Sterlite Technologies Limited — Q4 and FY ended March 31, 2026
Financials (INR Cr)
| Metric |
FY’26 |
FY’25 |
Q4 FY’26 |
Q4 FY’25 |
| Revenue |
4,745 |
3,996 |
1,441 |
1,052 |
| EBITDA |
628 |
452 |
218 |
146 |
| Period |
Value |
| Q1FY26 |
1,020 |
| Q2FY26 |
1,034 |
| Q3FY26 |
1,257 |
| Q4FY25 |
1,052 |
| Q4FY26 |
1,441 |
| FY25 |
3,996 |
| FY26 |
4,745 |
| Period |
EBITDA (INR Crs) |
EBITDA % |
| Q1FY26 |
140 |
13.7 |
| Q2FY26 |
141 |
13.6 |
| Q3FY26 |
129 |
10.3 |
| Q4FY25 |
146 |
13.9 |
| Q4FY26 |
218 |
15.1 |
| FY25 |
452 |
11.3 |
| FY26 |
628 |
13.2 |
| Period |
Value |
| Q1FY26 |
10 |
| Q2FY26 |
4 |
| Q3FY26 |
-17 |
| Q4FY25 |
5 |
| Q4FY26 |
59 |
| FY25 |
-72 |
| FY26 |
56 |
| Quarter |
Operational EBITDA % |
US Tariff Impact % |
| Q3 FY25 |
11.1 |
|
| Q4 FY25 |
13.8 |
|
| Q1 FY26 |
14.4 |
-0.7 |
| Q2 FY26 |
16.7 |
-3.1 |
| Q3 FY26 |
17.9 |
-7.6 |
| Q4 FY26 |
21.1 |
-6.0 |
Segment distribution (Revenues) (INR Cr.)
| Fiscal Year |
Enterprise and Data Centre |
Telecom & Citizen Networks |
Total Revenues (INR Cr.) |
| FY25 |
21% |
79% |
3,996 |
| FY26 |
19% |
81% |
4,745 |
Geographical distribution (Revenues) (INR Cr.)
| Fiscal Year |
Americas |
Europe |
ROW (Rest of World) |
Total Revenues (INR Cr.) |
| FY25 |
25% |
47% |
28% |
3,996 |
| FY26 |
39% |
39% |
22% |
4,745 |
Open order book (INR Cr.)
| Fiscal Year |
Value |
| FY25 |
4,378 |
| FY26 |
7,309 |
Order book spread (INR Cr.)
| Period |
Value |
| Q1 FY27 |
1,468 |
| Q2 FY27 & Beyond |
5,841 |
Consolidated financials: Abridged version
| P&L (INR Cr.) |
Q4 FY25 |
Q3 FY26 |
Q4 FY26 |
FY25 |
FY26 |
| Revenue*** |
1,052 |
1,257 |
1,441 |
3,996 |
4,745 |
| EBITDA*** |
146 |
129 |
218 |
452 |
628 |
| EBITDA % |
13.9% |
10.3% |
15.1% |
11.3% |
13.2% |
| Depreciation |
(79) |
(79) |
(77) |
(316) |
(313) |
| EBIT* |
67 |
50 |
141 |
136 |
315 |
| Finance Costs |
(65) |
(56) |
(63) |
(241) |
(224) |
| Exceptional Items |
– |
(15) |
31 |
– |
16 |
PBT*
(Before share of Associates and JV) |
2 |
(21) |
109 |
(105) |
107 |
| Tax |
3 |
4 |
(50) |
33 |
(51) |
Net Profit*
(After minority Interest & share of JV) |
5 |
(17) |
59 |
(72) |
56 |
| Profit (loss) from discontinued operations |
(45) |
– |
– |
(51) |
– |
| Net Profit |
(40) |
(17) |
59 |
(123) |
56 |
STL Digital: Business & Financial Highlights
| Period |
Q1 FY26 |
Q2 FY26 |
Q3 FY26 |
Q4 FY25 |
Q4 FY26 |
FY25 |
FY26 |
| Revenue* (INR Cr.) |
64 |
65 |
86 |
78 |
69 |
290 |
284 |
| Period |
Q1 FY25 |
Q2 FY26 |
Q3 FY26 |
Q4 FY25 |
Q4 FY26 |
FY25 |
FY26 |
| EBITDA* (INR Cr.) |
1 |
1 |
1 |
5 |
0.2 |
-23 |
3 |
STL’s AI-DC Portfolio
| Generation |
Description |
Throughput |
| 400G |
Standard (Netflix-scale) |
400 G |
| 800G |
Current AI Sweet Spot |
800 G |
| 1.6T |
Upcoming “Super-Highway” |
1.6 T |
The Density Journey
| Era |
Fibres per Rack |
| Cloud (<2023) |
500 |
| 32 GPU AI Node (2023–24) |
4,000 |
| 72 GPU AI Node (2025–26) |
12,000 |
| 144–288 GPU AI Node (Future) |
16,000 |
India DC Capacity Expansion
| Year |
Capacity (GW) |
| 2025 |
1.4 |
| 2030E |
8 |
Strategic Announcements
| Company |
Announcement |
| TCS |
1GW+ DC Capacity Plan |
| Sify |
50MW Vizag DC |
| Google |
US$15Bn Vizag DC |
| Adani |
US$100Bn | 5GW by 2035 |
| Microsoft |
US$17.5Bn India DC Buildout |
