STLTECH
Sterlite Technologies share price & financials
- Price
- ₹654.35
- Market cap
- ₹27.1k Cr
- Sector
- Telecommunication
- Calls analysed
- 9
Sterlite Technologies Limited Q1 FY27
What went well
- Revenue of INR1,910 crores, up 87% YoY, demonstrating strong growth.
- EBITDA of INR397 crores, up 184% YoY, with EBITDA margin expanding to 23% (revised from 20% guidance).
- PAT reached a record INR197 crores, 10% of revenue, marking a 3.5x expansion over FY26 PAT.
What to watch
- Acknowledged input cost pressure (germanium, helium, polyethylene) due to the war situation, impacting gross margins.
- Capacity constraints necessitate 'picking and choosing' orders, despite strong demand and order inflows.
What Sterlite Technologies Limited does
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
- Enterprise and Data Centre
- Telecom & Citizen Networks
- STL Digital
- Market position
- #1 end-to-end optical fibre manufacturer in India
- Patents filed and granted
- 780+
- Advanced manufacturing facilities
- 10+
- Industry track record
- 30+ years
- Customer segments served
- Telcos, Data Centre & Cloud, Citizen Networks, Large Enterprises
- Manufacturing sustainability certification
- Zero waste to landfill and zero liquid discharge across manufacturing facilities
Guidance record · Q1 FY27
what the last two calls moved 18 tracked 6 delivered 4 missed 8 open- ONB EBITDA Margin delivered said Q1 FY25 Promised: 20% plus EBITDA margins at 75-80% utilization Q1 FY27: Achieved. Consolidated EBITDA margin reached 23% in Q1 FY27, exceeding the 20% target. Management has further revised the guidance upwards to 23% for FY27.
- Global Services EBITDA Margin went quiet said Q4 FY24 Promised: 8-10% Q1 FY27: Business remains demerged. Promise not applicable to the parent company.
- Data Center & Enterprise Revenue Share revised up said Q1 FY25 Promised: 25% of revenue from data center products in the medium term Q1 FY27: 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%.
All 18 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 87.4%, net profit up 1870.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,074 | 998 | 1,052 | 1,019 | 1,034 −4% | 1,257 +26% | 1,441 +37% | 1,910 +87% |
| EBITDA | 117 | 106 | 125 | 132 | 129 +10% | 120 +13% | 195 +56% | 385 +192% |
| Net profit | -14 | -24 | -40 | 10 | 4 +129% | -17 +29% | 59 +248% | 197 +1870% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +683.1% 1Y
1Y: ₹114.6 on 10 Sept 2025 → ₹897.4. High ₹897.4 (11 Sept 2026), low ₹86.24 (27 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- +2.8%
- 24 Jul
- Q4 FY26
- +4.6%
- 29 Apr
- Q3 FY26
- −5.3%
- 23 Jan
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.
Financials, as filed
Revenue fell 11.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to 12.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹6.9k Cr | ₹5.2k Cr | ₹4.0k Cr | ₹4.8k Cr |
| Operating profit | ₹890 Cr | ₹548 Cr | ₹412 Cr | ₹576 Cr |
| Operating margin | 12.9% | 10.6% | 10.3% | 12.1% |
| Interest | ₹312 Cr | ₹352 Cr | ₹241 Cr | ₹224 Cr |
| Depreciation | ₹308 Cr | ₹331 Cr | ₹316 Cr | ₹313 Cr |
| Net profit | ₹126 Cr | ₹-57 Cr | ₹-126 Cr | ₹56 Cr |
| Net margin | 1.8% | -1.1% | -3.2% | 1.2% |
| ROCE | 11.0% | 3.0% | 3.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹79 Cr | ₹80 Cr | ₹80 Cr | ₹80 Cr | ₹98 Cr | ₹98 Cr |
| Reserves | ₹1.9k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹1.9k Cr | ₹2.0k Cr | ₹2.2k Cr |
| Borrowings | ₹2.9k Cr | ₹3.5k Cr | ₹3.8k Cr | ₹3.4k Cr | ₹1.9k Cr | ₹1.9k Cr |
| Other liabilities | ₹3.1k Cr | ₹3.3k Cr | ₹2.9k Cr | ₹2.9k Cr | ₹1.9k Cr | ₹2.1k Cr |
| Total liabilities | ₹8.1k Cr | ₹8.7k Cr | ₹8.8k Cr | ₹8.3k Cr | ₹5.8k Cr | ₹6.3k Cr |
| Fixed assets | ₹3.2k Cr | ₹3.4k Cr | ₹3.2k Cr | ₹3.2k Cr | ₹2.9k Cr | ₹3.0k Cr |
| Capital work in progress | ₹227 Cr | ₹143 Cr | ₹129 Cr | ₹62 Cr | ₹43 Cr | ₹19 Cr |
| Investments | ₹303 Cr | ₹92 Cr | ₹136 Cr | ₹123 Cr | ₹213 Cr | ₹467 Cr |
| Other assets | ₹4.3k Cr | ₹5.1k Cr | ₹5.3k Cr | ₹4.9k Cr | ₹2.7k Cr | ₹2.8k Cr |
| Total assets | ₹8.1k Cr | ₹8.7k Cr | ₹8.8k Cr | ₹8.3k Cr | ₹5.8k Cr | ₹6.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jul 2026
Since Jun 2025, FIIs added +12.97 pp while the public trimmed −12.78 pp. The shareholder count shrank 10% to 2,35,524.
