Sterlite Technologies reported record quarterly revenue and profit for the first quarter, with net profit skyrocketing 870% year-on-year to Rs 197 crore. The earnings surge was driven by robust AI-led demand for optical connectivity and data centre solutions, according to the company.

The Pune-based telecom cable and digital infrastructure manufacturer, listed on the BSE and NSE, said it achieved a net debt-free balance sheet during the quarter. Sterlite Technologies also secured a record order book and strengthened its AI-ready infrastructure portfolio, positioning itself to capitalise on growing demand from hyperscalers and data centre operators.

Sterlite Technologies, formerly known as Sterlite Optical Technologies, is a leading global provider of optical fibre, optical connectivity solutions, and digital infrastructure products. The company serves telecommunications companies, internet service providers, and large-scale data centre operators worldwide.

The company's strong quarterly performance reflects the broader industry trend of accelerating investment in digital infrastructure, particularly as artificial intelligence workloads drive demand for high-capacity optical networks and data centre connectivity. India's data centre sector has been expanding rapidly, supported by growing cloud adoption, evolving cross-border data transfer regulations under the Digital Personal Data Protection Act 2023, and government digital infrastructure initiatives—creating domestic demand for optical connectivity providers alongside their global export markets.

With a record order book and a net debt-free balance sheet, the company's order execution pace and capacity expansion will be closely watched as global hyperscaler capital expenditure on AI infrastructure continues to scale.

Source: Economic Times Markets