STL Networks544395Quarterly results
Q2 FY27 results approved; Interim Company Secretary and Compliance Officer named
Board approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026; the limited review conclusion is unmodified.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 270.11 | 230.79 | +17% | 176.15 | +53.3% |
| Total income | 274.21 | 231.94 | +18.2% | 177.34 | +54.6% |
| Profit before tax | (16.75) | (24.63) | +32% | (27.25) | +38.5% |
| Profit after tax | (16.12) | (19.29) | +16.4% | (21.88) | +26.3% |
| Total comprehensive income | (17.71) | (18.93) | +6.4% | (17.59) | −0.7% |
| Basic EPS | (0.33) | (0.39) | +15.4% | (0.45) | +26.7% |
- Total income YoY growth
- +18.2% (year ago 231.94, prev qtr 177.34)
- Profit after tax (latest quarter, Rs crore)
- (16.12) vs year ago (19.29), +16.4%
- Period
- September 30, 2026 (Unaudited)
Also decided at the meeting
- Appointed Ms. Anshika Gupta as Interim Company Secretary and Compliance Officer, designated as Key Managerial Personnel.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Contract assets of ₹155.74 crores and trade receivables of ₹151.41 crores from closed/suspended projects are disputed by the customer and under arbitration; Company considers them fully recoverable.
- Contract assets and trade receivables include ₹710.24 crores pertaining to slow moving projects; management considers them good and fully recoverable.
- Company issued 45,000,000 convertible share warrants to promoter Twinstar Overseas Limited at ₹24 each; ₹27 crores received towards allotment.
- Subsequent to quarter end, wholly owned subsidiary STL Networks DC Limited was incorporated on October 10, 2026 for data centre and telecom infrastructure.
What the board approved
- Unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, with the auditors' limited review report carrying an unmodified conclusion.
- Appointment of Ms. Anshika Gupta as Interim Company Secretary and Compliance Officer, designated a Key Managerial Person of the company.
- Statement of utilisation of proceeds of the preferential issue of warrants, confirming there is no deviation or variation in the use of these proceeds for the quarter ended September 30, 2026.
- Statement of utilisation of proceeds of Non-Convertible Debentures, confirming NIL deviation for the quarter.
- The security cover details for the quarter, along with the statutory auditors' certificate, taken on record.
The quarter and half year, standalone
- Revenue from operations was 253.44 crore for the quarter, against 400.71 crore for the half year.
- Profit after tax was 5.10 crore for the quarter. In the same quarter a year earlier the company reported a loss after tax of (12.24) crore.
- For the half year, the result was a loss after tax of (7.22) crore, so the profit is a quarter-level swing rather than a half-year profit.
Balance sheet checkpoints
- Net worth stood at 139.72 crore as at September 30, 2026.
- The debt equity ratio was 0.63, meaning borrowings are a little over six-tenths of total equity on this measure.
- Interest costs remain a heavy line relative to operating profit, which is why the reported profit is modest even though operating profit improved year on year.
Capital actions during the half year
- The company issued 45,000,000 convertible share warrants to the promoter shareholder, Twinstar Overseas Limited, with each warrant convertible into one equity share; part of the consideration has been received and the balance is payable on exercise.
- Equity shares were also allotted on exercise of employee stock options, which raised the paid-up equity share capital slightly.
- After the quarter ended, a wholly owned subsidiary, STL Networks DC Limited, was incorporated on October 10, 2026, to set up and run data centre and telecom infrastructure and connectivity services.
How to read this
The headline is a return to profit at the standalone level for the quarter after a loss in the year-earlier quarter, along with an unchanged, unmodified review conclusion. The half-year figure is still a loss, and finance costs take up a large share of operating profit, so the quality of the earnings improvement is worth tracking over coming quarters. The compliance items — no deviation in issue proceeds and NIL deviation on debenture proceeds — indicate the money raised is being used as stated.
₹400.71 CrRevenue from operations, standalone, half year (Rs crore
Revenue from operations, standalone, (Rs crore₹253.44 Cr
Net worth, standalone (Rs crore₹139.72 Cr
Profit after tax, standalone, (Rs crore₹5.10 Cr
Also from STL Networks
Monitoring agency reports nil deviation in use of Rs.108.00 crore preferential warrants proceeds
29 Oct 2026
Interim Company Secretary & Compliance Officer appointed; Q2 and half year results approved
29 Oct 2026
Interim Company Secretary Appointed; Board Took Q2 and H1 Results on Record
29 Oct 2026
More numbers
- Revenue from operations, standalone, Q2 FY27 (Rs crore)253.44
- Profit after tax, standalone, Q2 FY27 (Rs crore)5.10
- Loss after tax, standalone, Q2 FY26 comparative (Rs crore)(12.24)
- Revenue from operations, standalone, half year FY27 (Rs crore)400.71
- Loss after tax, standalone, half year FY27 (Rs crore)(7.22)
- Net worth, standalone (Rs crore)139.72
- Convertible share warrants issued to promoter shareholder45,000,000
- Debt equity ratio0.63
- Total income, latest quarter274.21 (₹ in crores)
- Total income, year-ago quarter231.94 (₹ in crores)
- Total income, previous quarter177.34 (₹ in crores)
- Total comprehensive income, latest quarter(17.71) (₹ in crores)
- Total comprehensive income, year-ago quarter(18.93) (₹ in crores)
- Total comprehensive income, previous quarter(17.59) (₹ in crores)
- Profit after tax, latest quarter(16.12) (₹ in crores)
- Profit after tax, year-ago quarter(19.29) (₹ in crores)
- Profit after tax, previous quarter(21.88) (₹ in crores)
- Revenue from operations, latest quarter270.11 (₹ in crores)
- Revenue from operations, year-ago quarter230.79 (₹ in crores)
- Revenue from operations, previous quarter176.15 (₹ in crores)
- Profit before tax, latest quarter(16.75) (₹ in crores)
- Profit before tax, year-ago quarter(24.63) (₹ in crores)
- Profit before tax, previous quarter(27.25) (₹ in crores)
Source: BSE · 29 Oct 2026
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