Sterlite Technologies hosts Q1 FY27 earnings call recording on website

Sterlite Technologies Limited has made the audio recording of its Q1 FY27 earnings call available to investors and analysts. The earnings call, which discussed the company's financial results for the quarter ended June 30, 2026, was held on July 24, 2026. This update follows the company's earlier notification regarding the scheduled investor interaction.

The recording is hosted on the company's official website under the 'Financial Results – Quarter 1 - Investor Earnings Call Recording' tab. Investors can access the file at https://stl.tech/download/ . The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Earnings Call Overview

The session provided management with a platform to review the company's performance during the first quarter of fiscal year 2026-27 (Q1 FY27). Key executives participated in the discussion to address queries from stakeholders.

Parameter	Details
Event	Q1 FY27 Earnings Call
Date Held	July 24, 2026
Recording Status	Available Online

Management Participation

The leadership team representing Sterlite Technologies during the call included:

Ankit Agarwal, Managing Director
Ajay Jhanjhari, CFO

Access Details

Previously, participants could join the live webinar via registration or use universal dial-in numbers for audio access. International toll-free lines were available for Singapore, Hong Kong, the UK, and the USA. While live attendees using the Zoom app could ask questions, dial-in users were in listen-only mode. The financial results were released on the corporate website prior to the call.

Regulatory Compliance

The company informed the National Stock Exchange of India Limited and BSE Limited about the availability of the recording via a letter dated July 25, 2026. Mrunal Asawadekar, Company Secretary & Compliance Officer, signed the disclosure document.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.97%	+2.19%	+25.01%	+316.13%	+403.30%	+222.89%

Sterlite Technologies Limited will hold its 27th Annual General Meeting (AGM) on Wednesday, August 19, 2026, at 9:30 A.M. IST via Video Conferencing or Other Audio-Visual Means (OAVM) to approve the re-appointment of Ankit Agarwal as Managing Director for five years and ratify executive remuneration. The Board is seeking shareholder approval for these special resolutions alongside the adoption of audited financial statements for FY26, which reported a profit of ₹56 crore from continuing operations despite significant headwinds including US tariffs and geopolitical supply chain disruptions. This meeting is critical for shareholders as it determines leadership continuity and approves managerial pay under inadequate profit conditions.

The remote e-voting period opens on Sunday, August 16, 2026, at 9:00 A.M. and closes on Tuesday, August 18, 2026, at 5:00 P.M. Only members whose names appear in the Register of Members or Depository records as of the cut-off date, Wednesday, August 12, 2026, are eligible to vote. KFin Technologies Limited serves as the authorized agency for conducting the meeting and providing e-voting facilities. The deemed venue for the AGM is the Registered Office of the Company in Pune.

Key Agenda Items

The AGM notice outlines several ordinary and special businesses for shareholder consideration:

Resolution Type	Item Description	Details
Ordinary	Financial Statements	Adoption of Audited Standalone and Consolidated Financial Statements for FY26.
Ordinary	Director Re-appointment	Re-appointment of Venkatesh Murthy, who retires by rotation.
Special	MD Re-appointment	Re-appointment of Ankit Agarwal as Managing Director for five years (Oct 08, 2026 – Oct 07, 2031).
Special	Remuneration Approval	Ratification of ₹3.69 crore paid to Ankit Agarwal in FY26 as minimum remuneration due to inadequate profits.
Special	Director Commission	Approval of ₹144.59 lakh commission for Independent Non-executive Directors for FY26.
Special	Cost Auditor	Ratification of ₹1.50 lakh remuneration for Cost Auditor Kiran Naik for FY27.

Remuneration and Profitability Context

The company disclosed inadequate profits for FY26, necessitating shareholder approval for managerial remuneration under Section 197 and Schedule V of the Companies Act, 2013. Ankit Agarwal’s remuneration for FY26 was ₹3.69 crore, paid as minimum remuneration. His proposed maximum annual limit for the next five-year term is ₹10 crore, plus perquisites and a performance-based incentive capped at 200% of his basic salary.

Despite reporting a ₹56 crore profit from continuing operations, the company cited severe margin pressure from US tariff resets, which reduced EBITDA margins by up to 760 basis points in Q3FY26. Additional challenges included supply chain cost inflation for helium and polymers, export controls on germanium, and a cyclical decline in the copper segment. The Board highlighted strategic initiatives such as ramping up localized production in South Carolina and transitioning to high-margin products like high-count intermittent bonded ribbon cables to mitigate these risks.

What the Numbers Show

The financial data reveals a divergence between operational resilience and external regulatory pressures. While revenue from operations declined to ₹2,446 crore in FY26 from ₹3,952 crore in FY24, EBITDA improved significantly to ₹322 crore from ₹160 crore in FY25. This suggests successful cost management and product mix optimization despite lower top-line growth. However, finance costs remained elevated at ₹152 crore, highlighting the continued burden of debt servicing. The company targets reducing net debt-to-EBITDA to less than 1.2x by FY27, indicating a focused deleveraging strategy alongside margin recovery efforts.