Sterlite Tech climbs after Q2 PAT zooms to Rs 517 cr
Net profit after minority interest and share of joint ventures jumped to Rs 517 crore in Q2 FY27 from Rs 4 crore a year earlier. Sequentially, net profit surged 161.9% from Rs 197 crore in the June quarter.
EBITDA surged 500% YoY and 113.1% QoQ to Rs 846 crore in Q2 FY27. EBITDA for Q2 FY27 and H1 FY27 includes a one-time gain of approximately Rs 161 crore from a US tariff refund. The EBITDA margin expanded to 33.5% from 13.6% a year earlier and 20.8% in the preceding quarter.
Profit before tax, before share of associates and joint ventures, surged to Rs 674 crore from Rs 6 crore in Q2 FY26. It rose 162.3% QoQ from Rs 257 crore in Q1 FY27.
Total expenditure rose 89.7% year on year to Rs 1,717 crore. Raw material costs increased 80.9% YoY to Rs 986 crore, while employee benefits expense rose 32.1% YoY to Rs 206 crore.
STL reported a net cash balance of Rs 703 crore and said its balance sheet was net debt-free. Its open order book stood at Rs 35,274 crore at the end of the quarter.
?Q2 FY27 is our best quarter yet, with the highest revenue and EBITDA in STL?s history. It reflects the strength of demand for AI-ready digital infrastructure,? said Ankit Agarwal, managing director of STL. He added that multi-year agreements secured during the quarter, alongside the order book, provide visibility as hyperscalers and telecom operators expand digital infrastructure and networks.
The company said its capacity expansion plans are anchored by contracted customer demand. CRISIL upgraded its long-term rating to AA/Stable from AA- and reaffirmed its A1+ short-term rating.
STL provides end-to-end connectivity solutions for AI-ready infrastructure, FTTx, rural, enterprise and data centre networks. With manufacturing facilities across North America, Europe and Asia, the company serves customers in more than 100 countries, including data centre and cloud companies, telecom operators, internet service providers and large enterprises.
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