| Reliance |
∼1GW Jamnagar DC |
| CtrlS |
60MW Kolkata | 900MW Expandable |
Policy Tailwinds
| Policy Aspect |
Details |
| State Incentives |
Subsidies & Power Benefits |
| Tax Holidays till 2047 |
Income Tax Exemptions |
| Digital Infrastructure Push |
AI & Connectivity Boost |
Opportunity Size
| Year |
Non-AI Workload |
AI Workload |
Total |
| 2025 |
38 |
44 |
82 |
| 2026 |
40 |
62 |
103 |
| 2027 |
45 |
83 |
128 |
| 2028 |
50 |
102 |
153 |
| 2029 |
56 |
124 |
181 |
| 2030 |
64 |
156 |
219 |
STL Financial Highlights (Q4 FY25-26 Financial Results)
| Period |
Value |
| Q1FY26 |
1,020 |
| Q2FY26 |
1,034 |
| Q3FY26 |
1,257 |
| Q4FY25 |
1,052 |
| Q4FY26 |
1,441 |
| FY25 |
3,996 |
| FY26 |
4,745 |
STERLITE TECHNOLOGIES LIMITED — CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026 (₹ in crores except EPS)
| Particulars |
Quarter ended March 26 (Unaudited) |
Quarter ended December 25 (Unaudited) |
Quarter ended March 25 (Unaudited) |
Year ended March 26 (Audited) |
Year ended March 25 (Audited) |
| Revenue from operations |
1,441 |
1,257 |
1,052 |
4,745 |
3,996 |
| Other income |
23 |
9 |
21 |
59 |
36 |
| Total income |
1,464 |
1,266 |
1,073 |
4,804 |
4,032 |
| Total expenditure |
1,246 |
1,137 |
927 |
4,176 |
3,580 |
| Cost of raw materials and components consumed |
651 |
711 |
502 |
2,461 |
1,957 |
| Purchase of stock-in-trade |
0 |
0 |
0 |
0 |
0 |
| (Increase) / decrease in inventories of finished goods, work in progress and stock-in-trade |
68 |
(55) |
71 |
(76) |
44 |
| Employee benefits expense |
178 |
169 |
142 |
659 |
610 |
| Net impairment losses on financial and contract assets |
17 |
0 |
6 |
17 |
6 |
| Other expenses |
332 |
312 |
206 |
1,115 |
963 |
| Earnings before exceptional item, interest, tax, depreciation and amortisation (EBITDA from continuing operations) |
218 |
129 |
146 |
628 |
452 |
| Finance costs |
63 |
56 |
65 |
224 |
241 |
| Depreciation and amortisation expense |
77 |
79 |
79 |
313 |
316 |
| Profit/(loss) before exceptional item and tax from continuing operations |
78 |
(6) |
2 |
91 |
(105) |
| Exceptional items (Refer note 9) |
31 |
(15) |
0 |
16 |
0 |
| Profit/(loss) before tax from continuing operations |
109 |
(21) |
2 |
107 |
(105) |
| Current tax |
50 |
(4) |
(3) |
51 |
(33) |
| Deferred tax (Refer note 10) |
5 |
7 |
22 |
32 |
33 |
| Tax expense/(credit) |
45 |
(11) |
(25) |
19 |
(66) |
| Net profit/(loss) after tax from continuing operations |
59 |
(17) |
5 |
56 |
(72) |
| Profit/(loss) from discontinued operations (net of tax) (refer note 5) |
0 |
0 |
(45) |
0 |
(51) |
| Net profit/(loss) for the period / year |
59 |
(17) |
(40) |
56 |
(123) |
| Total other comprehensive income / (loss) for the period / year |
25 |
19 |
14 |
93 |
20 |
| Total comprehensive income / (loss) for the period / year |
84 |
2 |
(26) |
149 |
(103) |
| Paid-up equity share capital (face value of ₹ 2 per share fully paid-up) |
98 |
98 |
98 |
98 |
98 |
| Other Equity |
0 |
0 |
0 |
2,170 |
1,392 |
| Basic EPS – from continuing operations (₹) |
1.21 |
(0.35) |
0.10 |
1.15 |
(1.48) |
| Diluted EPS – from continuing operations (₹) |
1.17 |
(0.35) |
0.10 |
1.11 |
(1.48) |
| Basic EPS – from discontinued operations (₹) |
0 |
0 |
(0.94) |
0 |
(1.06) |
