STLTECH Q2 FY27 Guidance vs Delivery (STLTECH Management Mirror)

H1 FY27 EBITDA Margin Closes at 24.4%, Beating FY27 20-23% Range Guided in Jun'26 Qtr

For H1 FY27, Sterlite Technologies Ltd reported operational EBITDA of INR 1,082 crore at a 24.4% margin, supported by higher capacity utilization, a richer product and customer mix, and an increasing share of high-value optical connectivity. This operational margin already exceeds the full-year FY27 EBITDA margin guidance of 23% set in the Jun'26 Qtr concall, which had been upgraded from the initial 20% target set in the Mar'26 Qtr concall. Looking beyond Sep'26 Qtr, management has initiated a new FY29 EBITDA margin guidance under Project Lakshya to above 30%, up from a prior target of over 27%, citing strong margin expansion and multi-year order visibility.