Sterlite Technologies reports Q2 FY'26 growth, strong order book

Sterlite Technologies Limited (STL) reported Q2 FY'26 revenues of ₹1,034 crores, reflecting consistent execution across business segments. EBITDA for the quarter was ₹141 crores, achieving a 13.6% margin, an improvement from the previous year. On a half-year basis, revenues increased by 6% to ₹1,941 crores, with absolute EBITDA growing by 46% year-over-year. The company also turned profitable, reporting a PAT of ₹14 crores compared to a loss of ₹62 crores last year.

The company's open order book reached ₹5,188 crores in Q2 FY'26, up from ₹4,888 crores in Q1 FY'26. Of this, ₹820 crores are slated for Q3 FY'26 execution. STL Digital, the company's IT services arm, contributed ₹65 crore in revenue and achieved EBITDA of ₹1 crore. Despite tariff headwinds impacting margins by 300 basis points in Q2 FY'26, the company anticipates sustainable margin improvement through operational efficiencies and a favorable product mix.

STL’s strategic focus includes driving growth in optical networking by increasing market share and expanding its product portfolio for data centers. Innovations like Multiverse multi-core fiber and the slimmest 864-fiber IBR cable reinforce its position in next-generation optical infrastructure. The company’s global presence remains balanced, with Europe contributing 42% and North America increasing to 33% of H1 FY'26 revenue.