Shares of Sterlite Technologies on Monday, October 26, closed at 5 percent higher after the broadband technology firm posted a multifold jump in its consolidated profit in the second quarter of the financial year 2026-27, driven by strong demand for optical fibre cable and other connectivity products from AI-ready data centres, improved margins and a one-time tariff refund gain. The company released its earnings last week on Friday.
The stock opened at Rs 799 and rallied 8.94 percent to touch an intra-day high of Rs 870.45. The stock closed 4.92 percent higher at Rs 869.80, on the BSE.
Post the earnings announcement, brokerages remained positive on the stock outlook, with CLSA and Nomura reiterating their bullish stance.
Sterlite Technologies’ consolidated profit jumped 12825% to stand at Rs 517 crore for the second quarter ended September 30. The company posted a net profit of Rs 4 crore a year ago, according to a regulatory filing.
Its consolidated revenue more than doubled to Rs 2,529 crore in the reported quarter from Rs 1,034 crore in the September 2025 quarter while EBITDA jumped sixfold to Rs 846 crore from Rs 141 crore in the year-ago period.