STL’s Order Intake grows 110% in FY26; Plans Massive 2000 Cr. Fundraise

Sterlite Technologies Ltd. (STL) recently announced its financial results for FY26. The company showed a turnaround in FY26, where STL turned profitable with a PAT of Rs. 56 Cr. for against a loss of Rs. 123 Cr. during FY25.

The company also mentioned that its board had approved a fundraise of up to Rs. 2,000 crore through equity and equity-linked instruments. STL is aggressively working to lower its leverage. It ended FY26 with a Net Debt-to-EBITDA ratio of 1.3x, and the Management is targeting a Net Debt-to-EBITDA ratio of <1.2x by FY27.

Sterlite Technologies’ order intake for FY26 surged by 110% year-on-year reaching roughly Rs. 7,690 crore compared to approximately Rs. 3,670 crore in FY25. As per the company this growth in the new contracts value was driven by AI-ready data center demand, a rebound in North American markets, and new multi-year partnerships. The company also introduced specialized products like Neuralis and Hollow Core Fibre to address increased fiber density requirements.