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.