Sterlite Technologies Ltd (STLTECH) Q1 FY27 Results Analysis: PAT Surges 1,870%, Order Book Hits Rs. 18,618 Cr

Sterlite Technologies Ltd reported Q1 FY27 numbers with revenue of Rs. 1,910.00 Cr (+87.40% YoY) and PAT growth of +1870.00% YoY. Here's a quick read of what worked, what to watch, and what management said.

Quarter Snapshot

STLTECH delivered a record quarter with revenue up 87% YoY, EBITDA margin at 20.8% (highest in ~20 quarters), and PAT surging 1,870% YoY. The order book swelled to Rs.18,618 Cr, and a Rs.1,500 Cr QIP post-quarter further strengthened the balance sheet. The key risk is the unresolved Prysmian litigation, but overall execution has been exceptional.

Key Investment Insights

Key Positives

• Revenue grew 87.4% YoY to Rs.1,910 Cr, highest-ever quarterly level
• EBITDA margin expanded 710 bps YoY to 20.8%, highest in ~20 quarters
• PAT grew 1,870% YoY to Rs.197 Cr
• Debt equity ratio halved from 0.71 to 0.39
• Order book increased to Rs.18,618 Cr from Rs.7,309 Cr in Q4 FY26
• Credit rating upgraded by CRISIL and ICRA

Risk Factors

• Prysmian litigation of $101.25 million remains unresolved, with appeal filed
• Inventory build-up of Rs.158 Cr (8.3% of revenue) could reverse in future quarters, impacting earnings