Sterlite Technologies Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
STLTECH · price
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Sterlite Technologies reported Q1 FY26 consolidated revenue of INR 1,019 Cr, up ~17% YoY from INR 872 Cr in Q1 FY25. EBITDA nearly doubled to INR 140 Cr (vs INR 72 Cr), with margin expanding sharply to 13.7% from 8.3%. The company returned to profit with PAT of INR 10 Cr, compared to a loss of INR 48 Cr in the year-ago quarter. The Optical Networking business drove the growth, with revenue rising 18.6% YoY to INR 961 Cr and EBITDA margin improving to 14.3%. Order intake of INR 1,529 Cr lifted the open order book to INR 4,888 Cr. Net debt stood at INR 1,300 Cr with a net debt-to-equity ratio of 0.64x and net debt-to-EBITDA of 2.3x. The Global Services Business demerger is complete, with listing expected in Q2 FY26.
Sharp EBITDA margin expansion and return to profitability signal a meaningful operational turnaround, likely to be viewed positively by the market. A strong order book and improving leverage support near-term confidence, but a $96.5 million jury verdict against its US subsidiary in the Prysmian case remains a material overhang to monitor.