Sterlite Tech surged 3.8% to ₹831 after reporting a ₹517 crore net profit in Q2, a 165% jump from ₹197 crore in Q1, while revenue hit ₹2,529 crore, up 32.4% sequentially.
EBITDA climbed to ₹812 crore, more than doubling from ₹385 crore, and the EBITDA margin ballooned to 32.1%, up 12 percentage points from 20.2% in Q1.
The company secured a $1.2bn multi‑year hyperscaler order and a $1.11bn product award, adding a ₹210 million telecom win and a ₹960 crore optical cable contract, boosting its open order book to ₹35,274 crore, 4.6x from the previous year.
Sterlite's global optic fibre cable market share swelled to 9% in FY26, up from 7% last year, while its DC & Cloud segment now accounts for 53% of topline versus 75% a year ago, with Telecom & Citizens network contributing 33%.
Under roadmap Lakshya, the firm targets FY27‑29 revenue of ₹20,000 crore—four times FY26—and has lifted its margin guidance to 30% from 27%, a bet on continued hyperscaler demand. Net cash stood at ₹703 crore at quarter end, providing a buffer for the aggressive outlook.