Sterlite Technologies Limited has informed the Exchange about Transcript
STLTECH · price
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Sterlite Technologies reported Q4 FY25 optical networking business revenue of Rs. 979 crores with EBITDA of Rs. 125 crores (12.8% margin), showing healthy year-on-year improvement driven by cost leadership. STL Digital posted Rs. 78 crores revenue with positive EBITDA of Rs. 5 crores. Total order book stood at Rs. 4,378 crore, with Q1 FY26 visibility of Rs. 667 crore. Net debt was Rs. 1,350 crore with debt-to-equity at 0.68x. The company completed the demerger of its Global Services business into STL Networks (branded 'Invenia') effective March 31, 2025, with listing expected by June-July 2025. Management guided EBITDA margins to expand from ~14% to ~20% as utilization rises from 50% to 70%, and CFO targeted reducing debt-to-EBITDA from 3x to below 2x by end of FY26.
Positive signals: margin expansion roadmap, debt reduction plan, and strong order book suggest improving financial health. Investors should note that BEAD (US $42B program) and BharatNet Phase III demand are expected to flow in late CY25/early CY26, which could be a key growth catalyst. However, market share has slipped from 11% to 8% globally, and the stock has underperformed for years, so execution on utilization and pricing recovery remains critical.