Interim report
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www.stl.tech Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408 November 06, 2025 National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C-1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051. Scrip ID - STLTECH BSE Limited Phirozee Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Scrip Code - 532374 Sub.: Outcome of Board Meeting - Intimation under Regulations 30, 33, 52 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”) Dear Sir/Madam, With reference to our letter dated October 28, 2025, we wish to inform you that the Board of Directors of Sterlite Technologies Limited (the “Company”), at its meeting held today i.e. on November 06, 2025, has approved, inter alia, the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2025. In this regard, please find enclosed herewith: i. Press Release; ii. Investors Presentation on Financial Results; iii. Unaudited Consolidated and Standalone Financial Results; iv. Limited Review Report on the Unaudited Consolidated and Standalone Financial Results; v. Disclosure pursuant to Integrated Financial Results pursuant to to SEBI Circular SEBI/HO/CFD/CFD-PoD- 2/CIR/P/2024/185 dated December 31, 2024 read with relevant circulars issued by stock exchanges enclosed as Annexure I. The meeting commenced at 11:30 am and concluded at 2:43 pm. We request you to take the aforesaid on records. Thanking you. Yours faithfully, For Sterlite Technologies Limited Mrunal Asawadekar Company Secretary (ACS 24346)
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www.stl.tech Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408 Annexure I - Integrated Filing (Financials) A. Unaudited Consolidated and Standalone Financial Results of the Company for the quarter and half year ended ended September 30, 2025 (Standalone & Consolidated) – Attached B. Statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. – Not applicable C. Disclosure of outstanding default on loans and debt securities – No default, hence Not Applicable D. Disclosure of related party transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) – will be filed along with XBRL for the financial results E. Statement on impact of audit qualifications (for audit report with modified opinion) submitted along-with annual audited financial results (standalone and consolidated separately) (applicable only for annual filing i.e., 4th quarter)– Not applicable for 2nd quarter
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www.stl.tech Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408 PRESS RELEASE STL reports Q2 FY’26 results; driven by innovation, records strong order book growth Mumbai, 06 November 2025: STL [NSE: STLTECH], a leading optical and digital solutions company, today announced its financial results for the quarter ended 30th September 2025. For Q2 FY26, the Company reported revenues of INR 1,034 Cr and EBITDA of INR 141 Cr. STL recorded strong growth in the order book in H1 FY26, a growth of ~135% over H1 FY25. STL, with its robust presence in North America, Europe and Asia, is well-positioned to leverage the evolving tariff landscape by offering reliable, high-quality, and cost-efficient solutions. The company continues to strengthen its global operations while being a trusted partner for its customers, building AI-ready digital infrastructure. This strategic advantage has translated into tangible results — with H1 FY26 order book witnessing a robust growth. The open order book at the end of Q2 FY26 stands at INR 5,188 Cr. In Q2 FY26, the Optical Networking Business (ONB) recorded revenue of INR 980 Cr and EBITDA of INR 136 Cr. With completed capacity expansions and operations positioned closer to key markets, ONB is well-positioned to capture emerging opportunities. The business continues to see strong traction, particularly in the North American market, underscoring STL’s strengthening global footprint and customer relevance. STL Digital - Expanded its global footprint with three new customer acquisitions in Q2, taking the total to 33 global clients. Secured a multimillion-dollar, multiyear engagement with a leading global information solutions company for its cloud-based client connectivity platform. The company also launched its AI Center of Excellence (CoE) to accelerate capability building, develop next-gen solutions, and drive customer use cases. Some key highlights Key wins - In Q2 FY26, STL deepened its partnership with Netomnia to co-develop advanced optical solutions for a future-ready full-fibre network across the UK, Long-Term Supply Agreement (LTSA) with a leading European telecom service provider and new order inflows from two top-tier US telecom operators. Innovation - STL has been pioneering solutions for AI-ready digital infrastructure and Data Centre networks. Recently, STL signed an MoU with QNu Labs Pvt. Ltd., to strengthen R&D capabilities in Quantum Communications over Optical Fibre transmission. It has extended its IBR portfolio in the US to higher fibre count - 864F IBR, one of the slimmest cables, with 11.7mm diameter in 200 micron fibre; launched an advanced Unitube Single Jacket Indoor Fibre Optic Cable in the UK, with 4-core Multi-Core Fiber (MCF). STL is developing CONCAT, a pre-connectorised, plug-and-play fibre solution that simplifies deployment and reduces rollout costs. Working closely with customers, the company is developing next-generation capabilities with Hollow-Core Fiber (HCF) and AI-Fibre Optic Sensing solutions. Our patent count stands at 750 by the end of Q2 FY26. Strengthened leadership team - STL strengthened its leadership team with seasoned executives to drive its growth in the US and Europe regions. Jimi Barker as Chief Business Officer, Data Centres, ONB, Tom Boswell
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www.stl.tech Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408 as Head of Presales for Europe/UK Optical Connectivity Business, and Amir Sekhawat as Business Head of Enterprise Business. Ankit Agarwal, MD, STL, said, “We are entering a new phase of global growth, powered by innovation and partnerships. We are extensively engaging with our new and existing customers to expand our data centre & enterprise solutions. Our deep R&D capability and ability to co-create these solutions are unlocking new opportunities worldwide.” About STL - Sterlite Technologies Ltd: STL is a global leader in advanced connectivity solutions, providing end-to-end solutions for building AI-ready infrastructure, FTTx, Rural, Enterprise and Data Centre networks. With manufacturing facilities in North America, Europe and Asia, we deliver our solutions in more than 100 countries. Data Centre & Cloud companies, Telecom operators, Internet service providers and Large enterprises collaborate with STL to build their future-ready digital infrastructure. STL’s business goals are driven by customer-centricity, R&D and sustainability. Read more, Contact us, stl.tech | Twitter | LinkedIn| YouTube For more information, contact: Media Relations Shaily Rai Sinha Phone: +91 22 30450450 stl.communications@stl.tech Investor Relations Rahul Darak Phone: +91 22 30514000 investor@stl.tech
