STL Networks544395Quarterly results

Interim Company Secretary & Compliance Officer appointed; Q2 and half year results approved

STL Networks Ltd's Board met on October 29, 2026 and appointed Ms. Anshika Gupta as Interim Company Secretary and Compliance Officer, designated as Key Managerial Personnel.

By ScoutQuest · Thu 29 Oct 2026, 10:21 PM IST · 3 min read

₹400.71 CrRevenue from operations, half year ended September 30

Revenue from operations, quarter ended September 30₹253.44 Cr

Revenue from operations, quarter ended June 30₹147.27 Cr

Revenue from operations, half year ended September 30 ₹400.71 Cr: Revenue from operations, quarter ended September 30 ₹253.44 Cr, Revenue from operations, quarter ended June 30 ₹147.27 Cr.

Q2 Revenue from Operations: ₹ 253.44 crore
Q2 EBITDA: ₹ 37.69 crore
Q2 Profit After Tax: ₹ 5.10 crore

Appointment at the top of the agenda

The Board of STL Networks Ltd met on October 29, 2026 and appointed Ms. Anshika Gupta as Interim Company Secretary and Compliance Officer of the Company. She is also designated as Key Managerial Personnel. The word Interim is the update's own description of the role.

Financial results approved

The Board approved the unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026. On a standalone basis, the key lines read as follows:

Revenue from operations was ₹ 253.44 crore for the quarter, compared with ₹ 147.27 crore in the quarter ended June 30, 2026.
EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹ 37.69 crore for the quarter.
Profit after tax for the quarter was ₹ 5.10 crore.
For the half year ended September 30, 2026, revenue from operations was ₹ 400.71 crore and the result after tax was a loss of ₹ 7.22 crore.
Net worth as at September 30, 2026 was ₹ 139.72 crore.

On the balance sheet, total assets stood at ₹ 2,886.89 crore and total equity at ₹ 1,160.02 crore, with borrowings split between ₹ 131.40 crore of non-current and ₹ 597.92 crore of current financial liabilities. Contract assets of ₹ 982.36 crore and trade receivables of ₹ 1,006.94 crore form the bulk of current assets.

The auditor's review

Price Waterhouse Chartered Accountants LLP issued a review report on the standalone and consolidated results with an unmodified conclusion, meaning nothing came to the auditor's attention suggesting the statements were not prepared in accordance with the applicable standards. A review is narrower in scope than a full audit.

Other items taken on record

A statement on utilisation of proceeds from the preferential issue of warrants, confirming no deviation or variation for the quarter ended September 30, 2026.
A similar statement for Non-Convertible Debenture proceeds, confirming Nil deviation for the quarter.
The security cover details for the quarter, along with the statutory auditor's certificate.
No default on loans and debt securities, so that disclosure was marked not applicable.

Share capital movement

During the half year ended September 30, 2026, the Company allotted 2,40,275 equity shares upon exercise of Employee Stock Options. Post the allotment, paid-up equity share capital stands at ₹ 97.65 crore divided into 48,271,779 equity shares of ₹ 2 each.

Also disclosed

45,000,000 convertible share warrants were issued to the promoter shareholder, Twinstar Overseas Limited, at ₹ 24 each; each warrant converts into one equity share of ₹ 2 each, and ₹ 27 crore has been received towards allotment.

How to read this

The update is a routine quarterly board outcome. The management change is an interim appointment to a compliance role, not a change in the chief executive or financial leadership. The numbers show a swing back to a small quarterly profit after a loss in the preceding quarter, while the half year as a whole still ends in a loss after tax. The warrant and ESOP details affect the share count, so existing holders may note the potential increase in equity shares on conversion.

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