{"url":"https://newsforagent.com/news/2026-11-11/standard-engineering-technology-q2-fy27-revenue-growth","markdown_url":"https://newsforagent.com/news/2026-11-11/standard-engineering-technology-q2-fy27-revenue-growth.md","title":"Standard Engineering Technology Posts 62.3% Revenue Growth in Q2","headline":"Standard Engineering Technology Reports 62.3% Revenue Growth and ₹28.2 Crore Profit in Q2 FY27","description":"Standard Engineering Technology reported Q2 FY27 revenue of ₹296.6 crore, up 62.3%, with profit after tax of ₹28.2 crore and EBITDA of ₹51.4 crore.","section":"Earnings & Results","published_at":"2026-11-11T06:50:38+00:00","modified_at":"2026-11-11T06:50:38+00:00","author":"News Desk","key_takeaways":["Standard Engineering Technology reported Q2 FY27 revenue of ₹296.6 crore, up 62.3% year-on-year.","Profit after tax rose 37.9% to ₹28.2 crore, while EBITDA grew 79.7% to ₹51.4 crore.","The company completed the first phase of its GL Hakko partnership, acquiring a 19.19% stake.","Revenue from the Secondary Fluid Network segment is scheduled to begin on December 15, 2026."],"companies":[{"name":"Standard Engineering Technology","is_primary":true,"profile_url":"https://akta.pro/company-profiles/02lw7pj/standard-engineering-technology","website":"https://www.standardengtech.com"}],"source":{"publisher":"Ani News","title":"Standard Engineering Technology Reports 62.3% Revenue Growth in Q2 FY27","url":"https://www.aninews.in/news/business/standard-engineering-technology-reports-623-revenue-growth-in-q2-fy2720261111115253/"},"other_sources":[],"tags":["Earnings & Results","Standard Engineering Technology"],"body_markdown":"[Standard Engineering Technology](https://akta.pro/company-profiles/02lw7pj/standard-engineering-technology) Limited reported Q2 FY27 revenue of ₹296.6 crore, up 62.3% year-on-year, with profit after tax of ₹28.2 crore, according to [Ani News](https://www.aninews.in/news/business/standard-engineering-technology-reports-623-revenue-growth-in-q2-fy2720261111115253/). The Hyderabad-based company, which designs and manufactures glass-lined process equipment and turnkey engineering solutions for pharmaceutical, chemical and biotechnology manufacturers, said EBITDA rose 79.7% to ₹51.4 crore at a 17.3% margin.\n\n## Standard Engineering Technology's Q2 and H1 Results\n\nFor the six months ended September 30, 2026, total revenue increased 53% year-on-year to ₹544.3 crore, while EBITDA grew 56.5% to ₹91 crore, an EBITDA margin of 16.7%. Net profit for the half-year rose 32.2% to ₹54.9 crore.\n\nNageswara Rao Kandula, Managing Director, said: \"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.\"\n\nThe company reported significant orders from contract development and manufacturing organisation customers and a rise in export enquiries, particularly from the United States and Europe, with several opportunities under active discussion. SETL also completed the first phase of its partnership with GL Hakko, acquiring a 19.19% stake, and reported progress in its GScale initiative focused on AI data centre infrastructure.\n\n## GL Hakko Stake and GScale Progress\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Standard Engineering Technology invested ₹70 crore for the 19.19% GL Hakko stake, with an option to lift its holding to 51.07% within three years for an additional ₹116.7 crore. The records describe the GL Hakko investment as giving entry into Japanese glass-lined technology, semiconductor-grade process equipment and cleanroom technologies targeting a ₹2,000 crore domestic market. The records also note a proposed acquisition of up to 51% in GScale, marking entry into AI data centre engineering.\n\n## Earlier Filings and Approvals\n\nShareholders approved a preferential share issue to acquire a controlling stake in GScale Energy Private Limited and a share swap with Truplusco India LLP at an EGM on August 10, 2026, [ScanX](https://akta.pro/news-signals) reported. On September 18, 2026, the company reappointed M S K A & Associates as statutory auditors for five years at its 14th AGM, with all five resolutions passed with strong promoter support, ScanX reported. On August 24, 2026, Standard Engineering Technology submitted its FY26 Business Responsibility and Sustainability Report to the BSE and NSE, reporting turnover of ₹7,022.2 crore and net worth of ₹8,177.7 crore, ScanX reported.\n\n## Delivery and Production Dates Ahead\n\nUnder the Secondary Fluid Network segment, machinery orders have been completed and equipment deliveries have commenced, with revenue generation scheduled to begin on December 15, 2026. For the power products segment, machinery orders have been completed, deliveries are scheduled to commence from November 15, 2026, and commercial production is expected to begin on January 15, 2027.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}