3 weeks ago
SETL Q1 net profit rises 26.6% to Rs 26.7 crore
SETL is a company that makes very precise engineering parts.
In the first three months of the new financial year, it made a profit of Rs 26.7 crore.
That is about 26.6 percent more money than it earned at the same time last year.
Its total income also jumped 41.5 percent to Rs 252.2 crore.
The company did well even while spending a lot of money on new projects.
SETL now wants to enter the data centre business, where big buildings hold thousands of computers.
To do this, it plans to buy up to 51 percent of a company called GScale Energy.
It also invested Rs 71.5 crore in a Japanese company called GL Hakko.
The board also approved raising Rs 136.5 crore to help pay for these plans.
Thanks to these moves, SETL is growing its business both at home and in other countries.
SETL reported a 26.6% rise in Q1 net profit to Rs 26.7 crore in FY27.
Total income grew 41.5% year-on-year to Rs 252.2 crore, with a PAT margin of 10.6%.
SETL announced a planned acquisition of up to a 51% stake in GScale Energy to enter the data centre business.
The acquisition is backed by an around Rs 500 crore self-funded capital programme for an integrated data centre engineering and manufacturing platform.
The board approved a Rs 136.5 crore preferential allotment, including a share swap with Truplusco India LLP as part consideration for the GScale transaction.
- Who
- Standard Engineering Technology Limited (SETL), a high-precision engineering company led by Managing Director Nageswara Rao Kandula
- What
- Reported a 26.6% rise in Q1 net profit to Rs 26.7 crore and announced investments in the data centre business and Japan's GL Hakko
- Where
- Hyderabad, India, based on the news report dateline; the company's partnership involves Japan
- When
- First quarter (Q1) of the ongoing financial year FY27, with the GL Hakko investment made last month
- Why
- The company achieved sound growth despite aggressive investment into new growth platforms such as data centres and its Japanese partnership
Key facts
- Company
- Standard Engineering Technology Limited (SETL)
- Q1 net profit
- Rs 26.7 crore (up 26.6%)
- Total income
- Rs 252.2 crore (up 41.5%)
- PAT margin
- 10.6%
- Planned acquisition
- Up to 51% stake in GScale Energy (data centre business)
- Capital programme
- Around Rs 500 crore self-funded
- GL Hakko investment
- Rs 71.5 crore for initial 19.19% stake, scalable to 51% over three years
- Approved fund raise
- Rs 136.5 crore preferential allotment
Quotes
Nageswara Rao Kandula
Managing Director of SETL
“The performance of first quarter (Q1FY27) is evidence of consistent, repeatable performance rather than a one-off achievement as SETL is becoming "India's high precision engineering power house."”
thehansindia.com










