STSterlite Technologies532374Optic fiber, telecom

Sterlite Technologies reported record quarterly revenue in Q2 and upgraded its FY29 margin guidance to 30% from 27%, reaffirming its 20,000 crore rupee revenue target

By ScoutQuest · Mon 26 Oct 2026, 8:37 AM IST · 1 min read

H1 revenue

4,500 crore rupees

FY29 revenue target

20,000 crore rupees

Upgraded EBITDA margin guidance

30 percent

Previous EBITDA margin guidance

27 percent

Open order book

35,000 crore rupees

Heard on business television between 08:37:29 - 08:40:29 IST.

• MD Ankit Agarwal said H1 revenues were close to 4,500 crore rupees against a FY29 target of 20,000 crore rupees under its 'Lakshya' plan, nearly 4X FY26 revenue.
• Company upgraded EBITDA margin guidance from 27% to 30%, citing rising data center revenue mix and higher-margin connectivity products (30%+ margins).
• Open order book stood at over 35,000 crore rupees, multi-fold higher than at the start of the year, driven by North America and hyperscaler demand.
• Data center contribution was about 33% of H1 revenue, targeted to rise to 50-60% by FY29; company to invest 2% of revenue in R&D.
• Announced a three-year partnership with a tier-one Indian telecom operator; balance sheet has about 700 crore rupees net cash.

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