Sterlite Technologies Limited · NSE:STLTECH
Sterlite Technologies — Q2 FY2026 Earnings Presentation
34 slides from Sterlite Technologies's earnings presentation, Nov 6, 2025
Slide 1: Earnings Presentation Q2FY26
Earnings Presentation Earnings Call Q2FY26 6th Nov 2025
Slide 2: Safe Harbour
Safe Harbour Certain words and statements in this communication concerning Sterlite Technologies Limited (“the Company”) and its prospects, and other statements relating to the Company’s expected financial position, business strategy, the future development of the Company’s operations and the genera
Slide 3: Ankit Agarwal, Managing Director
Ankit Agarwal Managing Director A believer in purpose-led organizations, Ankit has been leading STL’s growth journey as it transforms billions of lives by connecting the world. He holds sustainability very close to his heart and is leading the company’s ambitious Net-Zero by 2030 target, from the fr
Slide 4: Strategic Priorities for FY26
Strategic Priorities for FY26 1 Strategic Focus on gaining Focus on profitable Robust Priorities 2 market share in 3 growth in STL 4 Financials for FY26 Optical business Digital © 2025-2026 Sterlite Technologies Limited 4
Slide 5: STL is a leading player in global digital connectivity infrastructure
STL is a leading player in global digital connectivity infrastructure ` Customer Segments #1 End-to-end optical manufacturer in India 7% Global Market Share in OFC (Ex-China) Telcos DC and Cloud Citizen Networks Large Enterprises 30+ Years of industry leadership Business Units & Offerings Optical Di
Slide 6: Glass to Gigabit Connectivity – Presence Across Value Chain
Glass to Gigabit Connectivity – Presence Across Value Chain Breakthrough Innovations Redefining Optical Infrastructure Stellar Bend-Insensitive Fiber Celesta Ribbon Cables Industry-leading flexibility with minimal signal loss — Compact, high-density, faster installs — engineered for optimized for de
Slide 7: Strategic priorities for FY26: Grow and Build
Strategic priorities for FY26 Grow Build Optical Networking STL Digital • Increasing OFC market share and • Consciously invest in building optical connectivity attach rate technology and domain capability • Rapidly building data centre product • Focus on profitable growth portfolio • Driving technol
Slide 8: Optical Business; STL's focus on gaining market share
Optical Business; STL’s focus on gaining market share 2 Strategic Focus on gaining Focus on Robust 1 Priorities for market share in 3 profitable growth 4 Financials FY26 Optical business in STL Digital © 2025-2026 Sterlite Technologies Limited 8
Slide 9: Three investments cycles coinciding
Three investments cycles coinciding Multi-year network build cycle FTTx Data Centres 5G Global Supported by: • DCs giving rise to long haul Rise in no of Global 5G Operators Global FTTx deployments – OFC mfkm fibre deployments for inter 150 170 DC connectivity CAGR in global optical cable 509 515 52
Slide 10: Fiber remains the backbone of all digital infrastructure
Fiber remains the backbone of all digital infrastructure 5G, FTTH, AI-DC all bank on the DNA that is optical fiber “Best broadband technology available today – Airtel accelerating fibre rollout to power broadband fiber.” growth we are future-proofing our network with accelerated fibre deployment AT&
Slide 11: AI revolution and data centre expansion presenting unprecedented opportunity
AI revolution and data centre expansion presenting unprecedented opportunity Opportunity Size Fibre explosion Inside DC STL’s AI-DC Portfolio Estimated global data centre capacity demand, gigawatts Non-AI Workload 219 36x more fiber required for Make in India for the World AI Workload 181 64 GPU-den
Slide 12: A clear multi-year upcycle in global fibre demand building from 2025
