Sterlite Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2025.
STLTECH · price
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The Board of Sterlite Technologies approved its audited standalone and consolidated financial results for FY25, with statutory auditor Price Waterhouse issuing an unmodified opinion. FY25 revenue stood at INR 3,996 Cr (down from INR 4,083 Cr in FY24), while Q4 FY25 revenue jumped 25% YoY to INR 1,052 Cr and Q4 EBITDA more than tripled to INR 146 Cr (13.8% margin) – the highest in six quarters. However, the company reported a full-year net loss of INR 123 Cr (vs INR 57 Cr loss in FY24) and the Board did not recommend any dividend. The Global Services Business demerger into STL Networks (now branded 'Invenia') was completed effective March 31, 2025, with listing expected in June/July 2025. During the year, the company raised funds via a QIP of 8.85 crore shares at INR 113.05, reducing promoter holding from 53.98% to 44.18% and improving net debt-to-equity to 0.68x.
Mixed signals for shareholders: strong Q4 operational recovery (EBITDA up 232% YoY) and demerger completion are positives, but the full-year net loss widened, no dividend was declared, and the open order book declined QoQ from INR 4,806 Cr to INR 4,378 Cr, which may weigh on near-term sentiment despite improved leverage.