Stock Surges Over 100% from 52-Week Low of Rs 53.90, Offering Multibagger Returns
Quick takeaway: STL’s stock more than doubled from its yearly low, reflecting strong business momentum.
Why it matters: This surge highlights robust operational performance amid growing market demand.
Trend pattern: Continued sector momentum driven by innovation and strategic order growth.
On Friday, shares of this telecom equipment giant climbed 1.8%, closing at Rs 117 per share, up from Rs 114.95 at the previous session’s close. The stock’s 52-week price range spans between Rs 53.90 and Rs 122.05 per share.
STL reported powerful Q1 FY26 performance for the period to June 30, 2025, reflecting revenue growth and a substantial backlog of orders. The company reported a revenue figure of Rs 1,019 crore and an EBITDA of Rs 140 crore, reflecting growth rates of roughly 17% and 94%, respectively, compared to the prior year. What factors might be driving STL’s success in such competitive markets? Their emphasis on innovation, efficient cost management, and solid customer ties across regions like the US, Europe, and India seems to play a crucial role. The firm boasts an outstanding open order book totaling Rs 4,888 crore, alongside a fresh intake of Rs 1,529 crore during this quarter alone.
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Driving much of the growth, the Optical Networking segment saw revenues climb 18.6% and EBITDA surge 55.7% year‑over‑year from Q1 FY25. STL sustains its all‑inclusive connectivity solutions via co‑developed optical products, and its Optical Connectivity segment’s attach rate has climbed to about 23%. What’s more, around 23% of total revenues originated from the Enterprise and Data Centre sector, where STL expanded its portfolio with cutting-edge fibre and copper cabling products tailored to the surge in AI-powered data center demand. On the digital front, STL Digital also made strides by onboarding four new clients and securing lucrative, long-term contracts for digital marketing and networking upgrades.
STL embeds both cutting‑edge innovation and eco‑friendly practices at the heart of its mission. They made history as the world’s first to roll out Multi-Core Fibre (MCF) for both aerial and underground infrastructure. Additionally, the company accomplished India’s inaugural Quantum Key Distribution (QKD) transmission across a 100 km, 4-core MCF network, partnering with C-DOT. Boasting 740 patents to date, STL is advancing its eco‑initiatives too: it has unveiled Maharashtra’s first dedicated green hydrogen and oxygen hub for optical fibre fabrication. This strategic move positions STL to be among the first optical fibre manufacturers globally to use entirely green hydrogen in manufacturing, aligning boldly with their Net Zero by 2030 objective.
About Sterlite Technologies Limited
Since its inception in July 2001, following a demerger from Sterlite Industries Limited’s telecom division, STL has made significant progress. By July 2006, the company had entered the power transmission cable market through acquisition. Over time, STL has claimed the title of India’s largest optical fibre and optical fibre cable producer. Alongside a strong domestic footprint, the company maintains a prominent global presence in the optical fibre industry.
As of June 30, 2025, STL’s current order book was valued at Rs 4,888 crore across its three main segments: Optical Networking, Global Services, and Digital. Notably, the stock has rewarded investors with more than 100% gains from its 52-week bottom price of Rs 53.90 per share.
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