Sterlite Technologies Q2 Results: Profit Surges 12,817% YoY to ₹517 Crore, Revenue Jumps 145%

Sterlite Technologies reported Q2 FY27 net profit of ₹517 crore, up 12,817% year on year from ₹4 crore, with a one-time tariff refund gain contributing to the increase. The company also attributed the result to demand for optical connectivity products and improved margins.

₹517 crore profit follows a ₹4 crore year-ago base

Sterlite Technologies said its Q2 FY27 net profit of ₹517 crore compared with ₹4 crore in the corresponding quarter a year earlier. It attributed the increase to demand for optical connectivity products, improved margins and the one-time tariff refund gain.

Revenue from operations rose 145% year on year to a record ₹2,529 crore from ₹1,034 crore, according to the company. EBITDA rose sixfold to ₹846 crore from ₹141 crore, and the company said revenue and EBITDA were records.

For the sequential comparison, the company said net profit rose 162% from ₹197 crore in the June quarter. It reported revenue of ₹1,910 crore and EBITDA of ₹397 crore for that quarter, with revenue increasing 32% and EBITDA more than doubling in Q2 FY27.

₹35,274 crore order book accompanies a net debt-free quarter

The company's open order book stood at ₹35,274 crore at the end of September. Sterlite Technologies also reported a net debt-free balance sheet during the quarter.

AI infrastructure demand supports record quarterly figures

Sterlite Technologies said investments in artificial intelligence infrastructure and demand from hyperscale data centre operators and telecom companies supported its Q2 FY27 performance.

The company said demand for AI-ready digital infrastructure accelerated as hyperscalers expanded data centre capacity and required higher fibre density than conventional cloud infrastructure.

Ankit Agarwal, Managing Director, Sterlite Technologies, explains the company’s quarterly performance amid increasing demand for AI-ready digital infrastructure.

Multi-year agreements included a ₹11,500 crore supply arrangement

Sterlite Technologies has bagged several multi-year supply deals with global hyperscalers and telecom operators in the first half of FY27, the company said in a statement.

The company disclosed a $1.2 billion, or ₹11,500 crore, agreement with a hyperscaler for optical connectivity supplies between calendar years 2026 and 2030.

It also disclosed a $1.11 billion, or ₹10,500 crore, product award letter from another hyperscaler for supplies between FY27 and FY29.

Other disclosed contracts included agreements worth $288 million, $210 million and ₹2,000 crore, along with a ₹960 crore optical cable supply agreement with an Indian telecom operator.

The optical connectivity attach rate reached 24% during the first half of FY27, the company said.