to Rs 197 crore from Rs 10 crore a year earlier. EBITDA jumped to Rs 397 crore with margins at 20.8%, the highest in nearly 20 quarters, driven by AI data centre demand and better product mix. The company's open order book hit a record Rs 18,618 crore, including a multi-year $1.11 billion AI data centre contract, and it became net debt-free after raising Rs 1,500 crore via a QIP, prompting ICRA to upgrade its credit rating to AA Stable.