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Sterlite Tech.

Q1 FY26Telecom - Equipment & Accessories

Sterlite Tech. Q1 FY26: Order Book ₹4,888 Cr

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹627

Market cap₹32.2K Cr

P/E136.4

Updated23 Aug 2026

Read4 min read

The short version

STL expects continued quarter-on-quarter improvement in revenues driven by growing order books and utilization improvements, particularly in cable manufacturing. Revenue growth is expected to improve quarter on quarter, driven by strong order books and market demand, especially in North America and Europe.

From Sterlite Tech.'s Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

STL expects continued quarter-on-quarter improvement in revenues driven by growing order books and utilization improvements, particularly in cable manufacturing.
Growth will be fueled by demand in North America, Europe, and India, with new contracts including a three-year supply agreement in Europe and strong wins in North America.
Optical fiber demand is projected to grow about 2% year-on-year starting 2025, with North America expected to see ~11.6% CAGR and Europe about 8.9% CAGR until 2029.
Expansion in the data center business and connectivity solutions, including multi-core fiber innovations, will support top-line growth.
BharatNet Rural Fiber projects in India will contribute to future volume.

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Profitability & Margins

Revenue growth is expected to improve quarter on quarter, driven by strong order books and market demand, especially in North America and Europe.
EBITDA margin improvement is targeted by increasing capacity utilization to around 70%, aiming for 18-20% margins as demonstrated in prior years.
Employee cost is expected to be maintained between 10-12% of revenue for the fiscal year, with investments in new business lines anticipated to yield growth benefits.
Digital business is marginally profitable and expected to grow EBITDA profitability quarter on quarter, contributing to overall profitability.
EBITDA margin expansion in the optical fiber business is driven by increased volume, utilization, realizations from higher-technology products, and cost optimization.

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Capital Expenditure Plans

STL is investing in building strong leadership teams across high-growth areas such as data centers and international markets.
The company has recently launched a next-generation data center portfolio and a multi-core fiber supporting AI-ready networks, indicating ongoing strategic investments in product innovation.
STL is expanding capacity, particularly in cable manufacturing and connectivity, to drive future growth, especially in North America and Europe.
Continuous investments are being made in technology leadership, sustainability initiatives like green hydrogen pilots, and IP development.

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Fundraising & Capital Structure

No specific mention of current or future fundraising through debt or equity in the transcript.
The company reported a net debt of Rs.1300 crore with a debt-to-equity ratio of 0.64x and net debt to EBITDA at 2.3x.
They are focused on reducing net debt below 2x going forward.

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Order Book & Pipeline

Open order book for Q1FY26 stood at Rs.4,888 crore.
This is up from Rs.4,378 crore in Q4FY25, reflecting strong order inflow and market confidence.
Of the Rs.4,888 crore, Rs.722 crore of order book is scheduled for execution in Q2FY26.
The remaining Rs.4,166 crore is planned for execution during FY26 and beyond.

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Sterlite Tech. — Quarterly revenue & net profit

Revenue Net profit Net loss

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.4K Cr, net profit ₹59 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Sterlite Tech.'s management said in earlier quarters

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Frequently Asked Questions

What were Sterlite Tech. Q1 FY26 results?

STL expects continued quarter-on-quarter improvement in revenues driven by growing order books and utilization improvements, particularly in cable manufacturing. Revenue growth is expected to improve quarter on quarter, driven by strong order books and market demand, especially in North America and Europe.

What is Sterlite Tech. share price analysis?

Sterlite Tech. currently shows a neutral. The stock trades at a P/E of 136.4 with a market cap of ₹32,230 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sterlite Tech. planning capital expenditure?

STL is investing in building strong leadership teams across high-growth areas such as data centers and international markets.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.