Business Update1 Sept 2026, 11:00 pm
Storage Technologies FY26 Revenue Down 15.35% to ₹84.97 Cr
AI Summary
Storage Technologies and Automation Ltd reported its Annual Report for FY26, revealing a 15.35% decline in consolidated revenue from operations to ₹84.97 Crore, down from ₹100.38 Crore in FY25. The slowdown was primarily in H2FY26, attributed to client order reassessments, logistics bottlenecks, and geopolitical supply chain disruptions. Consequently, the company incurred a consolidated EBITDA loss of ₹(63.24) Lakhs and an adjusted net loss of ₹(323.84) Lakhs. Despite the financial challenges, the company maintained a strong gross profit margin of 36.51% and emphasized capital discipline. The 16th Annual General Meeting is scheduled for September 26, 2026.
Key Highlights
- Consolidated revenue for FY26 decreased by 15.35% to ₹84.97 Crore.
- H2FY26 revenue significantly impacted by client order issues and logistics.
- Company reported consolidated EBITDA loss of ₹(63.24) Lakhs.
- Adjusted net loss for the year stood at ₹(323.84) Lakhs.
- Gross profit margin remained resilient at 36.51%.
Price Impact
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