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SHRUTE TECHNOloGIES LIMITED STl! (CIN : l3HllOPN ZOOOPLC2024081 CON5DllbATED FINANCIAL RESULTS FOR THE QUARTER AND KALf YEAR ENDED SEPTEMBER 30, 20Z5 I~ in crores e){cept earnings pet sharel Quarter ended H■tf Year ended v .. rended Partlculars September ZS June 25 September 24 S.pt..m her 25 September Z4 March2S (Unaudktdl tUnawdltedt (Unaudited) jUnaudlt4d) IUnaudlledJ (Audlledt ,,om Co1ttlnuin1 Operations Revenu!' fron, operations 1,034 1,020 1,074 21054 1,946 3,996 Other incoml! 12 a i 20 10 % f otal Income 1,04& 1,028 1,076 21a74 1.956 4,0~2 Total ewpendnure 905 888 957 1,193 1,764 3,5811 Cost ,of raw m11terial! .and components con!\Jmed 5(5 554 522 1,099 974 1,957 Purchase of stock-in-tradl!! 0 0 0 0 0 0 (lncrea~e} / decreasl! iri lrwentcrle.i offinis.h@d goods, work I" proere.>S (<la) (41) n {89] (43] 44 and jtock-in-tradl!. E.rnployae b1meflt!i expense 156 156 152 312 316 610 Other e:.:pe nse,s 252 219 262 471 517 %9 Ea min gs befora lnh1,esl, b,;, dep reclatlan and amortis11tlon (EBI JTbAI 141 140 11~ 281 192 452 from Ctlntlnufns ope,atlons Fin!ni:.e costs 55 so 62 105 118 241 Depreciation :and amQrtlHtlon e:JCpens@ Bo 11 79 157 157 316 Proflt/(los.<) bolo,e t■• from con~nulng operations 6 u 122) 19 IHI (105) T•• ""pense/CcredlO: 2 3 IS) 5 1181 (331 Currl!!!nt tu 12 a 4 20 14 33 Deferred ta:.: (10) (5) (9) (15) (32) (661 Not prl1fit/(loss) af1e, la• from contlnu Ing op era~ ons 4 10 1111 14 (65) (121 Prt>llt/(lossl from discontinued operotlons tnet of ta•I (rofornote 5) . 3 3 151) Net p,uftt/(lo,s) fa, die period 4 10 114) 14 162) (123) I) 0th er comprohenslve In tom e/(loss I from continuing operations A. II Item~ that wit! bl! rl!!!classltled to profit or loss 27 20 8 47 10 n ii} rncome ta:i1. reluin,g to these Items 11) 2 121 1 (3] 0 B. i) lt@ms ttlat wUI n0t be reclassitil!!!d to profit or IQu 2 2 121 II) Income tax rl!!!letlns to thi::~i:-items (0) . (0) (0) Ill Other comprehensive lncome/Closslfrom dlm1ntlnuod oparatlons A. ij ltl!!!ms that win be reclass;fied to profit or lass . (SI (6] 0 ii} Income tax r~IUil"g to the5e: items 1 2 6, I) Items ttlat will riot be recla:sslfied to profit or loss 1 ii) Income tai.: ,e1atin11 to ttlul!!! it~m$ 101 Total olher compnh•n•lv• Income/ (lou) for the petlod / vear 28 22 2 50 3 10 Total comprehen,l•e Income/ (lo"I to, the period/ year n 32 1121 64 (59) (103) Net proflt/tlo"') allrlhutoble to: Owners of the i:omp-any 4 10 (14) 14 162) (123) Other 1:omprehensl\la Income/ (IQsst attrlbutable to: owners ofths company 28 22 2 50 3 20 Total comprehen,1,e 1ncome / (lossl attrlbutoble 10: Owners: of th E" compan v 32 32 112) 64 [59) 11031 P•id-up eQUlty share capital (f.ce ealue of, 2 per share fully paid-up/ 98 9B 98 98 98 98 Other Equity 1.892 i:.rnlngs per equity ,ha re IE PSI tnot a nn ualh■dl 6asic EPS - from continuing op~ratioos {i( I 0.08 0,20 (0.35) a 2s fl 34] (1.48) Diluted EPS - from continuing operation, I~ I 0.08 0,20 (0,35] 0.28 (1.34) (1.48) Basic E"P.S - rrom disco11tLnued operilltlons f( j 0,06 0 06 (1.06) Diluted EPS - from discontinued operation<(~ J 0,06 0.06 (l.061 Ba.sic EPS • from contlnulns and discontinued 0peratior1s f"! I 0.08 0.20 (0.291 0 28 (128) (2 54) Diluted £PS• from cuoHnuina and discontinued ooerations (~ l 0.08 0.20 Amount appearing as "O" U below rounding o fr norm followed by th@ Company. {0.291 0.28 (1.28) (2.S4) Q2 FV25-26 ~lnancial Result> I gf 13 St@rlit~ Tie<:hnorogles Limited
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STERLfTE TECHNOLOGIES LIMITED STl! (CIN: U1300PN2000PLC20l408) CO NSO UOATED SEGMENT ·WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND HALF YEAR END ED 5EPTEMBE R 30, 202S Th@ Group's continuing operations primarily relale ta manufacturing and supply of telecom products and providing digital and technology .solutions.. The segmen t information is provided to and reviewed by Chief Operating Decision Maker ICODM). The Group's segments consi.i of · 1. Optical networking b usj nes:s ~ Oesjgn and Manufacturing of optical fibre, cab I es and optica I interconnect products 2. Digital and technology solutions• Enabling dlgital tran>formation oftelcos and enterprises. The composition of the segments nas changed due to operations discontinued durin11 the previous year lrefer note 5) The segment information reviewed bv l'h~ CODM does nol indude discontinued oµ@rc1tions.. The CQrresponding segrnent Information for the previous periods ha'1Je been reclassified according:ly. I{ In crore sl Quarter onded Ha If Veer ended Yearended Parttculars September 25 J11ne 25 September 24 September 25 September 24 March 25 /Unaudited! IUnaudlt<,,11 tunaudltedl !Unaudited\ IUnaudltedl /Audited\ 1. Se,gment rever1ue: Optical networking business 980 961 1,027 l ,941 1,837 3,741 Digital and technology solutions 65 64 64 129 135 290 Inter segrnen t etimi nation (11) IS) 117) 116) (26) 135) Revenue: from continuing ope:ra'Nons 1,014 1,020 1,074 2,0S4 1,9% 3,996 2. Se1ment Results (EBITDA) Optical net'Yi.rorking busjness 136 137 133 273 221 464 Digital and technology ,olutions 1 1 [15) 2 (32} (23] Total segment result< 137 138 118 275 1s, 441 Net unallocated income 4 2 1 6 3 11 Total EBITDA from cont1nu1n1 ope,atlons 141 140 119 281 192 4S2 Fina nee cost 55 50 62 105 118 241 Depreciation ;and amorti.s.atian exp@mP. 80 77 79 157 157 3]6 Pfoflt/(lossl before ta~ from contlnulnt operations 6 13 (22) 19 \S3) (105) 3. se,m ent assets Optic.ii networkin& business 4,703 4,523 5,095 4,703 5,095 4,486 Digital and technology solution, 182 146 144 182 144 170 Total seim~nt ass•ts 4,1185 4,669 5,239 4,885 5,2.39 4,656 Intel' segm~nt elimination (2) 1162) (147) (2) {147) {60) Unallocated as~ets (includlngasset!i related ta 949 987 3,746 3,746 924 discontinued operations (refer note 5)1 949 Total assets S,832 5,494 8,838 5,832 8,838 5,520 4. Segment Ua billtles Optical networking: business 1,635 1,429 1,468 1,635 1,468 1,362 Oigitc1I and technology solutions 172 138 147 1n 147 153 Total segment llablll tles 1,807 1,567 1,615 1,807 1,615 1,515 Inter segment elimination (21 {162) (147) (2) 1147) {60) Unallocated liabilities (Including liabilities related to discoPltinued operations (refer note 5}) 1,973 2,068 4,432 1,973 4,432 2,075 Total llabllltles 3,778 3,473 5,'IOO 3,778 5,900 3,530 ., 02 FY25-26 Financial Results 2 of 13 Sterlite Technologies Um i ted
