SETL FY26 Revenue ₹793 Cr (Up 26.7%), PAT ₹83 Cr (Up 20.6%). Appoints New Director.
Standard Engineering Technology Limited reported record FY26 performance with Total Income at ₹793 crore (up 26.7% YoY) and PAT at ₹83 crore (up 20.61% YoY). Q4FY26 Total Income was ₹231 crore (up 34.97% YoY) and PAT was ₹21 crore (up 26.33% YoY). Key appointments include Mr. Yasuyuki Ikeda as Executive Director and Mr. Kancherla Uma Maheswara Rao as Independent Director. A distribution agreement was signed with API Pharma Pharmaceutical Trading L.L.C. on March 05, 2026.
The announcement details strong financial results, strategic board appointments aimed at enhancing global operations and governance, and the formation of a new subsidiary, all of which are likely to have a significant impact on the company's future growth and market position.
The company reported record financial performance with significant year-on-year growth in total income and profit after tax for both the quarter and the full year. Strategic appointments and new business agreements further indicate positive future outlook.
Standard Engineering Technology Limited (SETL), formerly Standard Glass Lining Technology Limited, announced its highest-ever financial performance for the fourth quarter and full year ended March 31, 2026. The company reported a Total Income of ₹793 crore for FY26, a year-on-year growth of 26.7%, with Profit After Tax (PAT) reaching ₹83 crore, an increase of 20.61% YoY.
In Q4FY26, Total Income stood at ₹231 crore, a 34.97% YoY growth. EBITDA for the quarter was ₹36 crore (up 26.0% YoY), and PAT was ₹21 crore (up 26.33% YoY). For the full year FY26, EBITDA was ₹138 crore (up 15.22% YoY), and PAT was ₹83 crore (up 20.61% YoY).
The company also highlighted strategic developments, including the re-designation of Mr. Yasuyuki Ikeda as Executive Director to strengthen global leadership and business development. Mr. Kancherla Uma Maheswara Rao was appointed as an Independent Director, enhancing corporate governance and technical oversight. SETL has also incorporated Standard Projects Private Limited as a 75% subsidiary to bolster capabilities in civil construction and infrastructure projects.
Furthering its global expansion, SETL entered into a Target-Based Conditional Distribution Agreement with API Pharma Pharmaceutical Trading L.L.C., UAE, on March 05, 2026, for the Middle East region, covering exports across various process industries.
Mr. Nageswara Rao Kandula, Managing Director, stated that FY26 has been a defining year, with the company evolving into an integrated engineering technology platform and strengthening its institutional foundation. He emphasized the importance of the new leadership appointments in driving international market access, technology partnerships, and corporate governance.
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