A clear multi-year upcycle in global fibre demand building from 2025 Reflections 700 As per CRU; 650 627 604 • Global optical cable demand is expected to 600 579 556 OFC Demand (Mn Fkm) return to growth in 2025, rising ~1.7% YoY, 537 524 533 supported by improving rollout visibility across 500 key m
Slide 13: STL capturing the most from market recovery – strong order intake
STL capturing the most from market recovery – strong order intake Order Intake (INR Cr.) Key Strategic Wins 1,529 ▪ Multi-Year Commitment: Signed 2-3 years Long-Term 1340 Supply Agreement (LTSA) with a leading European telecom operators (UK, Italy & France) ▪ Strong Momentum in North America: 653 56
Slide 14: Driving Innovation Leadership - Technology Update
Driving Innovation Leadership - Technology Update Key Developments This Quarter IP Portfolio Connectivity portfolio (US) - Launched CONCAT, a pre-connectorised, plug-and- 750 patents (filed and granted) play fibre solution that simplifies deployment and reduces rollout costs 26 new patents filed in
Slide 15: Strengthened DC portfolio: World's Slimmest IBR cable Launched
Strengthened DC portfolio: World’s Slimmest IBR cable Launched Comprehensive Solution Suite • Fiber and copper cabling for data centres, campuses, and smart buildings. • Pre-terminated multi-fiber systems with LC/MPO connectors for rapid deployment. • Celesta high-density IBR technology ensures low-
Slide 16: Multi-Core Fibre: Innovation for Quantum-Safe, Multi-Terabit Networks
Multi-Core Fibre: Innovation for Quantum-Safe, Multi-Terabit Networks Secure More. Transmit More Multi-Core Fibre for Quantum-Safe Networks • Multi-Core Fibre (MCF) contains multiple independent data cores within a single optical fibre strand. • Enables 4x–7x higher data capacity compared to standar
Slide 17: Market share and optical connectivity attach rate
Market share and optical connectivity attach rate Global (ex-China) OFC market share Optical connectivity attach rate 22% 20% 8% 7% FY25 H1FY26 FY25 H1FY26 Market Share = STL Sales Volume / Total Market Demand Attach rate = Optical connectivity revenue / OFC revenue Stable OFC market share. Focus on
Slide 18: Optical Networking Business financial highlights
Optical Networking Business financial highlights Revenue* (INR Cr.) 1,837 1,941 1,027 980 924 979 961 Q2 FY26 revenue at INR 980 Cr • Improved volumes and revenues on QoQ basis Q3FY25 Q4FY25 Q1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2 FY26 EBITDA margin at 13.9% EBITDA* (INR Cr.) EBITDA % • Improved EBITD
Slide 19: Well positioned to grow the Optical Networking Business
Well positioned to grow the Optical Networking Business 1 Local capacities: Completed capacity expansions, positioned closer to focused markets and well placed to win in the market - seeing good traction in the North American market 2 Cost structure: Actions taken are starting to show positive effec
Slide 20: Focus on growth in STL Digital
Focus on growth in STL Digital Focus on Strategic 1 Priorities for FY26 2 Focus on gaining market share in Optical business 3 profitable growth in STL Digital 4 Robust Financials 2 © 2025-2026 Sterlite Technologies Limited 0
Slide 21: Continued growth momentum in STL Digital
Continued growth momentum in STL Digital Global Presence Service offerings Industry vertical ▪ We added 3 new logos in Q2, making our • Communication, media & customer count to 33 • Data analytics & AI services ▪ We have signed multimillion, multiyear • Cloud & cyber security • Technology contract f
Slide 22: Digital business financial highlights
Digital business financial highlights Revenue* (INR Cr.) 77 78 135 129 64 64 65 Q2 FY26 Revenue at INR 65 Cr Q3FY25 Q4FY25 Q1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2 FY26 EBITDA at INR 1 Cr EBITDA*(INR Cr.) • Sustained profitable growth, delivering consecutive EBITDA- Q3FY25 Q4FY25 Q1FY26 Q2FY25 Q2FY26 H