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STEA LITE TECHN O LOG 1£5 U MIT£0 ST\! 1c IN : Ll1300PNZ000,u:202411s1 ca NSOLIDA TED BALANCE SH EIT AS AT 5EPTf M BER 30, :rozs (~ in <rore,) 1Pa1tkuli1rs 30 Seplem,er :11125 31 Ma,ch 2025 (Unaodltedl (AodltetlJ Asseh: I. Non...:urr•ftt ass.ts !al Property plant & i!quipml!nt 2,640 2,671 ibl Capita I work-In-progress 43 23 lcl Goodwill 188 166 ldl Othor intangible a,sets 86 91 [eJ Defefred ta)( assets jnet) 16~ 146 (f) Fina ru:ia I assets Ii) Investments 90 90 (i1} Loans 11 {iii] Other norH:urreol fimu1cliJI aiuets: 15 9 {B) Other ncin-cummt assets 23 8 Total non-cutrent usets 3,259 3,204 II, Current a,sau j.i) rnve:ntories 916 H6 (b) Financial assl!tS (0 ,nvestments 123 (ii) Tred@ rl!!!ci!l'ljlabl@s 765 826 {iii) C,sh •nd cash equlv,lents 281 396 (Iv] Other bank balance, 92 72 jv) loens 0 0 jvlj Other current flna11clar asseb 106 Bl j~) Contract usets 29 33 jd) Other current assets n1 141 l•l Current Tax Assets illlotl 4Q 31 Total current assets .Z,573 2,316 Total assets S,832 5,520 Eqully ••d llabllllles Equity Eq uiti.i share l:11 pl ta I 98 98 Other l!quity 1,956 1,as2 Total equity 2,054 1,9'lll Uabllltles I, Non-<.urront llabllltles (a) Fin21nd1II liabilities (i) Borrowings 747 8]7 {ii} Lease liabilities 84 S6 {Ill) Other non-clJrnmtfinaocial liabilities. 0 10 {bl Employee b@n@flt obllg11itior1s 12 14 ji:) Pro\lisions - 0 jd) Defe,red tax liabilities jnet) 73 74 Totat non~current llab/Htf■s 916 1,021 II, Current llabllllla, (a) Financlal liabilities Ii I Sorrow! n11, 1,061 961 (Ill Lea:,;e lii.lbilities 29 l2 (iii} Advance1.!l undu adv~ne:I! payn,ent <11ld :;ale:. ;:i1teement (APS.A) 188 181 {iv] Trade payables (A) total outstanding dues ot micro u1d small enterprlses 26 58 (B) total CIIJt!itandlng dui::~ of c~ditors other than mil:ro and .smaU enterprises 1,135 970 (vi OU1er current financl.111 liabilities 141 86 lbl Contract llabllltles 44 13 I(;) Other (;Urrent liabilities; 147 97 ldl Employ,,e benefit abllg•lion, 10 48 (e) Provision:. l7 41 (f) Current tax liablllti@-.s jNietj 24 12 TDlal CUl'rant llahll~es l,1162 2,509 Tola I lla~llltl~I 3,778 3,530 Tola! aqulty & llabllltl•• 5,832 s,s:ro Amount appearing as ''0 1 ' is b@law rounding off norm foOowed by the Cornpanv 02 FY25·26 Financial Resolts 3of 13 hnolcJtlei limitl!d
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STER LITE TECHNOLOGIES LIMITED (CIN : L31300PN200DPLC20240I) STC CONSOllOATEO STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 211Z5 A. 0 peratlng activities Profit/ (Loss) before tax From continuin@ operations From discontinued operations Particulars Adju5'\ments to reconcile proflt before tax to net cash flows Depreciation and Impairment of property, plant & equipment Amorti,ation and Impairment of Intangible assets Impairment losses on financial and contract assets Liabilities no longer required written back (Profit)/ loss on sale of property, plant and equipment !net) Rental Income Employee stock option expenses Finance costs (including interest pertaining to Ind AS 1161 Gain I Loss on investment measured at FVTPL Finance income (forming part of other income) Unrealized exchange difference (net) Operating profit before workins capital chanses Worklng capltal adjustments: lncrease/(decrease) in trade payables lncrease/(decreasel in long-term provisions lncrease/(decrease) In short-term provisions lncrease/(decrease) in other current liabilities lncrease/ldecreasel in contract liabilities lncrease/{decrease) in other current financial liabilities lncrease/(decrease) in other non-current financial liabilities lncrease/(decrease) In current employee benefit obligations lncrease/(decrease) in non-current employee benefit obligations Oecrease/(increase) in current trade receivable Oecrease/(increase) in inventories Decrease/(lncrease) In other current financial assets Decrease/(increase) In other non-current financial assets Decrease/(increase) In other current assets Decrease/(increase) in contract assets Decrease/(increasel jn other non-wrrent assets Changes In working capital Cash generated from/ (used int operating activities Income tax paid (net of refunds) Net cash flow from/ (used In) operating aetMtles Q2 FY25-26 Financial Results 1, 4 cf13 Half v.nr ended September 2035 (Unaudlted) 1.9 - 19 lA6 u 12) Pl (2) (Q) UI 105 (2) (5) 3 no 269 n (0) llll 38 38 4S . 1'111 0 98 1150) (37) (6) (74) ~ 4 16 285 (17) 2611 cnartere \NAAC-5 12754\ 1'1 (" in croresl Half year ended September 2024 (Unaudited) 183) 6 {77) 151 14 (5) - 11) (D) 1 155 - 16) 117) 292 215 204 112) 0 11 (111 (25) (O) 14 (280) 1165) 39 3 (29) (52) 2 (301) (86! (32) (118) Mumbai 5terlite Technologies Limited
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ST£RLITE TECHNOLOGIES LIMITED ( Cl N : L31300PN2000PlCZ02408) STl! CONSOLIDATED STATEMENT CF CASH FLOWS FOR THE HALF VEAR ENDED SEPTEMBER JO, 2025 e, lnvesll ng a ct iwities • Purchase of propertv, plant and equipments Purchase of Intangible assets Particulars Proceeds from Hie of propertv, plant and equipment, Purchase of current investments Leans given to related parties Proceeds from sale of current Investment Net movement In other bank balances Renta I income Interest received (finance income) Net cash flow/ (used In) lnveslin& activities C, Financing activities• Proceeds from long term borrowings Repayment of long term borrowings Proceeds/(repayment) from/of short term borrowings (net) Proceeds from issue of shares (net of share issue expenses} Interest paid I including interest pertaining to Ind AS 116) Principal elements of leases payments Nat cash flow from / I used in) fin a ncl ng actlvitl es Half yur ended Seplember-2025 (Unaudited) (81) (OJ 8 (121) (UI . (20) 0 0 1m1 . (~11 68 0 (lt)S) ll4) (172) ( ~ in crores) Half year ended Septambe r 2024 (Unaudited] (39) (5) 16 - 35 17) 0 3 3 . (275) 1326) 973 1137) (50) 185 • Non-cash nnancing and investing actMties during the year pertain to acquisition of right to use assets of~ NII crores (30 September 2024, Nil). Net lnCfease/(decrease) ln cash and cash equlwalents foreign exchange telatins to cash and cash equivalents of foreign operations Cash and cash equivalents as at the beginning of year Cash and caslr equivalents as al the period end Components of cash and cash equivalents: Balances with banks In current account Deposit with ori11inal maturity of less than 3 months cash In hand Total cash and cash e11ulvalents Notes: (129) 14 396 281 281 0 281 70 1 339 410 409 1 0 410 I) The above consolidated statement of cash flows Is prepared as per Indirect method In accordance with Ind-AS 7 on Statement of Cash Flows. Amount appearing as "O'' is below ro~ndlng off norm followed by \he Company, Q2 fY25-26 Financial Results 5 of 13 Sterlite Tochnologies Limited
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STERLITE TECHNOLOGIES LIMITED Notes to con,olldated flnanclal results, STC 1. The aforesaid consolidated financial results of Sterlite Technologies Limited (the "Company") wore reviewed by Audit Committee and subsequent ly approved by the Board of Director, at ii< meeting held on November □ 6, 202S. The Statutory auditors have carried out a limited review of the consolidated results for the period ended September 30, 2025, and expre.ss:ed an unmodified conciusion on th!:! aforesaid results. l ,The above consolidated financial results has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 I•• amended) (Ind-AS) prescribed under section 133 a~ the Cornpiilnies; Act, .2013 and other recognised accounting practices and poiides to the exteM app,icabl!!. l . During the period ended September 30, 2025, the Company allotted 86,137 equity shares of Rs ; each fully paid up, upon the e<ercise of Employee Stock Options. Post tMs allotment, the paid-up equity share capital of the Company s~ands increased from Rs. 97.58 c.rores divided into 487r921,086 equity shares of Rs, 2 each to Rs. 97,60 crores divided Into 488,007,223 equity shares of Rs. 2 each. 4 Details of Secured, R•d•emable, Non-Convertible Debenrures are a, follows: P.artlctJlar, 'J. 15~ :s~cu,ed Rirdirem.abla r ◄oti Con v1tff lt>I .. Oebqnture• l!!I 50~ S.o:cur~cl R,:,:j.,._m6ble Non-Convi!!'rtlbl~ Debenture _·· ___ _ # interest has been pajd on the: due d,ates. N/\ Next 1Jrinie.ip11I ln~t■IMlflnt Oale F,.b , u.