STL Q4 FY26 results: Profit Rs 59cr, revenue +37% YoY

Quarterly result in focus

Sterlite Technologies Ltd (STL) reported a sharp rebound in profitability for the fourth quarter of FY26, helped by improved operating performance and a one-off gain. Net profit rose to Rs 59 crore, compared with Rs 5 crore in the same quarter a year earlier. The company also highlighted that its EBITDA margin improved sequentially for the sixth straight quarter, pointing to a sustained operational recovery. Alongside the earnings bounce, STL reported strong order momentum, with management flagging better revenue visibility going into FY27.

Profit turns around after a loss in the previous quarter

A key highlight of the quarter was the swing from loss to profit on a sequential basis. STL had reported a loss of Rs 17 crore in the preceding December quarter. In Q4 FY26, the company returned to the black with Rs 59 crore net profit. The year-on-year comparison also shows a marked improvement, from Rs 5 crore in Q4 of the prior year to Rs 59 crore in the latest quarter.

One-off gain contributed to Q4 profitability

STL said the quarterly profit was aided partly by a one-off gain of Rs 31 crore. That disclosure is important for investors tracking the quality and repeatability of earnings, because one-off items can lift reported profit without reflecting underlying operating performance. Even so, the quarter also showed improvement in revenue and EBITDA, indicating that the turnaround was not solely driven by the exceptional gain.

Revenue rises 37% YoY; EBITDA also improves

Revenue for Q4 FY26 rose 37% year-on-year to Rs 1,441 crore, up from Rs 1,052 crore. STL attributed the improvement to higher capacity utilisation and a better product mix. Operating performance improved alongside revenue, with EBITDA rising to Rs 218 crore from Rs 146 crore in the year-ago period. The company’s update also noted that EBITDA margins have improved sequentially for six consecutive quarters, which it positioned as evidence of steady operational recovery.

Full-year FY26 performance and growth rates

For the full year FY26, STL reported revenue of Rs 4,745 crore. The company said this represented growth of 18.8% year-on-year. It also stated that revenue grew about 14.7% sequentially in the March quarter. While the annual number anchors the FY26 scale, the quarterly growth rates and margin trajectory are being watched closely, given the company’s recent history of fluctuating profitability and the role of utilisation and mix in driving EBITDA.

Order intake surges; open order book at Rs 7,309 crore

STL said FY26 was a “transformative phase” for demand, with order intake surging about 110% compared to FY25. The company’s open order book stood at Rs 7,309 crore at the end of FY26. STL linked the order pipeline to large-scale data centre and telecom projects, and said these were spread across key markets including North America, Europe, and India. A stronger order book can improve near-term planning and revenue visibility, especially for businesses where project schedules and customer deployments influence quarterly performance.

What management said about FY27 momentum

Ankit Agarwal, Managing Director of STL, said the company enters FY27 with “significant momentum.” The statement aligned with the combination of higher order intake, a larger open order book, and the sixth consecutive quarter of sequential improvement in EBITDA margins. Management commentary, when read with the disclosed numbers, suggests the company is positioning FY26 as a base year for recovery and FY27 as a period where demand visibility may translate into steadier execution.

Balance sheet and debt points mentioned in the update

The broader text around STL also referenced that net debt was Rs 1,527 crore as of Sep-25, compared with Rs 882 crore in Mar-25. Separately, the company had previously announced a Rs 1,000 crore fund raise through a Qualified Institutional Placement (QIP), which was cited in the context as a balance sheet action. These disclosures are relevant because working capital intensity and leverage can influence cash flows, particularly in quarters where revenue ramps and order execution accelerates.

Key numbers snapshot

Market impact and why investors track these indicators

For market participants, three signals from the FY26 close are likely to matter most: the return to quarterly profitability after a December-quarter loss, the sequential improvement in EBITDA margins for six straight quarters, and the sharp rise in order intake with a disclosed open order book of Rs 7,309 crore. Revenue and EBITDA growth in Q4 FY26 provide operating context beyond the Rs 31 crore one-off gain. The order book and the geographic spread across North America, Europe, and India also helps frame where execution could come from, based on what STL has disclosed. At the same time, the referenced increase in net debt to Rs 1,527 crore as of Sep-25 highlights why investors may continue to watch leverage and working capital alongside earnings.

Conclusion

STL closed FY26 with a profitable Q4, reporting net profit of Rs 59 crore on revenue of Rs 1,441 crore and EBITDA of Rs 218 crore, while maintaining a multi-quarter trend of sequential EBITDA margin improvement. The company also ended the year with an open order book of Rs 7,309 crore after order intake rose about 110% versus FY25. Management has said the company enters FY27 with significant momentum, and investors are likely to track execution against the disclosed order book and the sustainability of margin improvement in upcoming quarters.