Slide 23: Ajay Jhanjhari, Chief Financial Officer
Ajay Jhanjhari Chief Financial Officer Ajay is Chartered Accountant and has a rich experience of nearly 15 years bring a deep expertise in the areas of fundraising, capital allocation, merger & acquisition, treasury management, and Business partnering. As the Chief Financial Officer at STL, his visi
Slide 24: Focus on maintaining operating profitability & reducing debt
Focus on maintaining operating profitability & reducing debt Strategic 1 Priorities for FY26 2 Focus on gaining market share in Optical business 3 Focus on profitable growth in STL Digital 4 Robust Financials © 2025-2026 Sterlite Technologies Limited 24
Slide 25: STL financial highlights
STL financial highlights EBITDA % EBITDA (INR Crs) Revenue (INR Crs) +46% +6% 999 1,052 1,020 1,074 1,034 1,946 2,054 146.0 140.0 141.0 281.0 119.0 111.0 192.0 11.1 13.8 13.7 11.2 13.6 9.9 13.7 Q3FY25 Q4FY25 Q1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 PAT (INR
Slide 26: Operational Margin Expansion Continues - US Tariff Headwind
Operational Margin Expansion Continues- US Tariff Headwind 13.6 13.7 13.8 11.2 11.1 • Operational EBITDA% improved sequentially (Q2 FY25 → Q2 FY26), reflecting higher-margin product mix 16.7 and greater contribution from the US 13.8 14.4 market. 11.2 11.1 • US tariff reset effective mid-Q2 reduced r
Slide 27: Diversified revenue mix
Diversified revenue mix Geographical distribution Large order wins in Revenues* (INR Cr.) Q2 FY26 3,,996 2,054 • Signed 2-3 years Long-Term Supply Agreement (LTSA) with a leading European 28% 25% telecom operators • Witnessed strong order inflows in ONB top-tier North American telecom operators • We
Slide 28: Order book highlights
Order book highlights Open order book (INR Cr.) Order book spread (INR Cr.) 4,368 4,888 5,188 820 Q1 FY26 Q2 FY26 Q3FY26 FY26 & Beyond 28 © 2025-2026 Sterlite Technologies Limited
Slide 29: Consolidated financials: Abridged version
Consolidated financials: Abridged version P&L (INR Cr.) Q1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Revenue* 1,019 1,074 1,034 1,946 2,054 EBITDA* 140 119 141 192 281 EBITDA % 13.7% 11.1% 13.6% 9.9% 13.7% Depreciation 77 79 80 157 157 Key Updates (Q2FY26) EBIT* 63 40 61 35 124 • Net Debt stands at 1,313
Slide 30: Transforming lives through social responsibility initiatives
Transforming lives through social responsibility initiatives RoboEdge: Empowering students with NextGen skills & focus on Robotics. Jeewan Jyoti: Empowering underprivileged women by training them in Covered 12 schools and benefitted 10,000 students vocational skills. Benefitted 6,000+ women. 4523 kW
Slide 31: Committed to net-zero emissions by 2030
Committed to net-zero emissions by 2030 MSCI * ESG rating at A ENVIRONMENTALLY SOCIALLY GOVERNED SUSTAINABLE RESPONSIBLE WITH CARE Eco-labelled products Committed to the UN SDGs1 Strong internal governance 274,000+ MT 16 Waste diverted from landfills (FY19 – Q2FY26) Aligned with 16 of the 17 SDGs Tw
Slide 32: Summary focus areas
Summary focus areas • Drive technology and cost leadership to be in ‘Global Top 3’ • Increase sales in focused markets Optical Business • Increase optical connectivity growth and attach rate • Rapidly building data centre product portfolio • Play a crucial role of a connectivity company in building
Slide 33: Lets answer your queries!
Lets answer your queries! © 2025-2026 Sterlite Technologies Limited 33
Slide 34: beyond tomorrow
beyond tomorrow Registered Office Rahul Darak Godrej Millenium, 9, Head - Investor Relations, Koregaon Road, Pune Sterlite Technologies Maharashtra Limited, Phone: +91 2030514000. Mob: +91 7276367450 email: investor@stl.tech 34
Sterlite Technologies — Q2 FY2026 Earnings Presentation on 6ix