Sterlite Technologies Reports Record Q1 FY27 Revenue of ₹1,910 Cr

Sterlite Technologies Limited (STL) announced its Q1 FY27 financial results, reporting a record revenue of ₹1,910 Cr, an 87% year-on-year increase. EBITDA also reached a record high of ₹397 Cr, up 184% YoY, with an EBITDA margin of 20.8%. The company achieved a net debt-free balance sheet following a ₹1,500 Cr Qualified Institutions Placement (QIP). Key wins include a US$1.11 billion contract for AI data centers and multiple hyperscaler orders. CRISIL revised its outlook to 'Stable' and ICRA upgraded the credit rating to 'AA (Stable)'. STL also highlighted advancements in its AI-DC portfolio, including Neuralis and CONCAT solutions.