According to The Economic Times, Sterlite Technologies delivered exceptional financial results for Q2 FY27, with net profit surging 12,817% year-on-year to ₹517 crore compared to ₹4 crore in the same quarter last year. The company reported revenue from operations reaching a record ₹2,529 crore, up 145% YoY from ₹1,034 crore, while EBITDA jumped sixfold to ₹846 crore from ₹141 crore in the corresponding quarter last year. On a sequential basis, net profit rose 162% from ₹197 crore in the June quarter, with EBITDA more than doubling from ₹397 crore in the preceding quarter. As per The Economic Times, both revenue and EBITDA were the highest in the company's history, supported by growing investments in artificial intelligence infrastructure and rising demand from hyperscale data centre operators and telecom companies.
As reported by The Economic Times, among the major orders secured was a $1.2 billion, or ₹11,500 crore, long-term agreement with a hyperscaler to supply optical connectivity products between calendar years 2026 and 2030. The company also received a $1.11 billion, or ₹10,500 crore, product award letter from another hyperscaler for supplies between FY27 and FY29. Other significant contracts included a $288 million, or ₹2,700 crore, deal for high-density optical fibre cables between 2027 and 2029, and a $210 million, or ₹2,000 crore, agreement with a leading telecom infrastructure company for the same period. The company also signed a multi-year optical cable supply agreement worth ₹960 crore with a major Indian telecom operator. At the end of the first half of the current financial year, STL's Global (Ex-China) Optic Fibre Cable Market Share stood at 9% from 7% during the same period last year.
According to The Economic Times, the rising contribution of integrated connectivity solutions has supported performance, with the optical connectivity attach rate reaching a record 24% during the first half of FY27. For the first half of the year, the company's DC & Cloud business contributed 53% to the overall topline, compared to 75% during the same period last year, while Telecom & Citizens network is a new addition to the business, with a 33% contribution. Large Enterprises vertical contributed to 14% of the topline from 25% last year. The company's open order book has grown nearly 4.6x from last year to ₹35,274 crore, providing strong revenue visibility for coming years.
As reported by The Economic Times, under Roadmap Lakshya for financial year 2027-2029, STL plans on increasing its revenue by over 4x to ₹20,000 crore from ₹4,750 crore in financial year 2026, while it has upped its margin guidance to 30% from 27% earlier. The company achieved a net debt-free balance sheet during the quarter, strengthening its financial position. MD Ankit Agarwal stated that Q2 FY27 is their best quarter yet, reflecting the strength of demand for AI-ready digital infrastructure, with large multi-year agreements providing strong visibility as hyperscalers and telecom operators scale their digital infrastructure and networks. The company also reported a net debt-free balance sheet during the quarter.
According to The Economic Times, shares of STL were locked in a 5% lower circuit before its results announcement on Friday, October 23, but broke out of the circuit, turned positive after the results announcement, before falling back into negative territory and then recovering again. The stock has surged over 700% so far this year and has recovered from the day's lows to trade 3.8% higher at ₹831. The exceptional quarterly performance, driven by strong demand for AI-ready digital infrastructure and improved operational metrics, has reinforced investor confidence in the company's growth trajectory.