-,°" 1..7, r ab r uary 2Q, 20.lS 2026 M.&1"'£.1'1 24, M.:lifch 24, 1025 ~~~ P,rim;;ipal Amoun~ 100.00 Rs t11 U '-'•1t, Jntl8Nt6t Dlllltl!I lntennt A,nDUlll l f ebr u■r 'f 20, :ll 25 :.!026 March 2.3, I l4 sa 2 0 26 - • The listed Secured, Redeem~ble, Non-Convertible Debentures of th• Company aggregating to Rs, 100 <rores as on September 30, 2025, are iecured by way of a fint ,oari passu charge oVE!r movable fixed assetS of the Companv, 9th er than assets located at Shendra, Aurangabad. '0 The listei:1 Secured, Redeemable, Non-Convertible Debentures of the Company acf!regatlng ta As. 290 crores as on September 30, 2025, are secured by way ot hypothecation on spec;F,ed movable fi<ed assets at Shendra plant !project Gaurav) I both present and future) The Company ha.s maintained hundred perce.nt s.ecuritv cover sufficient to discharge the principal amount of the said debentu res in terms of Re~ulation 54 of the SEBI !Listing Obligations and Disclosure Requirements) Re~ulations, 2015, as amended. The Credit rating by CRISIL for Secured Redeemable Non-Convertibl e Deb@ntures issued bv the Com~any is 11 AA- 11 as on September 30, 2025 . 5. Pursuant to the Scheme at Arrangement for Oemerger t.1nder Section 230 to 232 o( The Compantes A.ct, 2013 jlhe Scheme) having an appointed date of April 1, 2023, the Group has do merged its Global Services Business (GSBI effective March 31, 2025 after obtaining necessary statutory approvals including from National Company Law Tribunal INCLT). The Scheme was given effect to and accounted In mm pl lance with the Scheme and Ind AS in the financial statem ents for the yea •nded March 31, 2025. Coniequent to the above, lhe financial results of 1,S6 for the periods ended September 30, 2024 and March 31, 2025 is presented as discohtiflU!!d operatiahs . 6. Prysmian Cables and Systems USA, LLC (Pr_,sm ianl filed a ca1t1plait1t Ir, the U.S, District Court for the District of South Car01ina1 Columbia Division, against Stephen Szymanski, ( 11 S2ymanski") an employee of Sterllte Technologies Umited's {STLI U.S. subs.idiary1 Sterlite Technologies Inc. {"STl"j1 as well a.s against STJ, alleging inter alia that Szymanski yjolated certain non-compete and confidentiality agreement~ with the Plaintiff and subsequently diuulce:d such confidential Information to STI, which Plaintiff further alleges provided STI with an unjust competitive advantage. Szyman,ki and STI a,serted affirmative and meritorious defenses to the alle~ations, STL is not a partv to this dispute IH!ither are any claims being made ag;inst it On August 9, 2024, at the conclusion of the trial, which commenced on July 22, 2024, the Jury returned its verdict against 5.lymanski for S 0.2 million and against STI for an amount of S 96,S million , On September 11, 2024, ,Tl filed post-judsement motions requesting different types of post-tr ial relief. On August 29, 202S, the Court subsequently confirmed the verdict. with the total award amounting to$ 101.25 million including >ttorneys' fees and costs of S 4.7~ million . STI believes lhe judgment is. unsupport@d by th@ testimony and evidence presented at trial 11,id has filed an appeal with the Unite d States Court at AppeaJs. for the Fourth Circuit. The ultimate financial implications, if any, cannot b~ ascertained at this ~tage Q2 FYJS-26 Financial Results 6of 13 Chartere p\N \ C • 50 12751 /1'15 Mumbai Ster lite Technologies limited
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STERLITE TECHNOLOGIES LIMITED Notes lo consollda ted fln a nclal ,..,ult< : ST\.! 7 The disclosures required a, per the provisions of R•gulation 52(4) and 54121 of SE81 (Li,ting Obli11ations and Disclosure Requirements I Regulations, 2015, •• arnend@d, are g;ven below; Ratios Debt equity ratio [{Total borrowings (including lease liabilities) 1·1 cash and cash equivalents (including other bank balances) and c:utr!:!nt i11vestmehts} / tatal equitvJ Debt s:ervrce coverage ratio (not aihnualisedl [Profit before intere.s.t, depreciation, amortisation and tax from ccntinuin_g ooerations I (finance co<!+ principal long term Joan repavmentll ' Interest service coverage ratio (not annualised I {Profit before intl!'rest, depreciat i on, amcr1isatian and ta)( from continuirig operations/ finance co.st} $ Current ratio [current assets/ current liabilities I Long term debt to working ca pita I Lon• term debt/ working ca�ital] Bad debt to accounts rec:elvable ratio (for continuing operations.) � [!Bad debts + provision for do ubtful debts!/ trade receivables] Current liability ratio [Curr.nt llabilitie, / wtal liabilities) Total debtto total assets [Total debts (includin1 lease liabilities)/total as,ets) Asset coverage ralio - NCO S.50% /Written down value a, secured as,et mortgaged, hypolhecated / outstanding amount of borrowinczl A�set coverage ratio • NCO 9.35% [Written down value of secured asset mort5aged, 1,ypothecated / out.standing amount of borrowing! Trade receivables turnover ratio {for continuinK operations) A.n nualised revenue from o berations / c lo.s i nE currerit trade receiv-iil bl es: 1 s Inventor)' turnover r■ilio [for continuing operations) s [Annualised cost of goods sold/ closing inventory] Operatin1 mar1in (%) (for continuin� operations) ' Profit before interest, tax ijnd excegtion;al items/ re1Je111Je from oper-1tiori.s] N•t Prcflt Margin (%) (for continuing operations) ' Net profit after tax and ew:cepUohal Items/ revenue from operations] Caoital redemotion reserve I� in croresl Net worth(� in crore,I Qua,ter ended (Unaudited) Half-Year ended (Unaudited) September 2025 June 2025 September September September 0,70 0.70 1.14 2.43 2.59 2.79 09 0 091 17.25 13.59 10.001 10.001 0.76 0.73 0,33 0.32 2.72 2.77 1.85 1.75 5.41 5.62 2.17 6% 6% 0% 1% 2.054 2.021 2024 2025 2024 0.79 0,70 0.79 1.01 1.55 a S2 1.92 2.69 1.62 l 06 090 l 06 2.20 17.25 2.20 (0.01) 10.01) (0.01) 0.83 0 76 0.83 0.32 0,33 0.32 2.88 2.72 2.88 2.75 1.85 2.75 4.79 5.37 4 34 2.30 2 21 197 4% 2% 2.938 2.0S4 2.938 Vear ended (Audited) March 2025 0,73 O.BO 1.88 092 16.18 0.71 0.35 2.86 1.84 4.84 2 72 3% 1,990 S Th@se ratios are provided for continuin� operations in respect of periods/year presented iticludihg for prior penad/y�;u to provide better understanding .ilnd comparability a. Prl!viou� period/year figures have been regrouped/ rearranged, wherever necessary to conform to current period 1s dassfficatlon. 9. These consolidated financial results aro availablo on th• Company's website viI https://stl tech/investor/ and on the websites of 8SE [www bseindia com) and NSE (www.nseindia.com). Placn: Mumbai DatO!: November 06, 2025 for and on behalf of the Board or Directors of Sterlite Technologies limited An kit Agarwal Managing Director DIN : 03344202 RegtS!ered office; Sterlite Technologies Limited, 4th Floor, Godrej MIiiennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra-411001 www..st1.toch Telephone. +91 20 30514000 Fa.: +9120 30514113 Q2 FY25-26 F i nancial Results 7 of 13 --...::::::::::=:=:=::::::;::::�c;;:irlhc Tec:hnolagies Limited
