India's #1 end-to-end optical fibre and cable manufacturer serving telcos, data centres and 5G networks.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,399 | +150.3% YoY | Quarterly, as filed | Quarter to Sept 2026 | Revenue from operations as filed. |
| Operating margin | 34.0 | +28.0 pts YoY | Operating profit / revenue | Quarter to Sept 2026 | For the quarter; a change is in percentage points. |
| Net profit | 319 | Quarterly, as filed | Quarter to Sept 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. | |
| Return on equity | 16.49 | +7.6 pts | Trailing twelve months | TTM to Sept 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 7.25 | +1.6 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 73.95 | +20.9 pts | Trailing twelve months | TTM to Sept 2026 | Revenue change against the same period one year earlier. |
Guidance
6 of 10 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| ONB EBITDA Margin | 20% plus EBITDA margins at 75-80% utilization | Q1 FY25 | Achieved. Consolidated EBITDA margin reached 23% in Q1 FY27, exceeding the 20% target. Management has further revised the guidance upwards to 23% for FY27. | Achieved |
| Global Services EBITDA Margin | 8-10% | Q4 FY24 | Business remains demerged. Promise not applicable to the parent company. | Ghosted |
| Data Center & Enterprise Revenue Share | 25% of revenue from data center products in the medium term | Q1 FY25 | Guidance significantly raised. Management now expects the combined data center and Enterprise segment to reach 50% of revenues in FY27, up from the previous 30% target. Q1 share was 21%. | Revised Up |
4 of Sterlite Technologies Limited's 18 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 15 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹120.09 on 24 Oct 2025 → ₹867.55. High ₹1,016.8 (7 Oct 2026), low ₹86.24 (27 Jan 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Sterlite Technologies (STL) designs, manufactures and supplies optical fibre, optical fibre cables, specialty cables and optical connectivity products used to build telecom, data-centre and broadband networks. It sells to four customer segments — telcos, data-centre and cloud operators, citizen (government broadband) networks, and large enterprises — earning revenue from product sales as well as network deployment/solutions contracts. Its subsidiary STL Digital separately offers digital engineering and IT services to enterprise clients. The company operates a network of advanced manufacturing facilities and holds an active patent portfolio behind its fibre and connectivity innovations.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
6 of 10 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| ONB EBITDA Margin | 20% plus EBITDA margins at 75-80% utilization | Q1 FY25 | Achieved. Consolidated EBITDA margin reached 23% in Q1 FY27, exceeding the 20% target. Management has further revised the guidance upwards to 23% for FY27. | Achieved |
| Global Services EBITDA Margin | 8-10% | Q4 FY24 | Business remains demerged. Promise not applicable to the parent company. | Ghosted |
| Data Center & Enterprise Revenue Share | 25% of revenue from data center products in the medium term | Q1 FY25 | Guidance significantly raised. Management now expects the combined data center and Enterprise segment to reach 50% of revenues in FY27, up from the previous 30% target. Q1 share was 21%. | Revised Up |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 18 tracked commitments, with each call’s wording and source.
Call summaries
Sterlite Technologies Limited Q1 FY27
Sterlite Technologies reported a historic Q1 FY27 with robust financial performance, including 87% YoY revenue growth and a 184% YoY EBITDA increase, driven by strong order inflows and a landmark AI data center deal. The company achieved net debt-free status and upgraded its EBITDA margin guidance, though it noted ongoing input cost pressures and capacity constraints.
Read the full callSterlite Tech. Q4 FY26
Sterlite Technologies delivered a strong Q4 FY26, with significant revenue growth and margin expansion, driven by robust order book intake and strategic product launches like Neuralis and Hollow Core Fiber. The company is focused on expanding its market share in OFC and increasing connectivity attach rates, particularly in the data center segment. Despite challenges from raw material constraints and geopolitical cost pressures, management expressed confidence in continued margin expansion and growth, supported by a strong order pipeline and focus on long-term contracts.
