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Standard Engineering Technology’s income rose 41.5% to Rs 252.2 crore, fueled by strategic investments
06-Aug-2026, 04:03
Standard Engineering Technology Limited announced financial results for the quarter ended June 30, 2026, reporting a total income of Rs 252.2 crore, a 41.5% year-on-year increase, with a profit after tax of Rs 26.7 crore, up 26.6% year-on-year. The company also announced a strategic entry into India's AI Datacenter Infrastructure market through a proposed acquisition of up to 51% equity in GScale Energy Private Limited and a strategic investment of Rs 71.5 crore to acquire an initial 19.19% equity stake in GL Hakko Co., Ltd., Japan, with the right to increase ownership to 51.07%. Additionally, the board approved a preferential allotment aggregating approximately Rs 136.5 crore, comprising Rs 71.5 crore through a cash issue to AGI Group Holdings Inc. (Japan) and Monoflus Pte. Ltd. (Singapore), and approximately Rs 65.0 crore through a share swap with Truplusco India LLP.
Standard Engineering Technology Limited announced financial results for the quarter ended June 30, 2026, reporting a total income of Rs 252.2 crore, a 41.5% year-on-year increase, with a profit after tax of Rs 26.7 crore, up 26.6% year-on-year. The company also announced a strategic entry into India's AI Datacenter Infrastructure market through a proposed acquisition of up to 51% equity in GScale Energy Private Limited and a strategic investment of Rs 71.5 crore to acquire an initial 19.19% equity stake in GL Hakko Co., Ltd., Japan, with the right to increase ownership to 51.07%. Additionally, the board approved a preferential allotment aggregating approximately Rs 136.5 crore, comprising Rs 71.5 crore through a cash issue to AGI Group Holdings Inc. (Japan) and Monoflus Pte. Ltd. (Singapore), and approximately Rs 65.0 crore through a share swap with Truplusco India LLP.