Sterlite Tech shares jump 5% after CLSA upgrades 2026 multibagger after strong Q1 results

Sterlite Technologies posted its strongest-ever Q1 FY27, with revenue rising 87% YoY to Rs 1,910 crore and PAT jumping 870% to Rs 197 crore, while EBITDA margin touched a 20-quarter high of 20.8%. Order book surged 155% QoQ to Rs 18,600 crore, anchored by a $1.11 billion AI data centre optical connectivity contract and over $100 million of hyperscaler orders for its Neuralis portfolio. CLSA raised FY27-29CL forecasts by 7-125% and now expects a 62% EBITDA CAGR; CRISIL revised outlook to Stable and ICRA upgraded the credit rating to AA after the company turned net debt free via a Rs 1,500 crore QIP.