Sterlite Technologies Limited has informed the Exchange regarding Board meeting held on July 25, 2025.
STLTECH · price
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The Board of Sterlite Technologies approved the unaudited consolidated and standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Consolidated revenue grew ~17% year-on-year to INR 1,019 Cr from INR 872 Cr, while EBITDA nearly doubled to INR 140 Cr (~94% YoY) from INR 72 Cr, with EBITDA margin expanding sharply from 8.3% to 13.7%. Profit after tax turned positive at INR 10 Cr compared to a loss of INR 48 Cr in the same quarter last year, with basic EPS of INR 0.20. The Optical Networking segment led performance with revenue of INR 961 Cr and a 14.3% EBITDA margin, while the Digital & Technology segment reported INR 64 Cr revenue and a positive EBITDA of INR 1 Cr. The open order book stood at INR 4,888 Cr with new order intake of INR 1,529 Cr during the quarter. The company also confirmed completion of the Global Services Business demerger, with listing of the resulting entity expected in Q2 FY26. A US jury verdict of $96.5 million against its US subsidiary STI in a trade secrets case with Prysmian remains an overhang, with post-judgment motions pending.
Strong Q1 results signal a clear business turnaround with revenue growth, nearly doubled EBITDA, and return to profitability, supported by a healthy order book providing strong revenue visibility. The $96.5 million US litigation verdict against the subsidiary is a material contingent liability that could weigh on the stock until resolved, but overall the financial performance is positive for shareholders.