Standard Engineering Q2 FY27: revenue up 62.3%, PAT up 37.9%, datacenter engine scaled up
Q2 FY27 revenue up 62.3% to ₹296.6 Cr, EBITDA up 79.7% to ₹51.4 Cr, PAT up 37.9%; PAT margin down to 9.5%.
By ScoutQuest · · 1 min read
- Q2 FY27 revenue from operations
- ₹296.6 Cr, up 62.3% from ₹182.8 Cr a year earlier
- Q2 FY27 EBITDA (excluding other income)
- ₹51.4 Cr, up 79.7%
- Q2 FY27 net profit
- ₹28.2 Cr, up 37.9%
- Period
- Q2 & H1 FY27
- Positioning
- The company presents itself as two engines on one platform: a proven, profitable core SETL business making turnkey pharma, chemical and agrochemical plant, plus GScale Energy, a high-growth AI datacenter power and cooling business.
📈 Q2 FY27 consolidated revenue from operations was ₹296.6 Cr, up 62.3% from ₹182.8 Cr a year earlier, with EBITDA (excluding other income) of ₹51.4 Cr, up 79.7%, and net profit of ₹28.2 Cr, up 37.9%. The deck shows EBITDA margin improving to 17.3% from 15.7%, but PAT margin slipping to 9.5% from 10.9%, and interest cost rising 110.9% to ₹5.2 Cr.
📈 For H1 FY27 the company prints revenue of ₹544.3 Cr, up 53.0%, EBITDA of ₹91.0 Cr, up 56.5%, and net profit of ₹54.9 Cr, up 32.2%, with PAT margin at 10.0% against 11.3% in H1 FY26. Basic EPS for the half was ₹2.64 versus ₹2.06.
📉 The historical track shows FY26 revenue from operations of ₹774.1 Cr, EBITDA of ₹118.9 Cr and net profit of ₹83.0 Cr, which the presentation describes as roughly 34% CAGR in total revenue, 31% in EBITDA and 35% in PAT over FY22–FY26. It also flags that returns have normalised on a larger post-IPO equity base, with ROE at 11% in FY26 versus 55% in FY22, while debt/equity fell to 0.10 and net debt/equity to 0.00.
🎯 Management states it is targeting 40–50% growth in FY27 for the core SETL engine and ₹250 Cr of revenue in FY27 from GScale on about three months of operations, with a 2.73 lakh sq ft giga-scale factory targeted by Dec 2026 under a ₹487 Cr self-funded programme. It says the GScale stake path runs from 33.55% acquired to a target of up to 51%, and GL Hakko from 19.19% to a potential 51.07%.
Also from Standard Engineering Technology
ICRA monitoring report: IPO proceeds in line with objects, Rs. 18.071 crore unutilised at quarter end
5 Nov 2026
SETL Q2 FY27: GScale SFN revenue from 15 December 2026, Power Products production from 15 January 2027
5 Nov 2026
Q2 and H1 FY26 results approved; auditor review finds no material misstatement
5 Nov 2026
More numbers
- Revenue from operations, Q2 FY27296.6 (₹ Cr)
- EBITDA excluding other income, Q2 FY2751.4 (₹ Cr)
- Net profit, Q2 FY2728.2 (₹ Cr)
- Revenue from operations, H1 FY27544.3 (₹ Cr)
- EBITDA margin, Q2 FY2717.3%
- PAT margin, Q2 FY279.5%
- Revenue from operations, FY26774.1 (₹ Cr)
- Net profit, FY2683.0 (₹ Cr)
- Total revenue CAGR, FY22–FY2634% CAGR
- GScale Energy revenue targeted, FY27250 (₹ Cr)
- Total debt to equity, H1 FY270.22
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