Slide 1: Earnings Presentation Q1FY26
Earnings Presentation Earnings Call Q1FY26 25th July 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 Strategic Focus on gaining Focus on profitable 1 Priorities for FY26 2 market share in Optical business 3 growth in STL Digital 4 Robust Financials © 2024-2025 Sterlite Technologies Limited 4
Slide 5: 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 6: 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 11 schools and benefitted 8,000 students vocational skills. Benefitted 6,000+ women. 4523 kWp
Slide 7: 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 270,000+ MT 16 Waste diverted from landfills (FY19 – Q1FY26) Aligned with 16 of the 17 SDGs Tw
Slide 8: Optical Business; STL's focus on gaining market share
Optical Business; STL’s focus on gaining market share Strategic Focus on gaining Focus on 1 Priorities for FY26 2 market share in Optical business 3 profitable growth in STL Digital 4 Robust Financials © 2024-2025 Sterlite Technologies Limited 8
Slide 9: Three investment cycles coinciding
Three investments cycles coinciding Multi-year network build cycle FTTx Data Centres 5G Global Supported by: Global FTTx deployments – OFC mfkm Rise in no of Global 5G Operators • DCs giving rise to long haul fibre deployments for inter 174 149 CAGR in global optical cable 509 515 524 535 578 582 58
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 –fiber.” “Fiber networks represent the core of AI critical infrastructure” After reaching over 30 Million Fiber Locations ahead of schedule, T
Slide 11: AI revolution and data centre expansion presenting unprecedented opportunity
AI revolution and data centre expansion presenting unprecedented opportunity Opportunity Fibre explosion in DC STL’s AI-DC Portfolio Estimated global data centre AI-Driven Fibre Make in India for the World capacity demand, gigawatts 219 Demand 181 64 153 56 128 50 103 45 82 40 156 Non-AI Workload 38
Slide 12: Global demand poised for modest rebound in 2025
Global demand poised for modest rebound in 2025, long term outlook remains stable 700 Reflections 603 624 As per CRU; 600 578 556 OFC Demand (Mn Fkm) • Global optical cable demand is expected to 536 524 534 return to growth in 2025, rising 1.9% YoY after 500 two years of decline. • This recovery is
Slide 13: China mobile tender announced
China mobile tender announced Stronger-than-Expected China Demand Key Takeaways China Mobile Tender: 98.8M F-km (vs CRU estimate of 80–85M F-km) • Price correction already factored in; China Unicom Tender (recently closed): 68.5M F-km reduced downside risk from China pricing Indicates continued aggr
Slide 14: STL capturing the most from market recovery – strong order intake
STL capturing the most from market recovery – strong order intake Order Intake (INR Cr.) 1,529 Key Strategic Wins • Multi-Year Commitment: Signed a 3-year Long-Term Supply Agreement (LTSA) with a leading European telecom operator 566 588 • Strong Momentum in North America: Secured significant order
Slide 15: Technology update
Technology update Key Developments This Quarter IP Portfolio DC portfolio - Launched STL’s next-gen Data Centre portfolio to address high- 740 patents (filed and granted) performance, AI-ready infrastructure needs. 76 new patents filed in FY’25 Multicore fibre launch - Introduced India’s first Multi
Slide 16: STL's newly launched DC portfolio
STL’s newly launched DC portfolio: powering AI-enabled data centres 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
Slide 17: 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 18: Market share and optical connectivity attach rate
Market share and optical connectivity attach rate Global (ex-China) OFC market share Optical connectivity attach rate 23% 23% 7% 6% Q1FY25 Q1FY26 Q1FY25 Q1FY26 Market Share = STL Sales Volume / Total Market Demand Attach rate = Optical connectivity revenue / OFC revenue Stable OFC market share. Focu
