23-Oct-2026 17:12:23
STERLITE TECHNOLOGIES Q2 CONCALL : FY29 EBITDA MARGIN TARGET RAISED TO 30%, ₹20,000 CR REVENUE TARGET MAINTAINED & RECORD ₹35,274 CR ORDER BOOK
• FY29 REVENUE TARGET MAINTAINED AT ₹20,000 CR • FY29 EBITDA MARGIN TARGET UPGRADED TO 30% FROM EARLIER 27% • MANAGEMENT AIMS TO SUSTAIN OR IMPROVE Q2 FY27 OPERATIONAL EBITDA MARGIN OF 27.1% • RECORD ORDER BOOK AT ₹35,274 CR, WITH ₹3,021 CR SCHEDULED FOR EXECUTION IN Q3 FY27 • SECURED NEW 5-YEAR AI HYPERSCALER AGREEMENT WITH POTENTIAL VALUE OF $1.2 BILLION • PREVIOUSLY ANNOUNCED $1.11 BILLION HYPERSCALER PRODUCT AWARD ALSO SUPPORTS LONG-TERM REVENUE VISIBILITY • DATA CENTER REVENUE CONTRIBUTION TARGETED AT APPROXIMATELY 50% IN FY27 VS 33% IN H1 • MEDIUM-TERM DATA CENTER REVENUE MIX TARGETED AT 50–60% • CONNECTIVITY ATTACH RATE TARGETED ABOVE 25% IN FY27 VS 24% IN H1 • COMPANY PLANNING 50% CAPACITY EXPANSION ACROSS OPTICAL PREFORM, FIBER & CABLE MANUFACTURING • ANNUAL CAPEX EXPECTED AT APPROXIMATELY ₹1,000 CR THROUGH FY29 • HOLLOW-CORE & MULTI-CORE FIBER TECHNOLOGIES EXPECTED TO SCALE OVER NEXT 18–24 MONTHS • R&D INVESTMENT TARGETED AT APPROXIMATELY 2% OF ANNUAL REVENUE • NET CASH POSITION IMPROVED TO ₹703 CR, WITH MANAGEMENT EXPECTING LOWER FINANCE COSTS FROM Q3 FY27 • LARGE ORDER EXECUTION, AI DATA CENTER PROJECT DELAYS, CAPACITY EXPANSION & WORKING CAPITAL REQUIREMENTS REMAIN KEY RISKS
STERLITE TECHNOLOGIES LTD.