Key Decisions and Approvals
The Board of Directors at their meeting held on August 12, 2026, which commenced at 4:00 pm and concluded at 5:20 pm, approved the following items:
1. The unaudited financial results of the Company for the quarter and half-yearly period ended June 30, 2026.
2. The appointment of Mr. Marcos Marti Erfurt (DIN: 11816181) as an Additional Director of the Company in the category of Non-Executive Non-Independent Director, subject to approval of shareholders.
Financial Results Summary (₹ in million, Unaudited)
Quarterly Performance (Q2 FY26 ended June 30, 2026)
- Revenue from operations: ₹527.65
- Other Income: ₹6.60
- Total Income: ₹534.25
- Total Expenses: ₹501.61
- Profit Before Tax (PBT): ₹32.64
- Tax Expense: ₹8.12 (Current tax: ₹11.83, Deferred tax credit: ₹(3.71))
- Profit for the period: ₹24.52
- Other Comprehensive Income (net of tax): ₹(0.71)
- Total Comprehensive Income: ₹23.81
- Basic & Diluted Earnings Per Share (EPS): ₹11.75
Half-Yearly Performance (H1 FY26 ended June 30, 2026)
- Revenue from operations: ₹994.55
- Other Income: ₹13.77
- Total Income: ₹1,008.32
- Total Expenses: ₹955.10
- Profit Before Tax (PBT): ₹53.22
- Tax Expense: ₹12.07 (Current tax: ₹20.17, Deferred tax credit: ₹(8.10))
- Profit for the period: ₹41.15
- Other Comprehensive Income (net of tax): ₹1.54
- Total Comprehensive Income: ₹42.69
- Basic & Diluted Earnings Per Share (EPS): ₹19.71
Comparative Figures (Q2 FY25 ended June 30, 2025)
- Revenue from operations: ₹567.54
- Profit for the period: ₹29.58
- EPS: ₹14.17
Annual Comparison (Audited FY25 ended December 31, 2025)
- Revenue from operations: ₹1,961.11
- Profit for the period: ₹68.98
- EPS: ₹33.04
Segment-Wise Performance (Profit before Finance Costs and Tax)
Quarter Ended June 30, 2026
- Textile Machinery and Consumables: ₹56.72
- Graphics Consumables: ₹10.14
- Total Segment Results: ₹66.86
- Unallocable Expenditure Net of Unallocable Other Income: ₹34.22
- Profit Before Tax: ₹32.64
Half-Year Ended June 30, 2026
- Textile Machinery and Consumables: ₹102.74
- Graphics Consumables: ₹21.95
- Total Segment Results: ₹124.69
- Unallocable Expenditure Net of Unallocable Other Income: ₹71.47
- Profit Before Tax: ₹53.22
Statement of Assets and Liabilities (As at June 30, 2026, Unaudited)
- Total Assets: ₹1,796.58 million
- Equity Share Capital: ₹20.88 million
- Other Equity: ₹1,314.54 million
- Total Equity: ₹1,335.42 million
- Total Liabilities: ₹461.16 million
Cash Flow Statement (Six months ended June 30, 2026, Unaudited)
- Net cash from operating activities: ₹92.35 million
- Net cash used in investing activities: ₹(52.25) million
- Net cash used in financing activities: ₹(25.06) million
- Net increase in cash and equivalents: ₹5.05 million
- Cash and equivalents at period end: ₹294.06 million
Director Appointment Details
- Name: Mr. Marcos Marti Erfurt (DIN: 11816181)
- Date of Appointment: August 12, 2026
- Category: Non-Executive Non-Independent Director
- Term: Subject to shareholder approval to be sought within 3 months; office liable to retire by rotation as per Companies Act, 2013.
- Profile: Chief Executive Officer and Member of the Executive Board of SPGPrints B.V. (parent holding company). Holds a degree in Business Administration and Economics from Schiller International University and an MBA from IESE. Former strategy consultant at The Boston Consulting Group and Roland Berger Strategy Consulting.
- Relationship Disclosure: No inter-se relationship with any other director of the Company.
- Eligibility: Not debarred from holding office of director by virtue of any SEBI order or other authority.
Regulatory and Compliance Information
- The financial results have been reviewed by the statutory auditors, Price Waterhouse Chartered Accountants LLP (Firm Registration Number: 012754N/N500016), who issued a limited review report confirming preparation in accordance with Ind AS 34 and SEBI Listing Regulations.
- The results were approved by the Audit Committee and thereafter by the Board of Directors.
- The trading window for specified persons, which was closed for the results approval, will reopen on August 15, 2026.
- The disclosure is made pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The unaudited financial results are available on the company's website (www.stovec.com) and the BSE website (www.bseindia.com).