Slide 19: Optical Networking Business financial highlights
Optical Networking Business financial highlights Revenue* (INR Cr.) 1,027 924 979 961 810 Q1 FY26 revenue at INR 961 Cr. • Improved volumes and revenues on Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q1FY26 YoY basis EBITDA* (INR Cr.) EBITDA % Q1 FY26 EBITDA margin at 14.3% • Improved EBITDA margins on YoY 137 basi
Slide 20: 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 21: Focus on growth in STL Digital
Focus on growth in STL Digital Focus on Strategic profitable 1 Priorities for FY26 2 Focus on gaining market share in Optical business 3 growth in STL Digital 4 Robust Financials 2 © 2024-2025 Sterlite Technologies Limited 1
Slide 22: Continued growth momentum in STL Digital
Continued growth momentum in STL Digital Global Presence Service offerings Industry vertical ▪ We added 4 new Marquee logos in Q1, making our customer count to 30 • Data analytics & AI • Technology ▪ We have signed Multimillion and • Cloud & cyber security • Life sciences & healthcare multiyear cont
Slide 23: Digital business financial highlights
Digital business financial highlights Revenue* (INR Cr.) 77 78 64 71 64 Q1 FY26 Revenue at INR 64 Cr. Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q1FY26 Q1 FY26 EBITDA at INR 1 Cr. EBITDA*(INR Cr.) • Sustained profitable growth, delivering Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q1FY26 consecutive EBITDA-positive quarters 4 5
Slide 24: Ajay Jhanjhari, CFO Optical Networking Business
Ajay Jhanjhari CFO- Optical Networking Business 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,
Slide 25: Focus on maintaining operating profitability & reducing debt
Focus on maintaining operating profitability & reducing debt Strategic Robust 1 Priorities for FY26 2 Focus on gaining market share in Optical business 3 Focus on profitable growth in STL Digital 4 Financials 2 © 2024-2025 Sterlite Technologies Limited 5
Slide 26: STL financial highlights
STL financial highlights 1,074 999 1,052 1,019 140 146 872 120 111 11.2 11.1 13.8 72 13.7 8.3 Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q1FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q1FY26 Revenue* (INR Cr.) EBITDA* (INR Cr.) EBITDA % PAT (INR Cr.) (Including Discontinued Operations) Q2FY25 Q3FY25 Q4FY25 Q1FY25 Q1FY26 Q1 FY
Slide 27: Diversified revenue mix
Diversified revenue mix Geographical distribution Large order wins in Revenues* (INR Cr.) Q1 FY26 3,996 1,019 • Signed a 3-year Long-Term Supply 1% 1% Agreement (LTSA) of IBR cables with a 20% 20% leading European telecom operator • Witnessed strong order inflows in ONB top-tier North American telec
Slide 28: Order book highlights
Order book highlights Open order book (INR Cr.) Order book spread (INR Cr.) 4,888 4,166 4,378 722 Q4FY25 Q1FY26 Q2FY26 FY26 and beyond 28 © 2024-2025 Sterlite Technologies Limited
Slide 29: Consolidated financials: Abridged version
Consolidated financials: Abridged version P&L (INR Cr.) Q4 FY25 Q1 FY25 Q1 FY26 Revenue* 1,052 872 1,019 EBITDA* 146 72 140 EBITDA % 13.9% 8.3% 13.7% Key Updates Depreciation 79 78 77 • Net Debt stands at 1,300 Cr at Q1FY26 EBIT* 67 -6 63 • Net Debt to Equity ratio stands at 0.64 at Finance Costs 65
Slide 30: Global Services demerger status: Completed; Listing expected in Q2 FY26
Global Services demerger status: Completed; Listing expected in Q2 FY26 Completed – May 2023 Completed –Sept 2023 Completed In Progress Board / Audit Committee Stock Exchange Filings NCLT Filings and Listing of Resulting Co Approval for Demerger and receipt of In-principle Approvals (Post receipt of
Slide 31: 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 growing data centre business Digital Business • Continue to grow revenue with focus on profitabilit
Slide 32: Lets answer your queries!
Lets answer your queries! © 2024-2025 Sterlite Technologies Limited 32
Slide 33: beyond tomorrow
beyond tomorrow © 2024-2025 Sterlite Technologies Limited 33