Sterlite Technologies Ltd — earnings calls

Management outlined an industry shift from optical connectivity primarily serving telecom and broadband to also serving AI data centers, and framed this as expanding STL's total addressable market. The company announced a growth plan called Lakshya, targeting revenue of Rs 20,000 crore by FY29 versus Rs 4,750 crore in FY26, alongside an EBITDA margin target of 27% plus versus 13.2% in FY26. Management also described planned capital expenditure of approximately Rs 1,000 crore annually over the next three years and cited Q1 FY27 as its highest ever quarterly revenue and EBITDA.

Sterlite Technologies reported Q4 FY26 revenue of Rs 1,441 crores, up 37% year-on-year, with EBITDA margin expanding to 15.1%, while full-year FY26 revenue rose to Rs 4,745 crores with EBITDA of Rs 628 crores and margin of 13.2%. Management said PAT turned positive in Q4 and for the full year, and highlighted a more than doubling of order inflows to Rs 7,687 crores in FY26, up 109% year-on-year. Management also discussed new product launches including Neuralis, Hollow Core Fiber and Multi-Core Fiber, alongside continuing raw material constraints in germanium and helium and ongoing tariff and litigation matters.