Sterlite Technologies Limited has announced its financial results for the fiscal year ended March 31, 2026, reporting a return to profitability. The company recorded a net profit of ₹56 crore, a significant turnaround from the net loss of ₹72 crore posted in the previous fiscal year. This recovery was supported by robust revenue growth and improved operational efficiencies across its business segments.

Financial Performance

The company's revenue from operations for FY26 rose to ₹4,745 crore, up from ₹3,996 crore in FY25. Earnings before interest, depreciation, amortization, and exceptional items (EBITDA) increased to ₹628 crore from ₹452 crore in the prior year. Consequently, the EBITDA margin expanded to 13.2% in FY26 compared to 11.3% in FY25.

*Figures are from continued operations.

Order Book and Debt

Sterlite Technologies witnessed a substantial increase in its order book, which grew by 67% to reach ₹7,309 crore in FY26 from ₹4,378 crore in FY25. On the balance sheet front, the company's net debt stood at ₹1,128 crore. The net debt to equity ratio was reported at 0.5, while the net debt to EBITDA ratio was 1.3x.

Segment and Geographical Mix

The revenue mix for FY26 was diversified, with the Telecom & Citizen Networks segment contributing 81% of total revenue, while the Enterprise and Data Centre segment accounted for the remaining 19%. Geographically, the Americas and Europe each contributed 39% of the revenue, while the Rest of the World (ROW) made up 22%.

Strategic Priorities and Outlook

Looking ahead to FY27, Sterlite Technologies has outlined strategic priorities focused on growing its optical fibre cable (OFC) market share and scaling the Enterprise & Data Centre segment. The company aims to drive technology leadership in next-gen optical platforms while maintaining a relentless focus on operational and cost efficiencies to sustain profitability.

Sterlite Technologies Limited has issued a Postal Ballot Notice seeking shareholder approval to raise funds up to ₹2,000 Crores. The company proposes to utilize Qualified Institutional Placements (QIP), External Commercial Borrowings (ECBs), Foreign Currency Convertible Bonds (FCCBs), American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), and convertible preference shares for this purpose. The resolution requires consent under Section 62 of the Companies Act, 2013.

Postal Ballot Agenda

The special resolution seeks authorization to create, offer, issue, and allot various securities in one or more tranches. The aggregate consideration for the proposed issue is capped at ₹2,000 Crores (inclusive of premium). The instruments may be denominated in Indian Rupees or foreign currencies, depending on the mode of issuance and prevailing market conditions.

Record Date and E-Voting Schedule

The Postal Ballot Notice was dispatched electronically to members whose names appeared in the Register of Members or Register of Beneficial Owners as on the cut-off date of Friday, May 8, 2026. The company has engaged M/s Kfin Technologies Limited as the Registrar and Transfer Agent to facilitate the remote e-voting process.

Voting rights are proportionate to the shares held by members as on the cut-off date. The e-voting facility will be disabled after the deadline, and no votes will be accepted thereafter.

Scrutinizer and Process

Mr. B. Narasimhan, Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the electronic voting process is conducted fairly. The Scrutinizer will submit a report to the Chairman by June 18, 2026, following which the results will be declared. The outcome will be filed with the stock exchanges and hosted on the company’s website.

Utilization of Proceeds

The net proceeds from the issue are intended to support strategic objectives including capital expenditure for expansion, repayment of borrowings, funding organic and inorganic growth opportunities, and general corporate purposes. The funds may also be used for acquisitions and strengthening operational capabilities.