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STERLITE TI:CHNOLOGIES LIMITED STC (CIN : U1300PN2000l'LC202408) STANDALONE FIIIIANOAL RESULTS FOR THE QUARTER AND HALF VEAR ENDED SEPTEMBER 30, 2025 Parllcula,s Quarter ended September 25 June2S (Unaudited) (Unaudltad) From Conlin uln& Operafl ans Revenue from operations. S59 543 O I her income 39 38 Total lncome 598 581 Total •"PendlWre S24 502 Cost of raw materials .and cam.ponents: consumed 290 242 Purc"'ase of stock-in-trade 50 62 Oncreasel / dec.-ease in Inventories of finished iOods, work in (28) (31 prog.-ess and 5tock•in•traide. Employee benefits ••Pense 35 42 Other expenses 177 159 Earnings bef0<e lnlereSI, tax, depreclaUon and amortisation 74 19 (EBITDAJ from continuing operations Finance costs 35 34 Depreciation and amortisation expense 42 42 Proftt/(loss) before laK worn continuing operaUons (3) 3 Ta• expeme/(credlt): {11 l Current ta)( . Deferred tax (1) 1 Net profltj(loss] for the period from continuing operations 12) 2 Profit/(1.•m) from discontinued operations (net oJ lax] (note 6) - Net proftt/llou) for Ille period (2) 2 I) Other comprehensive lncome/(toss) from contlnulnc operation, A, i) Items that will be reclasstfled to profit or loss 3 (191 ii) rncorne tax relating tothe~e items (OJ s a. ii Items that will not be reclassified to profit or loss 2 - iii Income tax relating to these items IOI ill Other comp rehenslve In com e/(loss) 1,om dlscontl nued cperatlons A. II Items that will be recla,.ified lo profit or loss - ii] Inca me lax ri!!lating to these items . B. i) Items that will not be reclassified to profit or loss iil Income ta)( relating to these items Total other comprohenslve Income/ (loss) fo, the pe,lod / year 5 (14) Total comprehensive lncome/[loss) for the period/ year 3 (12) P•id•up equity share capital I face value ~ 2 per share fully paid•up) 98 98 other Equity Earn I np per eq ulty ;hare (E PS) (not ann ua 11,ed] Basic EPS • from continuing operations(~) (0.05) 0,05 DIiuted EPS - from continuing operations(~ I I0.05) 0.05 Basic EPS - from discontinued operations(' I - DIiuted EPS - from discontinued opera~ons (~) Basic EPS - from continuing and discontinued operations(~) (O.OS) □.05 DIiuted EP5- from continuing and discontinued operations(~) (0.05) D,05 Amou~t appearing as "O" is below rounding cff norm followed by the Compcmy. Q2 FY25-26 Financial Results 8 of 13 I~ in crores except earnings per share) Helf Year ended Septemb•r 24 Sept em bar 25 (Unaudl!ed) (Una udlted I 554 1,102 32 77 581i 1,179 527 1,026 272 532 41 112 (7) (31) 43 77 178 336 S9 153 43 69 44 84 (28] (OJ (71 tOJ . Pl IOI (21) a 12 {91 0 (12) (16) 3 5 2 (OI . (9) m (18) (9) 98 9B {0.43) 0.00 {0.431 0.00 0.24 0.24 (0.19) 0,00 (O.L9} 0.00 cnartere 1NMC-s \ ~/,1 FiN012754 " ti * September 24 {Unaudited) 1, □7□ 70 1,140 1,083 586 79 (57) 86 389 57 93 89 (11S) (28) (28) (87] 21 (661 191 2 (7) (73) 98 (1,80) (UO) 0.44 0.44 (1.36) (1.36) Year ended March 25 tAudltedl 2,l15 133 2,348 2,188 1,078 223 {43) 172 758 ltiO 163 174 (177) (50) - (SO) (1211 12 (115) (11 0 0 fO) . 1 101 [OJ (115) 98 1,320 12,621 (2,621 0,24 0.24 12.38) (2.38)
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STER LITE TECHNOlOGIES LIMITED (CIN: L31300PN2000PLC2024Dll) STAN DA LONE BALANCE SHE ET AS AT SEPTEMBER 30, 2025 Assets I. Non-current ass els (a) Propeny plant 8c equipment (b) Capital work in progress le) Other Intangible assets (di Financial assets (i) Investments (ii) Loans Particulars (iii) Other non-current financial assets (e) Deferred tax assets (net) (fl Other non-current assets Total non-current assets II. Current assets (al Inventories lb) Financial assets Ill Investments Ii) Trade receivables {ii) Cash and cash eq u iva I ents (Iii) Other bank balan·ces (iv) Loans (vi Other current financial assets (c) Contract assets (d) Other current assets (e) Current tax assets (net) Tota I current assels Total assets Equity and liabilities Equity Equity share capital Other equity Total equity Liabilities I. Non-current liabilities (a) Financial liabilities (i) Borrowings (ii) Lease liabilities (iii) Other non-current financial liabilities (bl Employee benefit obligatjons (cl Provisions Total non-current liabilities II. Current liabilities la) Financial liabilities Ii I Borrowings {ii) Advances under advance payment and sales agreement (APSA) (iii) Lease liabilities (ii) Trade payables (A) total outstanding dues of micro and small enterprises I B) total outstanding dues of creditors other than micro and small enterprises (iv) Other current financial liabilities (bl Contract liabilities (c) Other current liabilities (di Employee benefit obligations (e) Provisions (I) Current tax liabilities {net) Total current liabilities Total liabilities Total equity & llabllltles Amount appearing as •o• is below rounding off norm foilowe<J by the Company. Q2 FY2S-26 Financial Results 9 of13 30 September 2025 (Unaudited) 1,614 23 13 307 498 13 24 5 2,497 384 123 456 70 88 0 121 1 124 19 l,386 3,883 98 1.310 1,408 362 32 0 8 402 756 188 5 19 887 94 27 50 10 37 2,073 2,475 3,883 STl! {~ in crores ) 31 March 2025 (Audited) 1,662 16 19 309 456 5 19 3 2,489 320 795 204 67 0 93 1 137 l,617 4,106 98 1.320 1,418 386 33 10 g D 438 787 181 8 29 1,057 75 7 S6 11 39 D 2,250 2,689 4,106 ~ "d ethnologies Limit
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STERUTE TECHNOLOGIES LIMITED ( CIN : L11100PN2DOOPLC202408) STl! STANDALONE STATEMENT OF CASH FLOWS FOR HALF VEAR ENDED SEPTEMBER 30, 2025 Pa rtlcufa rs A. 0 peratlng activities Proflt/(Loss} before tu From continuing operations From discontinued operation Profit before tax Adjustm ents to reconcile profit before tax to net cash flows Depreciation and Impairment of property, plant & equipment Amorti1ation and Impairment of intangible assets Impairment losses on flnanclal and contract assets liabil ities no longer required written back (Profit I / Loss on sale of property, plant and equipment (net) Impairment provision for Investment In subsidiaries Rental Income Employee stock option eKpenses Finance costs (Including Interest pertaining to Ind AS 116) Finance income (forming part of other Income) Gain / Loss on investment measured at FVTPL Unrealized e-change difference (net) Operating profit before wol1lln1 capita I changes Working capita I adjustments : lncrease/(deoreaseJ In trade payables tncrea.se/(decrease) in long-term provisions tncrea1e/(decreaseJ in short-term provisions tncrease/(decreas.el in other current liabilities lncrease/(decrease) in other current financial II abilities lncrease/(decrease) in contract liabilities lncrease/(decrease) In other non-current financial liabilities lncrease/(decrease) in non current employee benefits obligations lncrease/(decrease) in current employee benefits obligations Decrease /(increase) in trade receivables Decrease /(Increase) In Inventories Decrease/(lncrease) In other current financial a,sets Decrease/(increase) in contract assets Decrease /(increase) In other non-current financial assets Decrease /(Increase) in other current assets Decrease/(increase) in other non-current assets Changes in working capital Cast, generated from/ (used in) operating activities Income tax paid (net of refundsl Net cash flow from/ (used lnl operating actlvilies Q2 FY25-26 Financial Results lOof 13 (~ In croresl H1lfyurended Halfyearended September 2025 September 2024 (U1111udltedl (Una11dlted) (0) (115) 30 (OJ (85) 82 91 'l 2 4 8 (3) (2) 1 2 (0) (0) (0) 69 116 (23) (33) {l) (7) (i1) 123 169 123 84 (194) 101 (0) (2) 0 (61 2 4 (15) 26 110) IOI (0) l (0) (1) 0 3'43 1162) (64) 1136) (22) 91 0 (52) (8) 0 u (:¼S) (0) 3 89 (2131 212 1129) (201 (7) 192 (136)
