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Sterlite Technologies Ltd

Q3 FY26Telecom - Equipment & Accessories

Sterlite Technologies Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹627

Market cap₹32.6K Cr

P/E138.1

Updated23 Aug 2026

Read4 min read

The short version

STL expects sustained multi-year upcycle in fiber demand driven by India, Southeast Asia, North America, and parts of Europe. STL expects continued strong revenue growth driven by broad-based demand across segments and geographies, supported by a robust order book of INR5,325 crores.

From Sterlite Technologies Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

STL expects sustained multi-year upcycle in fiber demand driven by India, Southeast Asia, North America, and parts of Europe.
Order intake in YTD FY '26 showed strong 40.3% growth, reaching INR4,263 crores, indicating robust market recovery and improved demand.
The open order book increased from INR5,188 crores to INR5,325 crores, with INR988 crores planned for execution next quarter.
They are confident of reaching or exceeding prior peak revenue levels (INR5,100 crores in 2020) with full utilization and current pricing.
Focused growth areas: data center connectivity, Tier 1 North American telecom wins, diversified long-term service contracts, and expanded product portfolio including AI-related and next-gen fiber tech.

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Profitability & Margins

STL expects continued strong revenue growth driven by broad-based demand across segments and geographies, supported by a robust order book of INR5,325 crores.
Operational EBITDA has improved for 5 consecutive quarters, indicating improving earnings quality.
EBITDA margins are expected to recover post-tariff headwinds, targeting ~20% EBITDA margins with right utilization and cost efficiencies.
Mitigation measures such as passing tariff costs to customers and ramping up U.S. local production are underway to protect margins.
Long-term growth is supported by expansion in data center portfolio, next-gen fiber technologies, and increasing digital business revenue (aiming for 30% revenue from enterprise in 12-18 months).

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Capital Expenditure Plans

STL has invested over $50 million to build a manufacturing facility in the U.S. to serve the North American market strategically (Page 18).
Continued investments drive innovation leadership, including next-generation optical technologies like Hollow-Core fiber and AI-enabled fiber sensing (Page 10 and 14).
Expansion of product portfolio with new fiber connectivity solutions and high fiber count cables for data centers (Page 10).
Growth focus includes scaling data center portfolios, increasing connectivity attach rates, and driving innovation for optical fibers (Page 10).

- Manufacturing authorization and participation in projects like BharatNet Phase 3 signify ongoing strategic investments in India (Page 14). - Efforts are ongoing to mitigate tariff impacts, including localizing production in the U.S. and evaluating manufacturing options in Europe (Page 18). Overall, STL is actively investing in capacity expansion, innovation, and strategic markets to support long-term growth.

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Fundraising & Capital Structure

The provided document does not mention any details or plans regarding current or future fundraising through debt or equity. Key financial highlights include: - Net debt stands at INR 1,331 crores with a debt-to-equity ratio of 0.87 and net debt to EBITDA at 2.58x. - No mention of new equity issuance or debt raising initiatives.

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Order Book & Pipeline

Sterlite Technologies Limited's open order book stood at INR 5,325 crores as of Q3 FY '26, up from INR 5,188 crores in Q2 FY '26.
Of this, INR 988 crores is scheduled for execution in the next quarter.
The remaining INR 4,337 crores is slated for execution over FY '27 and beyond.

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Sterlite Technologies Ltd — 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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Tejas Networks Ltd (Q3 FY26)
INR 1,300 crores related to BSNL; however, larger turnover of ~INR 3,500 crores needed for EBIT break-even (Page 14). Key concall takeaways from Tejas Networks…

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Frequently Asked Questions

What were Sterlite Technologies Ltd Q3 FY26 results?

STL expects sustained multi-year upcycle in fiber demand driven by India, Southeast Asia, North America, and parts of Europe. STL expects continued strong revenue growth driven by broad-based demand across segments and geographies, supported by a robust order book of INR5,325 crores.

What is Sterlite Technologies Ltd share price analysis?

Sterlite Technologies Ltd currently shows a neutral. The stock trades at a P/E of 138.1 with a market cap of ₹32,615 Cr. Investors should review the full earnings analysis for detailed insights.

Is Sterlite Technologies Ltd planning capital expenditure?

STL has invested over $50 million to build a manufacturing facility in the U.S.

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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.