Divya Agarwal
Hyderabad (Telangana) [India], February 05: Standard Engineering Technology Limited, formerly Standard Glass Lining Technology Limited, today announced its Q3 and Nine-Month FY26 results, marking a defining phase in the Company’s strategic evolution, financial growth, and long-term value creation journey.
Financial Highlights:
Key Highlights for 9M FY26 Financial Results
- Total Income stood at Rs. 562 crore, registering a 23.6% YoY growth
- EBITDA came in at Rs. 102 crore, up 11.9% YoY, with an EBITDA margin of 18.2%
- Profit Before Tax (PBT) is Rs. 83 crore, reflecting a 15.9% YoY increase
- Profit After Tax (PAT) is at Rs. 62 crore, up 18.8% YoY, with a PAT margin of 11.0%
Key Highlights for Q3 FY26 Financial Results
- Total Income stood at Rs.196 crore, registering a 37.1% YoY growth
- EBITDA came in at Rs. 34 crore, upby17.0% YoY, with an EBITDA margin of 17.1%
- Profit Before Tax (PBT) is Rs. 27 crore, up by22.7% YoY
- Profit After Tax (PAT) is at Rs. 20 crore,up by28.3% YoY, with a PAT margin of 10.4%
Mr. Nageswara Rao Kandula, Managing Director, said: “Q3 and 9M FY26 mark a defining phase for our Company. We have successfully transformed into an integrated engineering platform while continuing to scale our core glass-lining business at a strong pace.
With leadership in glass-lined technologies, breakthrough innovations such as conductivity glass-lined reactors, strong traction in shell-and-tube heat exchangers, and expanding turnkey engineering capabilities, Standard Engineering Technology Limited is well positioned for sustainable, long-term value creation.
Our focus remains on execution excellence, technological leadership, and consistent value creation for our shareholders.”
Q3 FY26 represents a milestone quarter for the Company. During the quarter, we formally completed the change of our corporate name to Standard Engineering Technology Limited.
This change is strategic, deliberate, and forward-looking.
Let me clearly state for our investors:
- Glass lining remains central to our business and growth
- It continues to be one of our strongest and fastest-growing verticals
- The name change reflects an expansion of capability and ambition, not a dilution of focus
Over the last few years, the Company has evolved from a product-centric organization into a high-precision, integrated engineering platform—capable of delivering complex, multi-disciplinary projects with single-point responsibility from concept to commissioning.
Our new name simply aligns our identity with this reality.
During Q3, we completed critical strategic initiatives that place the Company on a structurally stronger footing for the next decade:
- Acquisition of Scigenics (India) Private Limited, strengthening our position in bioprocess and fermentation systems
- Acquisition of a majority stake in C2C Engineering Private Limited, now Standard C2C Engineering Private Limited, bringing process, mechanical, civil, HVAC, electrical, instrumentation, and automation engineering fully in-house
With these integrations, SETL today operates as a true concept-to-commissioning engineering solutions provider, significantly expanding:
- Our addressable market
- Project scale capability
- Long-term revenue visibility
Glass lining continues to deliver strong growth and innovation leadership.
- Our shell-and-tube glass-lined heat exchangers, developed with Japanese technology partner GL Hakko, have seen exceptional market acceptance
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- Over 200 units currently in order book
- 100 units already delivered successfully
- These products are increasingly replacing graphite and alloy alternatives due to superior safety, lifecycle performance, and reliability
One of the most important value-creation drivers ahead is conductivity glass-lined reactors.
- Multiple reactors have already been manufactured, supplied, and executed successfully
- Customer validation has been extremely positive, particularly from regulated pharmaceutical applications
Based on this success:
- April 2027 onwards, we will officially launch conductivity glass-lined reactors in India and global markets
- Our international partner IPP has expressed strong interest in selling a majority of these reactors globally
We believe this technology has the potential to set new global benchmarks in plant safety, creating a long-term, high-margin growth engine for the Company.
The Union Budget 2026, with nearly a 10% increase in allocation to the Department of Health and Family Welfare, reinforces long-term investment momentum across:
- Pharmaceuticals
- Biotechnology
- Advanced manufacturing
For SETL, with integrated engineering and turnkey execution capabilities, this creates sustained demand visibility across greenfield and brownfield projects.
If you object to the content of this press release, please notify us at [email protected]. We will respond and rectify the situation within 24 hours.
