At 9:24 AM on Monday, shares of Sterlite Technologies Ltd (STL) were trading at ₹73.00, down 3.46%, following the release of its Q4FY25 results. The company reported a net loss of ₹40 crore, a significant improvement from ₹82 crore in the same period last year. Revenue also rose 24.8% YoY to ₹1,052 crore.
In key management updates, STL appointed Ajay Jhanjhari as Interim CFO, re-appointed Pravin Agarwal as Whole-time Director, and accepted the resignation of Anjali Byce, the company’s Chief Human Resources Officer.
Despite the muted stock reaction, Nuvama maintained its buy rating on Sterlite Technologies, assigning a target price of ₹105, which implies an upside of approximately 44% from the current level. The brokerage highlighted improvement in the optical business and expects demand recovery from data centres and telecom operators to drive revenue and margin growth. Inventory destocking nearing completion is also expected to enhance capacity utilisation.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consult certified financial professionals before making any investment decisions.
