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Standalone total income was INR 201.9 crore (up 23.7% YoY), EBITDA was INR 31.1 crore (up 26.9% YoY) with 15.4% margin, and PAT was INR 16.4 crore (up 48.4% YoY).

Consolidated total income was INR 216.6 crore (up 11.1% YoY), EBITDA was INR 25.2 crore with 11.6% margin, and PAT was INR 5.9 crore (down 34.8% YoY).

Management stated planned capex for FY27 has been increased to nearly INR 80 crore, and it will be expansion within existing facilities (Bengaluru and two NCR plants).

Management said the production lines will be commissioned by end of Q2 FY27, and after customer trials they expect supplies to start around December 2026 or January 2027.

Management said both SEM and STML are expected to break even in FY28; FY27 is expected to be loss-making for both.

Management indicated SEM may break even at around INR 175 crore revenue and STML at around INR 70 crore revenue.

For STL fasteners (FY26), OEM 88%, retail 11%, exports 1%; end-user mix PV 31%, 2W 25%, CV 17%, farm/off-road 15%, retail 11%. For SEM (FY26), end-user mix 2W 26%, 3W 18%, LCV 30%, HCV 26%.