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STERLITE TECHNOLOGIES LIMITED (CIN: L31300PN2000PlC202408) STl! STANDALONE STATEMENT OF CASH HOWS FOR HALF YEAR ENDED SEPTEMBER 30, 2025 B. lnvesl!ng acllvllles• Payment for property, plant and equipment Purchase of intangible assets Particulars Proceeds from sale of property, plant and equipment Sale / (Purchase) from sale of current investments Loans given to related parties Repayment of loans by related parties Net movement in otner bank balances Rental income lnteres1 received Net cash flow from/ (used in) inve,ting activities C. Financing activities• Proc-eeds from long -1erm borrowings Repayment of long• term borrowings Procceds/(repayment) from/of short • term borrowings (net) Proceeds from issue of shares (net of share issue expenses) Interest paid (including Interest pertaining to Ind AS 116) Principal elements of lease payments Net cash flow from/ (used in) financing activities Half yearandld 5eptember 2025 I Unaudited I (60} (0) 8 (U2) (66) 50 (211 0 6 (2051 12) 153) 0 (60) (6) tt211 (~in croresl Ha If year ended September 2024 (Unaudited! {17) (1) 15 35 1776) S79 (2) 0 l (l.67) . (206) (293) 973 (96) (19) 359 • Non-cash financing and Investing activities during the year pertain to acquisition of right to use assets or~ NII crores (30 September 2024: ~ Nil). Net lncrease/(decrease] in cash and cash equivalents Cash and cash equivalents as at the beginning of year Cash and cash equivalents as at the period end Components of cash and cash equivalents; Balances with bank.s: In current account Deposit with original maturity of less than 3 months Cash in hand Total cash and cash equivalents Notes: (134) 204 70 70 0 70 56 184 240 240 0 240 i) The above standalone statement of cash flows is prepared as per Indirect method in accordance with Ind-AS 7 on Statement of Cash Flows. Amount appearing as "O" is below rounding off norm followed by the Company. nartere Q2 FY25-26 Financial Results 11 of13 Sterllte Technologies Limited
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STE~UTE TECHNOLOGIES LrMITED Not11s to stc1 n d illane flnancla I re5u Its : STl: 1. The afore.said stand alone flnancla t resulu of Sterlite Techno,ogie.s Limited (the "Company") were reviewl!d by Audit Committee and sub.seque:ntly jjppro1,1ed by the Soard ot Oiri!ctou at tts mee~lng held on Nov~rnber 06, .2025. The Statutorv auditors have carried out a limited ,eview of the standalone results for the period ended S@ptember 30, 2025, ar,d exprened ~o unmodif ied conclusion on the aforesaid re.suits. 2 Since the .segment information as pl!H Ind A.S 108 - Operatln8 Se11:ments is provided on the basis of consolidated financial res.ults., t he same is not provided s.eparati!!ly in .standalone fini!llnci8I rl!!iulr~. 3 The ilbove stat@ml!nt II.as be@n i;irepared in accordar.ce wilh the Compa11ies (Indian A.ccounting S1a11dardsl R\Jles, 201S (Ind-AS] prescribed under section 133 of ttie Comp:mies Act, 2013 and otl'll!:r r~coghl:;ed ai:ir;cl..mtlng practi'°e:s and polii::{ei to the e11.te11t applicable 4 Du,irl@: the period ended S@p~mbl!!!r 30, 202.5, th~ Company allotted 86,137 equity s:hare:a of Rs 2 eac.h foUy paid up, upon the exercise of Employee Stoc.k Options Post this illlotment, th@ paid-up l!!quily share capita I ot the Comp.any >tands increased from Rs 97.58 crores divided into 487,921.086 equity sllares of Rs 2 each to Rs 97.50 o::rores. divided ir,t,c ~sa.007,223 equity shares of Rs. 2 each. Details. of Secu<ed, Redeemable, Non-Conveflible Deb@ntures arl!! as follow~: l•artkular• I •l }5'~ s~cvred ~~d~,,..m.,l::il~ Nan·Convr.-,tlhlr n .. t>,,.r.t,Jf••"' A ;,,o.,... ,. .. < ......... ,.J A.-.,1 .. r ..... ~ ... hl .. N,,, •. c ... , ........ {ihl .. 0...b•l'! IUt • '"'" # lntere.5t ha:a been paid on the due dates, e,~::,:I:•,"•' Ul•,:,:::~u• I F .. h, ,i,.,v '<. zoz~ N,\ M!H<.M ./4 ,1.Q ,t_', P,lu, l1t •I ln,talment: o.~ .. F"'hru11"/ 21'), ./(]./(, M ,urh 74 ..!~G N..-•t l)uo, l;t•t • I l oo oo I "~u• ""'"' .1.0. J(),1-, 71 !iC) 11.111,r-n ,It, ___ _yo.z.U • The listed Secured, R@de@mabl@, Non•Convert:lble Oebenture.s. of the Company ilggregating to Rs, 100 crores as on 5ept ember ~01 2025, are secured by way of a lirst pari passu charge over moi.iable flxl!!d us@ts. of the Company, other than a:;sets located at Shendra1 Aurangabad. "•The li.stl!!d S@i::ured, Rl!!!deemable, No1'1-Con11ertlble Debentures of the: Company m,e.g,regating to Rs. 290 cror@s as on S@pt@mb@r 301 .2025, ar@ s@i:ur~d bv way of hvpothecation on specified movabll!!! fl>:l!d anl!t.5 .i!lt Sheridra plant jprojed Gauravl jboth present and future) . The: Company has mai11tain@d hundred p~rcl!nt s.~i::ur1,y cover .s.ufficlent to di.scha(ie the principa I amou'1t of the said debentures in terms. of Regulation 54 of the SEBI flisting Obliga1ions !Ind Disctos:u~e R~qul-rl;!ment.s} Regulations, 2015, as amended , The Credit rating by CRISIL far Secur@d Redeemable Non-Con-..iertibl~ D@bentur@s issul! b-y the Compa11v is ' 1 AA, 11 as on S@ptL!!mber 30, 202S. 6. Pursuant to die S.du1me or A.rrar.geme.,.t ~er Oemerge,r under Section 230 to 2'32 of Ttie Complinies Act, 2013 jttl@ Scheme,) having iiln appointed dat e of April 1, 2 □23, the Company has de:m~rged its: Global Services Bt.1sinl!!:;.5 (GS8) effectl!J'e March 31, 2025 after obtainil')g necessary statutory approvals. including from Nat ional Company law Tribunal (NCLT). Tt'ie Sch@ml!! was: gfve11 @fte-t:t to and aei:ou!lted in c:ompllance with the Scheme and Ind AS in the financial statements for the: year end ed March .311 202S~Consequent to thl!! above, ttil!! tlna!'ld.ad teS(Jlts of GS-6 for the period~ ended September 30, 2024 and March 31, 202S is. presented as discontinued op~rations. 1, ~rysmia!l Cable.sand Systems. USA, LLC (Prysmiim) fill!d a c:ompli!lint ir'I th~ lJ.S. Oi$trict Co-urt for the Oistric:t of South Carolilla, Columbia Oi1'i:ii0n, against Steph en szvman5kl, ("S.zymainski"} an employee of Sterlite Te-cllnoloci@s Limitl!!!d's (STL} U S subsidiary, Sterlite Techriologle-5 lhc {"STl"I, a:; well as iilSair,St STI, alle€1ng inter alia that Slyman.ski violated cenain non-compete and Lonfidl!Mlallty .agreerrient:a with the Plaintiff aind .subsequently divulged such co11fidential information t o STI, which Plaintiff further alleges provided STI wi1h an unjust comp@tllivl! advarit~g~ . Szyman:akl .and STI asserted aiffirm.ative and meritoricius defenses to the allegations . STL is not a party to thi,s; dispute neither are any claims bei11g made-against it. Orr Au&u5t 9, 2024, at ,he conch.rs.ion of the trii1I, whicl, t:omml!nt:o!!d c:in July 2.2, 2014, the J'l.l..-y returned 1t:; verdict agillnit Slymilmki fct $ 0 ,2 million and ilK.!lim;t STI for ah amount of$ 96.S million. On September 111 2024, STI filed !)ost-judsemoe,it rnoliori!i req1,1estlng different type:a of post-trlal relier , 011 .Au11tU.5t .29, 202s, the Court subsequently confirmed the verdict, witll lhe total ilWiHd amounting to$ 101 25 million including attorneys' fee.sand costs of$ 4 75 million STI believes the judMment is 1..rnsupportl!!d by thl!! tl!!stirnony and !i!Vid!i!r'ICe pre:aerited at trial af\d h-as filed an appea I with the United Stmtes Caun of Appeals for the fourth Circuit. The ultimate financial implitatlcns, if ar,y, t:anncit be a:;certained ilt this stage. Q2 FY25-26 Flnam:ial Resulls 12 of 13 Chartere f' \Nl C • 5 127;~ /N5 Mumbai Sterlite Tec:hnofogies limit ed
