Sterlite Tech Shares Fall 4% Despite Management Raising FY27 Margin Guidance

Sterlite Tech Shares Fall 4% Despite Management Raising FY27 Margin Guidance

Sterlite Tech shares fell as much as 4% on July 30, following the company's earnings call. During the call, management increased its FY27 EBITDA margin target to 23%, ahead of its earlier guidance of 20% by the end of the fiscal. The revision comes after the company delivered an EBITDA margin of 20.8% in the June quarter, achieving its earlier full-year target in the first quarter. The company's shares have been under pressure in recent days, with investors awaiting the outcome of the earnings call. Despite the decline, the company's management remains optimistic about its prospects, citing the strong performance in the June quarter. The company's shares are expected to remain volatile in the coming days, as investors continue to assess the impact of the revised guidance on the company's future prospects.