• Margin guidance: Sterlite Tech raised its margin guidance to 23% for FY27, driven by higher data center EBITDA margins of 25%–30% and an increase in the data center/enterprise sales mix target from 30% to 50%.
• Order book visibility: The open order book stands above ₹18,000 crore, supported by a multi-year data center order exceeding $1 billion and executable orders of approximately ₹2,200 crore in the upcoming quarter.
• Capex plans: The company plans to invest ₹500 crore this fiscal year and ₹1,500 crore over the next three years, focusing primarily on de-bottlenecking and equipment upgrades to expand manufacturing capacity.
• Balance sheet strength: Following a ₹1,500 crore fundraise, net cash stands at roughly ₹483 crore, which management believes provides sufficient liquidity to fund planned capex without additional debt.