Financial Performance
STL reported FY27 Q1 revenue of INR 1,910 cr, a 87% YoY increase from INR 1,019 cr in Q1 FY26 and up from INR 1,441 cr in Q4 FY26. EBITDA rose to INR 397 cr, a 184% YoY jump from INR 140 cr in Q1 FY26 and higher than INR 218 cr in Q4 FY26, while PAT reached INR 197 cr versus INR 10 cr in Q1 FY26 and INR 59 cr in Q4 FY26. The EBITDA margin of 20.8% was the highest in nearly twenty quarters.
Order Book and Wins
The open order book stood at INR 18,618 cr at quarter‑end. Key wins included a multi‑year contract worth US$1.11 bn (approximately INR 10,000 cr) to supply optical connectivity for next‑generation AI data centres, hyperscaler orders exceeding US$100 mn for the Neuralis portfolio, and a strategic order for long‑haul dark‑fibre high‑density micro‑cables.
Capital Structure
STL completed a Qualified Institutions Placement of INR 1,500 cr, which rendered the balance sheet net‑debt‑free. Following the fund‑raise, CRISIL revised its outlook to “Stable” and ICRA upgraded STL’s credit rating to “AA (Stable)”.
Product & Innovation Highlights
The company expanded its AI‑DC portfolio with the Neuralis suite, launched CONCAT – a pre‑connectorized plug‑and‑play solution that cuts installation labour, and introduced US Conec‑certified MMC pre‑terminated modules that increase cabling density threefold to support 800G+ AI data‑centre requirements. STL’s patent portfolio now exceeds 785 granted or filed patents.
Management Commentary
Ankit Agarwal, Managing Director of STL, said the quarter was the strongest in the company’s history, citing record revenue and profitability, rapid scaling of the Data Centre business, and strong customer trust driving a robust order book.
Corporate Profile
STL (NSE: STLTECH) is a global provider of advanced connectivity solutions for AI‑ready infrastructure, operating manufacturing facilities across North America, Europe and Asia and serving customers in over 100 countries.