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STL revenue jumps 87% to record INR 1,910 Cr in Q1 FY27
Revenue hit INR 1,910 Cr, EBITDA INR 397 Cr — both records. Data center business scaled as AI demand boosted product mix. Order book at INR 18,618 Cr.
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STL posted its highest-ever quarterly revenue and profit for the three months ended June 30, driven by demand for AI-ready data center infrastructure and a stronger product mix.
The connectivity solutions provider reported revenue of INR 1,910 crore, up 87% from a year earlier. EBITDA rose 184% to INR 397 crore, the company said in a statement. Both figures were records.
EBITDA margin hit 20.8%, the best in nearly 20 quarters. The improvement came from a better product mix and higher operating leverage, according to the statement. The data center business contributed a larger share of revenue, reflecting STL's alignment with the AI-led buildout of computing infrastructure.
STL raised INR 1,500 crore through a qualified institutions placement during the quarter. The proceeds allowed the company to become net debt free, the statement said. The stronger balance sheet triggered rating actions: CRISIL revised its outlook to Stable, ICRA upgraded STL's credit rating to AA (Stable).
The open order book stood at INR 18,618 crore at the end of the quarter, also a record. The company did not break out order book composition by segment. Management pointed to strong demand from hyperscalers and telecom operators.