Standard Engineering FY26 Revenue Up 26.7% to ₹793 Crore; Board Approves Key Executive Appointments
Standard Engineering Technology Limited (SETL) reported FY26 revenue of ₹793 crore, up 26.7%, and PAT of ₹83 crore, up 21%. The board approved the appointment of Mr. Yasuyuki Ikeda as Executive Director and Mr. Kancherla Uma Maheswara Rao as an Independent Director. The company's order book is approximately above ₹1,000 crore. The first phase of the new manufacturing campus is expected to be completed by 1 April 2027.
The positive financial performance and strategic board appointments suggest a potentially positive impact on the company's future prospects.
The announcement highlights strong financial results for FY26, including significant revenue and profit growth, along with strategic appointments and expansion plans.
Standard Engineering Technology Limited (SETL) announced its Q4 and full year results for the period ended 31 March 2026. The company hosted a conference call on 15 May 2026, the transcript of which has been disclosed to the stock exchanges. The company's total income for FY26 stood at ₹793 crore, a 26.7% year-on-year growth. EBITDA was ₹138 crore, up 15.2% year-on-year, with an EBITDA margin of 17.4%. Profit before tax (PBT) was ₹111 crore, reflecting an 18.9% year-on-year increase, while profit after tax (PAT) reached ₹83 crore, a 21% year-on-year growth, with PAT margins at 10.5%. EPS improved to ₹4, and working capital days improved from 174 days to 150 days. Cash flows from operations were positive at ₹45 crore. For Q4, total income stood at ₹231 crore, a growth of 35%. EBITDA was ₹36 crore with 26% growth, a 15.5% margin. Profit before tax was ₹29 crore, reflecting 28.4% growth, and profit after tax was ₹21 crore, a 27.8% growth with PAT margins of 9.1%.
Mr. Nageswara Kandula, Managing Director, stated that FY26 was the best year in the company's history, with improvements across revenue, profitability, cash flows, and execution quality. He highlighted the company's transformation into a fully integrated precision engineering and turnkey solutions provider. The acquisitions of Scigenics and Standard C2C Engineering have strengthened SETL's capabilities. He also mentioned that the company's order book is approximately above ₹1,000 crore.
The Board has approved the re-designation of Mr. Yasuyuki Ikeda, an existing Non-Executive Director, to Executive Director, subject to shareholders' approval at the ensuing AGM. The Board has also approved the appointment of Mr. Kancherla Uma Maheswara Rao as a new Independent Director, subject to shareholders' approval. The company's new 36-acres integrated advanced manufacturing campus construction is progressing on plan and the first phase is expected to be completed by 1 April 2027, which will add a capacity of ₹2,000 crore. The company is planning to invest ₹130 crore in the next two years on this facility.
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