This Engineering Stock Just Delivered 37% Revenue Growth In Q3; PAT Soars 28% As Order Book Strengthens

Standard Engineering Technology Limited, formerly Standard Glass Lining Technology Limited has announced its Q3 and nine-month FY26 results.

The company's accelerated growth trajectory was further underlined in the third quarter of FY26. Due to robust demand and better execution, total income for the third quarter of FY26 was Rs 196 crore, representing a dramatic 37.1% YoY growth.

With a 17.1% EBITDA margin and a 17.0% YoY growth to Rs 34 crore, the quarter's EBITDA showed steady operating efficiency despite higher scale. Profit after tax climbed 28.3% YoY to Rs 20 crore, while profit before tax improved 22.7% YoY to Rs 27 crore. The quarter's PAT margin, which was 10.4%, demonstrated enhanced profitability and efficient margin control.

In the first nine months of FY26, the company performed well, showing robust growth in both revenue and profitability metrics. Due to consistent business momentum, total income for the quarter was Rs 562 crore, representing a strong 23.6% YoY rise. EBITDA increased 11.9% YoY to Rs 102 crore, indicating that operating performance remained strong.

This resulted in an EBITDA margin of 18.2%, demonstrating careful cost control in spite of challenges brought on by expansion. With Profit Before Tax (PBT) rising 15.9% YoY to Rs 83 crore and Profit After Tax (PAT) rising 18.8% YoY to Rs 62 crore, profitability also significantly improved. The nine-month PAT margin of 11.0% highlighted the consistency of the profitability.

Mr. Nageswara Rao Kandula, Managing Director, said: "Q3 and 9M FY26 mark a defining phase for our Company. We have successfully transformed into an integrated engineering platform while continuing to scale our core glass-lining business at a strong pace. With leadership in glass-lined technologies, breakthrough innovations such as conductivity glass-lined reactors, strong traction in shell-and-tube heat exchangers, and expanding turnkey engineering capabilities, Standard Engineering Technology Limited is well positioned for sustainable, long-term value creation. Our focus remains on execution excellence, technological leadership, and consistent value creation for our shareholders."

For Standard Engineering Technology Limited (SETL), which has integrated engineering and turnkey execution capabilities, the Union Budget 2026, which includes a nearly 10% increase in funding for the Department of Health and Family Welfare, reinforces long-term investment momentum across pharmaceuticals, biotechnology, and advanced manufacturing. This results in sustained demand visibility across both brownfield and greenfield projects.