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STERLITE HCHNOLOGIES UMIHO Notes to na"d 1lo11e fh.anclal tesu Its : ST\! S. The disclosure requir@d as p�r thie ptovlsh:ms of Regujaticm 52(4} and 54j2) of :SEBI (Listins ObligatlQns.arid Dtsclos.ure Requirements) Re1ulation,5, 2015 is given b@low: Raitlru QUi1rter ended Hall Year Ended Year ended Unalldlted] (Una u d ltedl (Audited I September June September September September March lD.25 202.S 2024 202.5 21114 2025 Oebt equitv ratio 0 62 0.65 0.60 0.62 0.60 0.67 [{Total borrowings (lndudine lease liabilities) (-1 cash and c;i�h equivale:nh (includinr; othl!r bank balances) and c:urref\t Investments}/ total eq11ityJ Dll!"bt Sl!!!Nic,e coveras:e ratio (not annualised] 2.05 2.25 1.10 2.14 0.20 0.42 (P'rof1t be�ore interest, depreciation, amortisation and ta,r from continuing op@n1tions/ lfinance cost+. principal Ions tl!rm loar, repayment)! $ Interest servke covera�e ratio (not aru,ualis@d) 2 11 2 31 136 2.20 068 0.98 (Prctlt before interest, deprE!ciation, :!lmortl.sahon and ta.I( from continuing operations / finance rnsl] '> Current ratio 0.67 D.66 1.02 0 67 1 02 072 lfcurrent Ui@ts / c:urrl!nt ltabllltlesl Long t�rm debt ta WCJrking capital (0 87) 10 93) 4 45 (0 87) 4.45 1100) (Long terrn debt/ working capilalJ Bad debt to 11ccounts rl!cl!ivabje ratl1;1 jfor continulns operations) S 0 00 0.00 0.00 0.00 0 01 0.02 ({Bad debts+ pro\lision for doubtful debtsj / trade re:ceivables] ::urrent liability rat i o 0 84 082 0 90 O.B4 0.90 0 84 (Current liabililio, / total llabllltles} fotal debtto total as.s�ts 0.30 0 28 0.25 0.30 0.25 0 30 IITotal debts jjncludin11 /ea�e liabWtiesl/ total it.SS�tsl Asset wverage ratio• NCD a. SO% 2.72 2.77 2.88 2.72 2.88 2.86 (Written down valul! of sec:u,ed a-s:iet mortgased, hypo1hec11ted / outstandhiir amount of borrowing) Assl!!!t covl!!!r11c� ratio• NCO 9 �5% 185 1.75 2.75 185 2 75 U4 (Writtl!!!n down value of se-c:ure-d ass�t mort:Raged, hvpothl!!!cat@d / ouUtat1dlt1g am,ouot c( borrowlns) Trade re ce iva bles t\J rnowr ra tlo (for CQhtl hUlnii!: opera lions) � 4 90 420 us 4.83 2 ZI l 79 !Annualised revenue from operitions / closing currenl trade receivable,) Inventory turnover ,atio (for cont i r-ulng operaitliCJh-5} :, 3 25 364 2 97 3.19 BS 3.93 !Annualised cost of goods sold from c:or.tlrilllna: oper.atlons / closing tnventorv) Operating margln I"} (for continuing operations} s 6'. 7% 3% 6% -3% ·1% (Profit bi!forl!!! inter,e-!.t, tax and exceptional items/ reven\J@ from op@ratlon.s) N•t Profit Margin jK) jfor continuing oparat i ons:) $ 0% 0% -4% 0% -8% -6% (Net ptofit after tax and eii:ceptPonal tfems / rave-nue from operations) Capital redemptio" re�erve [!\ In crore:sl 2 2 2 2 2 < Net worth t'� Pn crnres.) l,408 1.406 1,616 1,408 2,626 1.418 $ Th,e,se ratios are provided �or continuing op@rations ir. r�spet:t or l'}Criods/vear presented including for prior pariod/vear to provide b@tt@r unde,-sundlng and ccm1pa,.ibilll'V 9 Previous period/yea rfiguru luv@ been r.l!g:rouped / -rearranged, wherever necessary to conform to c:urrl!!!nt p!!rlod's cla�lric:uion. 10 Thiese stat1dalone financial res!.Jlts are available vll the Company's website viz.. https://stl.tech/investor/ and on t'1e wl!bsitei of SSE (www,b�l!!!ir-dia.com) :and NSE jwww '1!i.f!1ndia.com!. Pl..ir::e Mumbai For' and oh be'1aff 1Jf the Bccml of Dlrec.tors of Daile No1Jember 06, 20.25 Sterlite Technolo'1:ies. limited An kit Agarwal Managing Oirector DIN , 03344202 R!!eistered of fice; Sterlite Technologies Limited, 4th Floor, Godrej Mlllenhl1Jm1 KQregaon Road 9, S.TS 12/1 1 Pune1 Maharashtra-411001 www sU.t!!c:h Telephoae, +9120 30514000 Fa.: +91 20 30514113 02 FY25-26 Flnanelal Results 13 of 13 cnartere 11'1 \C • 5 121s\i1111 Mumbai St@rlite Ttchriolosil!!S. Limited
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Price Waterhouse Chartered Accountants LLP Review Report To, The Board of Directors Sterlite Technologies Limited, 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra - 411001 1. We have reviewed the unaudited consolidated financial results of Sterlite Technologies Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsid iaries) hereinafLer referred to as the "Group") (refer paragraph 4 below) for the quarter ended September 30, 2025 and the year to date results for the period April 01, 2025 to September 30, 2025 which are included in the accompanying Consolidated Pinancial Results for the quarter and half year ended September 30, 2025, the Consolidated Balance Sheet as on that date and the Consolidated Statement of Cash Flows for the half-year ended on that date, together with the notes thereon (the "Statement"). The Statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 and Rcgu lation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. 2. This Statement, which is the responsibility of the Holding Company's Management and has been approved by the Holding Company's Board of Directors, has heen prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting", prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ('SR.E') 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial an<l accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently docs not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. - - ·-··:.:.,.rr 1r ,C-! Oo, •,l'I )f 0 7., t 'l~•S_.?.. Price Waterhouse Chartered Accountants LLP, Nesco IT Building III, 8th Floor, Nesco~ •k-r,l~.CQ:~~ Western Express Highway, Goregaon East, Mumbai - 400 063 T: +91 (22) 61197810 Registered ollice and Hoad office: 11 ·A, Vishnu Digamber Marg, Sucheta Bhal'lan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liaoility Partnership with LLP identity no: LLPIN MC-5001) with etfectfrom July 25, 2014, Post its conversion lo Price Waterhouse Chartered Accountants LLP, its ICAI registration nwnber is 012754N/N500016 (ICAI ,~gistration number before conversion was 012754N)
