Engineering Stock in Focus! SETL Share Price Jumps 3% After Q2 Profit Rises 38%, Revenue Crosses Rs 296 Crore

Standard Engineering Technology Ltd (SETL) shares gained on Wednesday, November 11, following the company's announcement of its September-quarter results for the financial year 2026-27. The engineering solutions provider reported strong year-on-year growth in revenue and operating profit for the July-September quarter, supported by its core engineering business.

SETL Share Price Today

Standard Engineering Technology shares closed at Rs 334.10 on Wednesday, November 11, marking a gain of 3.03%. The movement came after the company reported its unaudited financial results for the quarter and half year ended September 30, 2026.

SETL Q2 Results Highlights: Revenue Jumps 62%, Net Profit Rises 38%

SETL reported a strong financial performance in the September quarter of FY27, with net profit rising 37.9% year-on-year to Rs 28.2 crore. The company's revenue increased 62.3% to Rs 296.6 crore, compared with the corresponding period last year.

For the first half of FY27, SETL's net profit grew 32.2% year-on-year to Rs 54.9 crore, while revenue rose 53% to Rs 544.3 crore. The figures reflect continued growth in the company's earnings and business operations during the six-month period.

On the operating front, EBITDA increased 79.7% year-on-year to Rs 51.4 crore in the September quarter, outpacing revenue growth. The EBITDA margin stood at 17.3%, indicating an improvement in operating profitability.

For the first half of FY27, EBITDA rose 56.5% to Rs 91 crore, while the EBITDA margin stood at 16.7%. Investors will watch whether the company can sustain its revenue and profit growth in the coming quarters.

Alongside its financial performance, SETL highlighted opportunities in contract development and manufacturing organisation services. The company said it had received significant orders from CDMO customers and reported strong visibility for potential future orders.

CDMO businesses support other companies by providing services related to product development and manufacturing. For an engineering solutions provider such as SETL, demand from these customers can create opportunities to supply specialised equipment and integrated engineering systems.

GL Hakko Partnership Strengthens Engineering Capabilities

SETL also confirmed the completion of the first phase of its partnership with GL Hakko, through which it acquired a 19.19% stake. The partnership is intended to strengthen the company's glass-lining technology and advanced engineering capabilities.

Glass-lined equipment is used in industries such as pharmaceuticals and chemicals, where equipment must withstand demanding processing conditions. Strengthening capabilities in this area could support SETL's integrated engineering offerings and help it address specialised industrial requirements.

The partnership, combined with CDMO orders and export opportunities, forms part of the company's broader strategy to expand its engineering capabilities and customer base.

"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," said MD Nageswara Rao Kandula.

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