Standard Engg posts 38% rise in Q2 net

Hyderabad: Standard Engineering Technology Limited (SETL), a leading integrated engineering solutions provider, posted a net profit of Rs 28.2 crore in the second quarter of current financial year, which was an increase of 37.9 per cent over the same period of last fiscal year.

Its consolidated revenue rose 62.3 per cent year-on-year basis to Rs296.6 crore during the July-September period.

For the first half of the fiscal year, the company’s net profit rose to Rs54.9 crore, an increase of 32.2 per cent over the same period of last fiscal year. Its total revenue stood at Rs544.3 crore, an increase of 53 per cent year-on-year basis.

“We are very pleased with our Q2 and H1 FY27 performance, which reflects the strength of our integrated engineering solutions business, strong CDMO and export opportunities, and the progress in GScale. SETL is a leading integrated engineering solutions provider for the pharmaceutical, chemical, biotechnology, food, beverages and AI data centre industry, and we are confident of sustaining this growth momentum in the coming quarters.” Nageswara Rao Kandula, Managing Director of Standard Engineering Technology Ltd said in an exchange filing.

The company said its core business is growing strongly with orders coming from pharmaceutical, chemical, biotechnology, food, beverages and AI data centre industry.

The company also said that it received significant orders from CDMO customers, with strong visibility for future orders in the coming quarters.

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The Hans India