STL's Lakshya: Rs 20,000 crore revenue and 27% EBITDA margin target by FY29

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF Explain this filing

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AI summary

Sterlite Technologies unveiled 'Lakshya', targeting Rs 20,000 crore revenue by FY29 versus Rs 4,750 crore in FY26 (4x growth), and EBITDA margin of 27%+ versus 13.2% currently (1380 bps expansion). Order book exceeds USD 2 billion. Annual capex of about Rs 1,000 crore to expand fiber and cable capacity by 50%. Growth driven by AI data center demand, India data center capacity rising from 1.5GW to 10GW by 2030, and fiber content per rack jumping from 1000 to 64000 with newer GPU generations.

Likely market impact

Ambitious 4x revenue and margin expansion targets signal strong growth outlook. Order book and capex plan underpin confidence, though execution remains key risk.