STL Board Approves Strong FY26 Results with Revenue Growth of 18.8%

Sterlite Technologies announced that its Board of Directors approved the audited financial results for FY26 at a meeting held on April 29, 2026. The company reported revenue of INR 4,745 crore for FY26, representing 18.8% year-on-year growth, with Q4 FY26 revenue of INR 1,441 crore showing 14.7% quarter-on-quarter growth.

Board Meeting Outcomes

The Board meeting, which commenced at 9:30 AM and concluded in the afternoon, approved several key items including the audited standalone and consolidated financial results for Q4 and FY26. The statutory auditors, M/s. Price Waterhouse Chartered Accountants LLP, issued an unmodified audit opinion on the financial results.

Key Decisions: Details Financial Results: Audited standalone and consolidated results approved Dividend Recommendation: No dividend recommended for FY26 Fund Raising Authorization: Approved raising funds through various instruments Meeting Duration: 9:30 AM to afternoon on April 29, 2026

Financial Performance Highlights

The company achieved EBITDA of INR 628 crore for FY26 with margins of 13.2%, marking the sixth consecutive quarter of sequential margin improvement. Q4 FY26 EBITDA stood at INR 218 crore with margins of 15.1%, driven by higher utilization and improved product mix.

Financial Metrics: FY26 FY25 Q4 FY26 Q4 FY25 Revenue (INR Cr): 4,745 3,996 1,441 1,052 EBITDA (INR Cr): 628 452 218 146 EBITDA Margin: 13.2% 11.3% 15.1% 13.9%

Strategic Growth Drivers

The year was characterized by a transformative 110% surge in order intake over FY25, indicating strong revenue visibility. The open order book at the end of FY26 stands at INR 7,309 crore, supported by large-scale data-centre and telecom projects across key markets including North America, Europe, and India. The AI Data Centre business emerged as a key growth engine during the year.

Fund Raising Authorization

The Board authorized raising funds through various instruments including equity shares, equity-linked instruments, convertible securities, non-convertible securities, or combinations thereof. The fund raising may be executed through private placement, qualified institutional placements, further public issues, preferential allotments, rights issues, or any combination of these methods.

Innovation and Market Position

During FY26, the company established partnerships with global customers including Colt, Netomnia, Mynet, SLICFiber, and Swoop. Key innovations included the launch of Neuralis for AI-Data Centres, India's first Hollow Core Fibre cable, and expansion of the IBR portfolio in the U.S. The company's total patent count stands at 780+.

Sterlite Technologies has demonstrated exceptional business performance with significant developments in order book positioning, debt reduction targets, and international trade benefits. The telecommunications infrastructure company continues to show strong operational execution and strategic financial planning.

Order Book Performance

The company has reported substantial order book growth with detailed quarterly breakdowns showing strong revenue visibility across different time horizons.

Parameter: Value Q1 FY27 Order Book: ₹14.68b Q2 FY27 & Beyond: ₹58.41b Total Order Book: ₹73.09b FY26 Order Intake: ₹76.90b FY25 Order Intake: ₹36.70b Growth Rate: 109.00%

The substantial increase in order intake demonstrates the company's strong market position and ability to secure significant contracts in the telecommunications infrastructure sector.

Debt Reduction Strategy

Sterlite Technologies has outlined clear financial targets aimed at improving its debt profile and enhancing financial flexibility.

Financial Target: Details Current Net Debt-to-EBITDA: 1.30X (Q4 FY26) Target Ratio: Below 1.20X Target Timeline: By FY27 Strategic Focus: Debt optimization

This debt reduction initiative reflects the company's commitment to maintaining a healthy balance sheet while supporting growth opportunities.

International Trade Benefits

The company has benefited significantly from favorable changes in US trade policies, resulting in improved margin prospects for its international operations.

Trade Parameter: Previous Current Impact US Tariffs: 50.00% 18.00% Reduced Temporary Rate: - 10.00-15.00% Further reduction Benefit: - Significant margin advantages Positive

These tariff reductions, resulting from the US-India trade agreement, provide substantial competitive advantages and margin improvements for the company's US operations.

Capital Raising Plans

The company maintains its strategic fundraising initiative to support business expansion and operational requirements.

Fundraising Parameter: Details Target Amount: Up to ₹2,000.00 crores Financing Options: Equity or debt instruments Purpose: Business expansion and operations

The combination of strong order book growth, debt reduction targets, favorable trade conditions, and planned capital infusion positions Sterlite Technologies favorably for sustained business expansion and improved financial metrics.

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