| Diluted EPS – from discontinued operations (₹) |
0 |
0 |
(0.94) |
0 |
(1.06) |
| Basic EPS – from continuing and discontinued operations (₹) |
1.21 |
(0.35) |
(0.84) |
1.15 |
(2.54) |
| Diluted EPS – from continuing and discontinued operations (₹) |
1.17 |
(0.35) |
(0.84) |
1.11 |
(2.54) |
STERLITE TECHNOLOGIES LIMITED — CONSOLIDATED SEGMENT-WISE REVENUE, RESULTS, ASSETS AND LIABILITIES (₹ in crores)
| Particulars |
Quarter ended March 26 (Unaudited) |
Quarter ended December 25 (Unaudited) |
Quarter ended March 25 (Unaudited) |
Year ended March 26 (Audited) |
Year ended March 25 (Audited) |
| 1. Segment revenue: Optical networking business |
1,378 |
1,174 |
979 |
4,486 |
3,741 |
| 1. Segment revenue: Digital and technology solutions |
69 |
86 |
78 |
284 |
290 |
| 1. Segment revenue: Inter segment elimination |
(6) |
(3) |
(5) |
(25) |
(35) |
| Revenue from continuing operations |
1,441 |
1,257 |
1,052 |
4,745 |
3,996 |
| 2. Segment Results (EBITDA): Optical networking business |
202 |
131 |
125 |
606 |
464 |
| 2. Segment Results (EBITDA): Digital and technology solutions |
0 |
1 |
5 |
3 |
(23) |
| Total segment results |
202 |
132 |
130 |
609 |
441 |
| Net unallocated income |
16 |
(3) |
16 |
19 |
11 |
| Total EBITDA from continuing operations |
218 |
129 |
146 |
628 |
452 |
| Finance cost |
63 |
56 |
65 |
224 |
241 |
| Depreciation and amortisation expense |
77 |
79 |
79 |
313 |
316 |
| Profit/(loss) before exceptional item and tax from continuing operations |
78 |
(61) |
2 |
91 |
(105) |
| Exceptional items (Refer note 9) |
31 |
(15) |
0 |
16 |
0 |
| Profit/(Loss) before tax from continuing operations |
109 |
(21) |
2 |
107 |
(105) |
| 3. Segment assets: Optical networking business |
5,399 |
4,767 |
4,486 |
5,399 |
4,486 |
| 3. Segment assets: Digital and technology solutions |
185 |
173 |
170 |
185 |
170 |
| Total segment assets |
5,584 |
4,940 |
4,656 |
5,584 |
4,656 |
| Inter segment elimination |
(2) |
(2) |
(60) |
(2) |
(60) |
| Unallocated assets |
764 |
1,268 |
924 |
764 |
924 |
| Total assets |
6,346 |
6,206 |
5,520 |
6,346 |
5,520 |
| 4. Segment Liabilities: Optical networking business |
1,969 |
1,633 |
1,362 |
1,969 |
1,362 |
| 4. Segment Liabilities: Digital and technology solutions |
195 |
182 |
153 |
195 |
153 |
| Total segment liabilities |
2,164 |
1,815 |
1,515 |
2,164 |
1,515 |
| Inter segment elimination |
(2) |
(2) |
(60) |
(2) |
(60) |
| Unallocated liabilities |
1,916 |
2,336 |
2,075 |
1,916 |
2,075 |
| Total liabilities |
4,078 |
4,149 |
3,530 |
4,078 |
3,530 |
STERLITE TECHNOLOGIES LIMITED — CONSOLIDATED BALANCE SHEET AS AT MARCH 31, 2026 (₹ in Crores)
| Particulars |
31 March 2026 (Audited) |
31 March 2025 (Audited) |
| Assets |
|
|
| I. Non-current assets |
|
|
| (a) Property plant & equipment |
2,693 |
2,568 |
| (b) Capital work-in-progress |
19 |
23 |
| (c) Investment Property |
3 |
3 |
| (d) Goodwill |
194 |
166 |
| (e) Other intangible assets |
81 |
91 |
| (f) Deferred tax assets (net) |
97 |
146 |
| (g) Financial assets (i) Investments |
463 |
90 |
| (g) Financial assets (ii) Other non-current financial assets |
31 |
9 |
| (h) Non-current tax assets (net) |
54 |
31 |
| (i) Other non-current assets |
48 |
8 |
| Total non-current |
|
|
