Slide 1: Earnings Presentation Q3FY26
Earnings Presentation Earnings Call Q3FY26 23rd Jan 2026
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 8% 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 Global FTTx deployments – OFC mfkm Rise in no of Global 5G Operators fibre deployments for inter 170 CRU projects global optical DC connectivity. 509 515 524 53
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 “AT&T is focused on expanding where it can offer fiber Airtel accelerating fibre rollout to power broadband growth in a variety of ways” we are future-proofing our network with accelera
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 700 700 670 As per CRU; 640 607 • Global optical cable demand growth for 2025 has 600 577 549 OFC Demand (Mn Fkm) been revised up to ~4.0% YoY (from ~1.7%), 537 528 reflecting stronger near-term visibility, led primaril
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.) 4,263 Key Strategic Wins ✓ Large-Scale DCI Wins: Order inflows supported by 3,038 large-scale data center connectivity infrastructure build- out projects . ✓ Tier-1 Market Breakthrough: Strategic entry into Tier
Slide 14: Driving Innovation Leadership - Technology Update
Driving Innovation Leadership - Technology Update Key Developments This Quarter IP Portfolio Quantum communications: signed an MoU with QuNu Labs Pvt. Ltd., to strengthen R&D capabilities in Quantum Communications over Optical Fibre transmission. 780 patents (filed and granted) 23 new patents filed
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: Next-Generation Fiber Portfolio: G.654.E and Hollow Core
Next-Generation Fiber Portfolio: G.654.E and Hollow Core G654E Hollow Core Fiber • Light travels mainly through an air-filled core instead of solid silica • 30% lower signal loss • ~30–47% lower latency • 50% larger core area • Uses a broader spectrum, supporting very high-band • This allows it to h
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 22% 17% 8% 8% FY25 9M FY26 FY25 9M FY26 Market Share = STL Sales Volume / Total Market Demand Attach rate = Optical connectivity revenue / OFC revenue Stable OFC market share. Short
Slide 19: Optical Networking Business financial highlights
Optical Networking Business financial highlights Revenue* (INR Cr.) 3,115 2,761 1,174 979 961 980 924 Q3 FY26 revenue at INR 1,174 Cr • Improved volumes and revenues on QoQ & YoY basis Q4FY25 Q1FY26 Q2FY26 Q3FY25 Q3FY26 9MFY25 9MFY26 EBITDA* (INR Cr.) EBITDA % Q3 FY26 EBITDA margin at 11.2% 404 • EB
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 1 Priorities for FY26 2 Focus on gaining market share in Optical business 3 profitable growth in STL Digital 4 Robust Financials © 2025-2026 Sterlite Technologies Limited 21
Slide 22: Continued growth momentum in STL Digital
Continued growth momentum in STL Digital Global Presence Service offerings Industry vertical ▪ Added 1 new logo in Q3, taking total • Data analytics & AI • Communication, media & customer count to 34. services • Cloud & cyber security ▪ Won a USD multi-million deal from a US - • Technology • Deliver
Slide 23: Digital business financial highlights
Digital business financial highlights Revenue* (INR Cr.) 78 86 212 215 65 77 64 Q3 FY26 Revenue at INR 86 Cr Q4FY25 Q1FY26 Q2FY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3 FY26 EBITDA at INR 1 Cr EBITDA*(INR Cr.) • Sustained profitable growth, delivering consecutive EBITDA- Q4FY25 Q1FY26 Q2FY26 Q3FY25 Q3FY26 9
Slide 24: 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 25: 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 25
Slide 26: STL financial highlights
STL financial highlights EBITDA % EBITDA (INR Crs) Revenue* (INR Crs) +12% +35% 1,257 3,311 410 2,944 1,052 1,020 1,034 999 146 140 141 305 129 13.8 13.7 13.6 111 12.4 11.1 10.3 10.4 Q4FY25 Q1FY26 Q2FY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Q4FY25 Q1FY26 Q2FY26 Q3FY25 Q3FY26 9MFY25 9MFY26 PAT* (INR Crs) 10 4
Slide 27: Operational Margin Expansion Continues- US Tariff Headwind
Operational Margin Expansion Continues- US Tariff Headwind 10.3 13.6 • Operational EBITDA% improved 13.7 13.8 sequentially since last 5 quarters 11.2 11.1 (Q2 FY25 → Q3 FY26), reflecting higher-margin product mix and 17.9 greater contribution from the US 16.7 13.8 14.4 market. 11.2 11.1 • US tariff
Slide 28: Diversified revenue mix
Diversified revenue mix Geographical distribution Large order wins in Revenues* (INR Cr.) Q3 FY26 3,996 3,311 • Strong deal momentum across markets, marked by Tier-1 North American telco entry 24% 28% and large-scale DCI wins. • STL Digital added a new logo (total 34) and won a USD multi-million US
Slide 29: Order book highlights
Order book highlights Open order book (INR Cr.) Order book spread (INR Cr.) 4,337 5,188 5,325 988 Q2 FY26 Q3 FY26 Q4 FY26 FY27 & Beyond 29 © 2025-2026 Sterlite Technologies Limited
Slide 30: Consolidated financials: Abridged version
Consolidated financials: Abridged version P&L (INR Cr.) Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Revenue* 998 1,034 1,257 2,944 3,311 EBITDA* 111 141 129 305 410 EBITDA % 11.1% 13.6% 10.3% 10.3% 12.4% Depreciation (80) (80) (79) (237) (236) Key Updates (Q3FY26) EBIT* 31 61 50 68 174 • Net Debt stands
Slide 31: Transforming lives through social responsibility initiatives
Transforming lives through social responsibility initiatives RoboEdge: 3 Prizes in the International Robotex Championship 2025 in Estonia. Jeewan Jyoti: Empowering underprivileged women by training them in Empowering students with NextGen skills & focus on Robotics. Covered 12 schools vocational ski
Slide 32: 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 276,000+ MT 16 Waste diverted from landfills (FY19 – Q3FY26) Aligned with 16 of the 17 SDGs Tw
Slide 33: Summary focus areas
Summary focus areas • Drive technology and cost leadership to be in ‘Global Top 3’ • Increase sales in focus 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 gl
Slide 34: Lets answer your queries!
Lets answer your queries! © 2025-2026 Sterlite Technologies Limited 34
Slide 35: 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 35