Sterlite Technologies LimitedTelecommunicationsSTLTECH
Q1 FY27 concall · earnings callSterlite Technologies Limited
STL outlined Lakshya targeting 20,000 crore revenue by FY29 with 27% plus EBITDA margin as optical demand expands from telecom connectivity to AI data centers.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| FY29 revenue target | 20,000 crore | vs 4,750 crore of revenue in FY26 | |
| FY29 EBITDA margin target | 27% plus | vs 13.2% in FY26 | |
| Open order book | more than $2 billion | — | |
| Planned annual investment | approximately 1,000 crores annually | — |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹1,261.00 Cr-4.6% YoY-10.8% QoQ | ₹-24.00 CrLoss narrowed YoYLoss widened QoQ | ₹-0.47Loss/share narrowed YoYLoss/share widened QoQ |
| Q2 FY25 | ₹1,413.00 Cr-5.4% YoY+16% QoQ | ₹-14.00 CrTurned loss-making YoYLoss narrowed QoQ | ₹-0.26Turned negative YoYLoss/share narrowed QoQ |
| Q1 FY25 | ₹1,218.00 Cr-20% YoY+6.8% QoQ | ₹-48.00 CrTurned loss-making YoYLoss narrowed QoQ | ₹-0.98Turned negative YoYLoss/share narrowed QoQ |
| Q4 FY24 | ₹1,140.00 Cr-39.1% YoY-13.8% QoQ | ₹-82.00 CrTurned loss-making YoYLoss widened QoQ | ₹-2.08Turned negative YoYLoss/share widened QoQ |
| Q3 FY24 | ₹1,322.00 Cr-29.8% YoY-11.5% QoQ | ₹-59.00 CrTurned loss-making YoYTurned loss-making QoQ | ₹-1.24Turned negative YoYTurned negative QoQ |
TL;DR
- Announced Lakshya growth ambition for FY29 targeting 20,000 crore revenue compared with 4,750 crore of revenue in FY26.
- Targeting EBITDA margin of 27% plus by FY29 from 13.2% in FY26, an improvement of more than 1380 basis points.
- Cited open order book of more than $2 billion and approximately 9% of the global optical fiber market outside China.
- Plans to invest approximately 1,000 crores annually to expand preform fiber and cable capacities by 50% and build a Greenfield Optical Connectivity Facility in India.
Said on the call
“In other words, we are moving from a world where fiber is primarily about connecting people, to one where fiber is increasingly connecting intelligence.”
Guidance
- Target revenue of 20,000 crore by financial year 2029
- Target EBITDA margin of 27% plus by FY29
- Plan to invest approximately 1,000 crores annually over the next 3 financial years, expanding preform fiber and cable capacities by 50%
- Commit approximately 2% of average annual revenue to innovation
Source
Summary written from the transcript filed by Sterlite Technologies Limited for the call held on 3 Sept 2026; published 7 Sept 2026, 12:50 IST.
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