Read the full callSterlite Tech. Q3 FY26
Sterlite Technologies Limited reported strong revenue growth in Q3 FY26, with overall revenue reaching ₹1,257 crores. Despite a moderation in EBITDA margin to 10.3% due to U.S. tariff headwinds, the company saw a 35% YoY growth in YTD FY26 EBITDA. The order book remains robust at ₹5,325 crores, driven by data center connectivity wins and expansion into North American telecom. Management is focused on mitigating tariff impacts through local production and negotiations, while also advancing next-generation optical technologies like Hollow-Core fiber.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +16050% (quarter to sept 2026 against sept 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 590 | 555 | 542 | 559 | 592 | 752 | 929 | 1,399 |
| Expenses | 577 | 530 | 501 | 524 | 578 | 689 | 727 | 930 |
| Operating profit | 13 | 25 | 41 | 35 | 14 | 63 | 202 | 469 |
| Operating margin | 2.2% | 4.5% | 8.0% | 6.0% | 2.4% | 8.0% | 22.0% | 34.0% |
| Other income | 31 | 22 | 38 | 39 | 20 | 72 | 49 | 70 |
| Interest | 38 | 42 | 34 | 35 | 40 | 43 | 36 | 50 |
| Depreciation | 44 | 41 | 42 | 42 | 41 | 42 | 46 | 64 |
| Profit before tax | -38 | -36 | 3 | -3 | -47 | 50 | 169 | 425 |
| Tax rate | −32.0% | −31.0% | 33.0% | −33.0% | −34.0% | 34.0% | 26.0% | 25.0% |
| Net profit | -26 | -25 | 2 | -2 | -31 | 33 | 125 | 319 |
| EPS (₹ per share) | -0.53 | -0.51 | 0.04 | -0.04 | -0.64 | 0.68 | 2.56 | 6.21 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 6,925 | 3,667 | 2,215 | 2,445 |
| Expenses | 6,035 | 3,556 | 2,190 | 2,292 |
| Operating profit | 890 | 111 | 25 | 153 |
| Other income | -60 | 188 | 144 | 169 |
| Interest | 312 | 278 | 163 | 152 |
| Depreciation | 308 | 195 | 174 | 167 |
| Profit before tax | 210 | -174 | -168 | 3 |
| Net profit | 126 | -126 | -117 | 2 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 | Sept 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 80 | 80 | 98 | 98 | 98 | 103 |
| Reserves | 1,804 | 1,641 | 1,320 | 1,956 | 1,428 | 3,405 |
| Borrowings | 3,049 | 2,393 | 1,214 | 1,921 | 1,219 | 487 |
| Other liabilities | 2,695 | 2,882 | 1,474 | 1,857 | 1,267 | 1,480 |
| Total liabilities | 7,628 | 6,996 | 4,106 | 5,832 | 4,012 | 5,475 |
| Fixed assets | 1,967 | 1,848 | 1,681 | 2,914 | 1,600 | 1,573 |
| Capital work in progress | 55 | 16 | 16 | 43 | 16 | 159 |
| Investments | 427 | 370 | 309 | 213 | 307 | 831 |
| Other assets | 5,179 | 4,762 | 2,100 | 2,662 | 2,089 | 2,912 |
| Total assets | 7,628 | 6,996 | 4,106 | 5,832 | 4,012 | 5,475 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 121 | 139 | 147 | 248 | 131 | 83 |
| Inventory days | 64 | 62 | 54 | 81 | 93 | 105 |
| Days payable | 327 | 320 | 277 | 574 | 315 | 233 |
| Cash conversion cycle | -142 | -119 | -76 | -244 | -91 | -44 |
| Working capital days | -38 | -32 | -31 | -114 | -149 | 5 |
| Return on capital employed | 14.0% | 10.0% | 15.0% | −1.0% | 0.0% | 6.0% |
| Dividend payout | 30.0% | 24.0% | 53.0% | 0.0% | 0.0% | 0.0% |
The businesses behind the company’s reported revenue.
Optical networking business contributes 94.0% of reported segment revenue.
Year ended 31 Mar 2026 · Consolidated
₹4,486.00 crore
₹284.00 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Optical networking business | 4,486.00 | 94.0% |
| Digital and technology solutions | 284.00 | 6.0% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Optical networking business grew from 72% to 95% of revenue over the last six quarters.
| Segment | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|
| Optical networking business | 72% | — | — | 94% | 93% | 95% | — |
| Digital and technology solutions | 6% | — | 6% | 6% | 7% | 5% | — |
Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.
See how segments are shifting across companies → Segment Shift
Ownership
Promoters hold 42.29% as of Sept 2026; institutions cut 1.49 pts since Jul 2026.
since Jul 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 0 holders trimming and 5 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Sterlite Technologies Limited above SEBI's 1% disclosure line, and what changed since Jul 2026.
| Holder | Stake | Change |
|---|---|---|
| 40.74% | unchanged | |
| Mutual fund | 7.55% | +1.94 pp |
| Global fund house | 2.24% | unchanged |
| Mutual fund | 1.73% | newly disclosed |
| 0.93% | unchanged | |
| 0.35% | newly disclosed | |
| 0.21% | newly disclosed | |
| 0.02% | newly disclosed | |
| 0.02% | newly disclosed | |
| 0.01% | newly disclosed | |
| Mutual fund | — | off the list |
| Global fund house | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Filings to Sep 2026
4 new, 0 added, 3 trimmed, 0 sold out — net +1.87 L shares (+4.2%).
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Large & Mid Cap Fund HDFC Mutual Fund | ₹146 Cr | −0.50 L | Apr '24 |
| HDFC Value Fund HDFC Mutual Fund | ₹127 Cr | −1.50 L | Nov '25 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹96 Cr | −1.50 L | Apr '24 |
| Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund | ₹40 Cr | new | Sep '26 |
| SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund | ₹8 Cr | new | Sep '26 |
| Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund | ₹0 Cr | new | Sep '26 |
| SBI Nifty Small Cap 250 ETF SBI Mutual Fund | ₹0 Cr | new | Sep '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Sep 2026
0 added, 3 trimmed — net +1.87 L shares (+4.2%)
Shares held by these funds +2793%
Oct '23 45.87 L shares Sep '26
Your own record
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