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Price Waterhouse Chartered Accountants LLP 4. The Statement includes the results of the Holding Company and following enlities : - Sr.No. Name ufthc entity Relationshi11 Sterlite Global Ven lures (Mauritius) 1 Limited Subsidiary 2 Speedon Network Limited Subsidiarv Elitccore Technologies SDN BHD. 3 (Malaysia) Subsidiary Sterlite (.Shanghai) Trading Company 4 Limited Subsidiary 5 Sterlitc Tech Holding Inc. (USA) Su bsi<liarv 6 Metallurgica Bresciana S.p.A Subsidiary 7 STL Digital Limited Subsidiar y 8 Sterlite Tech Cables Solutions Limited Subsidiary 9 PT Stcrlite Technologies Indonesia Subsidiarv 10 SLerlite Technologies l'ty. Ltd Subsidiary 11 Stcrlitc Technologies DMCC Subsidiary 12 STL Optical Interconnect S.p.A. Subsidiar y 13 STL Tech Solutions Limited, UK Subsidiary Jiangsu Sterlitc Fiber Technology Co. 14 Ltd. Step do½'ll subsidiary Elitecore Technologies (Mauritius) 15 Limited Step down subsidiary Stcrlitc Technologies Inc. (South 16 Carolina) Step down su bsidiarv 17 Optotcc S.p.A. Step down subsidia ry 18 Optotec International S.A Step down subsidia ry 19 STL Digital Inc. (USA) Step duwn subsidia ry 20 STL Optical Connectivity NA, LLC Step down subsidiarv 21 STL Solutions Germany GmbH Step do½'ll subsidiary .22 STL Digital UK Limited Step down subsidiary 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred lo in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforcsai<l Jndian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to he disclosed in terms of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We draw attention to Note 6 of the unaudited consolidated financial results, which describes the status of a litigation against Sterlite Technologies Inc, USA, a s ubsidiary incorporated outside India, by another USA based entity. Management is pursuing legal remedies and has filed an appeal with the United States Court of Appeals for the Fourth Circuit, and the possib le financial impact of the litigation is cunently not determinable. Our conclusion is not modified in respect of this matter .
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Price Waterhouse Chartered Accountants LLP 7. The i nlerim financial information of four subsidiaries reflects total assets of Rs. 1,333 crorcs and net assets of Rs. 602 crores as at September 30, 2025, and total revenues of Rs. 325 crores and Rs. 635 crores, total net profit after tax of Rs. 16 crores and Rs. 40 crores and tota l comprehensive income of Rs. 16 crores and Rs. 40 crores, for the quarter ended September 30, 2025 and for the period from April 01, 2025, to September 30, 2025, respectively , and cash outflow (net) of Rs. 9 crores for the period from April 01, 2025, to September 30, 2025, as considered in the unaudited consolidated financial results. These interim financial information have been reviewed by other auditors in accordance with SRE 2400 "Engagements to Review Historical Financial Statements" and their reports, vide which they have issued an unmodified conclusion, have been furnished to us by the other auditors and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 a hove. Our conclusion on the Statement is not modified in respect of the above matters. 8. TI1e unaudited consolidated financial results include the interim financial information of fifteen subsidiaries which have not been reviewed by their auditors, whose interim financial information reflects total assets of Rs. 912 crores and net assets of Rs. 365 crores as at September 30, 2025, and total revenue of Rs. 41 crores and Rs. 57 crores, total net loss after tax of Rs. 8 crores and Rs. 11 crores and total comprehensive loss of Rs. 8 crores and Rs. 11 crores for the quarter ended September 30, 2025, and for the period from April 01, 2025 to September 30, 2025, respectively, and cash inflows (net) of Rs. 9 crores for the period from April 01, 2025 to September 30, 2025, as considered in the unaudited financia l results. According to the information and explanations given to us by the Management, these interim financial information results are not material to the Group. Our conclusion on the Statement is not modified in respect of the above matter. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Sachin Parekh Partner Membership Number: 107038 UDIN: 25107038BMOZHR1385 Place: Mumbai Date: November 06, 2025
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Price Waterhouse Chartered Accountants LLP Review Report To The Roa rd of Direclors Stcrlite Technologies Limited, 4th Floor, Godrcj Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra - 411001 1. We have reviewed the unaudited standalone financial results of Sterlite Technologies Limited (the "Company") for the quarter ended September ~o, 2025 and the year to date results for the period April 01, 2025 to September 30, 2025, which arc included in the accompanying Standalone Financial Results for the quarter and half year ended September 30, 2025, the Standalone Balance Sheet as on that date and the Standalone Statement of Cash Flows for the half-year ended on that date, together with the notes thereon (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEEi (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been initialled by us for identification purposes. This Statement, which is the responsibility of the Company' s Management and approved by the Board of Directors, has been prepared in accordance \'[ith the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" {"Ind AS 34"), prescribed under Section 133 of the Compan'ies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 2. We conducted our review of the Statement in accordance with the Standard on Review Engagements {SRE) 2410 "Review of Interim Financial Information Performed by the lndepcndent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and pc1form the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. _)} - 'Ii' oo .fo;PIJ:.i * Price Waterhouse Chartered Accountants LLP, Nesco IT Building III, 8th Floor, Nesco IT Park, Nesco Complex, Gate No. 3 Western Express Highway, Goregaon East, Mumbai - 400 063 T: +91 (22) 61197810 Registered office and Head office: 11-A, Vishnu Diqambor Mar~, Our.hula Bhawon, Ne,w Delhi • 110002 Pfica WaterhOu!;;e {a Parlnership Firm) converted into Price Waterhouse Cha,tered Accountants LLP {a Limited Liability Partne rship with LLP identity 110: LLPIN AAC-50 01) with eftect from July 2~, 2014. Post its co11versior1 to Ptice Waterhouse Chartered Ac:count:mts LLP, its ICAI regi&tration 11umber is 012754N/N500 016 (ICAl registmtion riumlJe1 befo1 e co1w~1sion was Ol 27!>4N)
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Price Waterhouse Chartered Accountants LLP 4. We draw attention to Note 7 of the unaudited standalone financial results, which describes the status of a litigation against Sterlitc Technologies Inc, USA, a subsidiary incorporated outside India, by another USA based entity. Management is pursuing legal remedies, and has filed an appeal with the United States Court of Appeals for the Fourth Circuit, and the possible financial impact of the litigation is currently not determinable. Our conclusion is not modified in respect of the above matter. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Sachin Parekh Partner Membership Number: 107038 UDIN: 25107038BMOZHS1705 Mumbai November 06, 2025