A Strong Q2 For STL Tech | Aim For Data Centers To Contribute 50–60% Of Business By FY29, Says Co
CNBC-TV18 · 26 Oct 2026 · 11 min
Management interview of Sterlite Technologies Ltd (STLTECH), with 7 key numbers discussed.
- Ankit Agarwal, MD, Sterlite Technologies Ltd
Sterlite Technologies reported strong Q2 performance and reaffirmed its Lakshya target of reaching Rs 200bn in revenue by FY29. Management upgraded its FY29 EBITDA margin guidance from 27% to 30%, supported by a growing share of higher-margin data center products and attached connectivity. The open order book currently stands north of Rs 350bn, with robust traction from North America. The company plans a cumulative capex of Rs 30bn (Rs 10bn per year) to expand capacity by 50% to achieve its FY29 target.