- Promoters
- 42.3%
- FIIs
- 19.7%
- DIIs
- 13.3%
- Public
- 24.7%
Since Jun 2025
- FIIs +12.97 pp
- Public −12.78 pp
- Promoters −2.12 pp
How it drifted, 12 quarters
Over this window FIIs went from 4.8% to 19.7% — +15.0 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 54.0%, FIIs 4.8%, DIIs 2.0%, Public 39.3%.Mar '24: Promoters 54.0%, FIIs 5.0%, DIIs 2.0%, Public 39.0%.Jun '24: Promoters 44.2%, FIIs 7.8%, DIIs 11.7%, Public 36.3%.Sep '24: Promoters 44.2%, FIIs 8.4%, DIIs 10.7%, Public 36.8%.Dec '24: Promoters 44.2%, FIIs 8.7%, DIIs 9.4%, Public 37.7%.Mar '25: Promoters 44.2%, FIIs 7.3%, DIIs 11.6%, Public 37.0%.Jun '25: Promoters 44.4%, FIIs 6.7%, DIIs 11.3%, Public 37.5%.Sep '25: Promoters 44.5%, FIIs 11.3%, DIIs 10.8%, Public 33.5%.Dec '25: Promoters 44.5%, FIIs 10.9%, DIIs 11.0%, Public 33.6%.Mar '26: Promoters 44.4%, FIIs 11.5%, DIIs 10.8%, Public 33.2%.Jun '26: Promoters 44.5%, FIIs 18.2%, DIIs 11.4%, Public 25.8%.Jul '26: Promoters 42.3%, FIIs 19.7%, DIIs 13.3%, Public 24.7%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Motilal Oswal Midcap Fund Mutual fund +0.87 pp 5.61% held
The same filing shows 4 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jul 2026 filing
Every holder of Sterlite Technologies Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Twin Star Overseas Ltd | 40.75% | −2.15 pp |
| Motilal Oswal Midcap Fund Mutual fund | 5.61% | +0.87 pp |
| Bandhan Flexi Cap Fund Mutual fund | 2.80% | unchanged |
| Smallcap World Fund, Inc Global fund house | 2.24% | −0.12 pp |
| BNP Paribas Financial Markets - Odi Global fund house | 1.77% | −0.10 pp |
| Sixteenth Street Asian Gems Fund FPI fund | 1.10% | −0.06 pp |
| Vedanta Limited | 0.93% | unchanged |
| Ankit Agarwal | 0.35% | unchanged |
| Pravin Agarwal | 0.21% | unchanged |
| Navin Kumar Agarwal | 0.03% | unchanged |
| Pratik Agarwal | 0.01% | unchanged |
| Ruchira Agarwal | 0.00% | unchanged |
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.
Mutual funds in STLTECH
Filings to Jul 2026
0 new, 0 added, 1 trimmed, 0 sold out — net −1.32 L shares (−2.6%).
- Held by funds
- ₹274 Cr
- 3 schemes
- Biggest holder
- HDFC Large and Mid Cap Fund
- ₹97 Cr · 0.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹97 Cr | held | Apr '24 |
| HDFC Value Fund HDFC Mutual Fund | ₹95 Cr | held | Nov '25 |
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹82 Cr | −1.32 L | Apr '24 |
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 Jul 2026
0 added, 1 trimmed — net −1.32 L shares (−2.6%)
- Funds are sitting on
- +419%
- vs est. average cost
- Held by funds
- ₹274 Cr
- 3 schemes · ≈ 1.2% of the company
- Biggest holder
- HDFC Large and Mid Cap Fund
- ₹97 Cr · 0.3% of that fund
Shares held by these funds +3338%
Aug '23 49.18 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Sterlite Technologies Limited
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