Sterlite Electric FY25: In Depth Financial Analysis

Sterlite Electric Limited (Previously known as Sterlite Power) is a leading capital goods manufacturer in the Power Transmission & Distribution (T&D) with a presence in India and globally. The company recently released its financial results for FY 24-25 through its annual report, with a considerable reduction in losses, but the revenue showed no major boost. Let's understand Sterlite Electrics ' financial statements and business growth.

Financial Statement Analysis

Particulars (In Rs Millions)	FY 22-23	FY 23-24	FY 24-25
Revenue From Operations	32,786	49,179	49,557
Total Income	32,913	49,548	49,974
Operating EBITDA	4,107	5,066	4,724
PAT	(327)	(2,169)	(1,563)
EPS	(2.68)	(18.62)	(13.78)

A) Revenue Growth

In FY 24, Sterlite Electric reported consolidated revenue of Rs 49,179 million, which grew marginally to Rs 49,557 million in FY 25, i.e. a 0.8% increase. While growth has slowed compared to the jump seen from FY 23 (Rs 32,786 million), the topline has stabilised at a higher scale.

B) EBITDA

Annual EBITDA stood at Rs 5,066 million in FY 24 and declined to Rs 4,724 million in FY 25, reflecting a 6.7% decrease. This suggests profitability pressures despite steady revenues.

C) Profit After Tax (PAT)

Sterlite Electric reported a loss of Rs (2,169) million in FY 24, which narrowed to Rs (1,563) million in FY 25 — an improvement of 28%. While still in the red, the company is moving toward better cost control and reduced losses.

D)Earnings Per Share (EPS)

The consolidated EPS improved from a negative Rs 18.62 per share in FY 24 to a negative Rs 13.78 per share in FY 25, marking a 26% improvement. This reflects progress in reducing net losses per shareholder.

Sterlite Cash Flow Analysis

Cash Flow	(In Rs Millions)
Cash Flow	FY 25	FY 24
Net Cash Inflow from Operating Activities	5,275	(18,769)
Net cash outflow from investing activities	(12,484)	(8,980)
Net cash outflow from financing activities	7130	28,757
Net Cash Flow	(79)	1,008

A)Reduced financing support

In FY24, Sterlite relied heavily on financing (Rs 28,757 million inflow), which boosted cash reserves. In FY25, this inflow shrank to just Rs 7,130 million, leaving less external funding.

B)Higher capex/investments

Investing outflows rose sharply in FY25. Likely reasons:

Expansion of transmission projects.
Long-term asset purchases.
Strategic investments in subsidiaries/joint ventures.

C)Early stage turnaround

While operating cash has improved, it’s still not strong enough to fully cover both investment needs and reduced financing inflows.

Sterlite Electric's Business Performance

1. Production & Capacity Expansion

As of March 31, 2025, CSK produced 1,974 km of cables and 105,907 MT of conductors. A 45% capacity expansion is underway, strengthening its position as India’s top wires & cables player and the largest maker of high-performance conductors.

2. Productivity & Innovation

In FY25, employees boosted productivity by 10% through lean manufacturing, digital tools, and Industry 4.0. They also launched India’s first AI-enabled “IntelliSense Cable” platform.

3. Strong Order Book

The company reported a solid Rs 7,276 cr. order book in FY25, projected to grow to Rs 9,760 cr. in FY26.

4. New Facilities & Expansion Plans

To meet rising demand, CSK commissioned an EHV cable line at Haridwar and is setting up a greenfield plant in Vadodara, expected to start operations in FY26.

Should You Invest In Sterlite Electric?

Sterlite Electric’s revenues are flat, EBITDA is slightly weaker, but PAT and EPS show meaningful improvement as losses reduce. This could indicate the Sterlite Electric Unlisted Shares are stabilising operations and edging toward profitability.

With the help of Stockify, you can buy unlisted shares of Sterlite Power Transmission Ltd easily after analysing its current and past performance. Our experts conduct in-depth research to come up with updated Sterlite Electric unlisted share price and other financial experts.