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Optical fibre demand rising with global data centre & AI expansion.
~20% revenue from data centers → potential to reach ~30% in 12 months. Steady telecom demand adds visibility.
EBITDA margins may improve to ~19–20% (US tariff easing).
Weak base → potential strong PAT growth
Rising global optical fiber prices Export demand is also improving peers like HFCL are expanding capacity.
Main Risk: Rising germanium prices are impacting costs along with helium prices.
Positive on Strong play on global AI & data center cycle