Financial Performance - Q2 FY27

  • Total Revenue: ₹296.6 crore, representing 62.3% year-on-year growth
  • EBITDA: ₹51.4 crore, representing 79.7% year-on-year growth
  • EBITDA Margin: 17.3%
  • PAT: ₹28.2 crore, representing 37.9% year-on-year growth

Financial Performance - H1 FY27 (Cumulative)

  • Total Revenue: ₹544.3 crore, representing 53.0% year-on-year growth
  • EBITDA: ₹91.0 crore, representing 56.5% year-on-year growth
  • EBITDA Margin: 16.7%
  • PAT: ₹54.9 crore, representing 32.2% year-on-year growth

Business Highlights

Integrated Engineering Solutions: Core business showing strong growth with end-to-end solutions for pharmaceutical, chemical, biotechnology, food, beverages and AI data centre industries.

CDMO Opportunity: Received significant orders from CDMO customers with strong visibility for future orders.

Exports: Export enquiries increased significantly with high-potential opportunities in the United States and Europe under active discussion.

GL Hakko Partnership: Completed first phase with 19.19% stake acquisition to strengthen glass-lining technology and advanced engineering capabilities.

GScale – AI Data Centers Division

Secondary Fluid Network (SFN): Machinery orders completed; equipment arrival has started; revenue generation to begin from December 15, 2026.

Power Products: Machinery orders completed; deliveries to commence from November 15, 2026; production to start from January 15, 2027.

Revenue Target: GScale division is expected to generate revenue of ₹250 crore plus in Q4 FY27, as per earlier company communication.

Management Commentary

Nageswara Rao Kandula, Managing Director, commented: "We are very pleased with our Q2 and H1 FY27 performance, which reflects the strength of our integrated engineering solutions business, strong CDMO and export opportunities, and the progress in GScale. SETL is a leading integrated engineering solutions provider for the pharmaceutical, chemical, biotechnology, food, beverages and AI data centre industry, and we are confident of sustaining this growth momentum in the coming quarters."