Please find the attached outcome of Board Meeting
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Awaiting price reaction for this filing.
Steelman Telecom Ltd's Board, at its meeting on 14 November 2025, approved the unaudited financial results for the half year ended 30 September 2025. On a standalone basis, revenue from operations rose to Rs. 9,679.56 lakhs from Rs. 7,688.81 lakhs in H1 FY25 (about 26% growth), while profit after tax jumped to Rs. 494.56 lakhs (vs Rs. 345.91 lakhs), giving basic EPS of Rs. 5.11 (vs Rs. 3.57). However, consolidated results swung to a loss of Rs. 897.35 lakhs after tax (vs Rs. 954.88 lakhs loss), dragged by its subsidiary EC Wheels India (Indian EV subsidiary) reporting a loss after tax of Rs. 1,380.48 lakhs and the Ethiopia-based Steelman Installation Services PLC also in losses. The company also noted the related party transaction disclosure under SEBI LODR Regulation 23(9) for the period. The company is listed on the BSE SME platform (Scrip Code 543622) with three business segments: Telecom (main revenue driver), EPC, and Car Rental.
Positive for the standalone business with strong revenue and PAT growth of ~43% YoY, but the consolidated picture remains a concern as subsidiary-level losses (especially the EV/cab hiring arm EC Wheels) continue to weigh on group-level profitability, resulting in negative consolidated EPS of Rs. (2.91). Investors should watch the turnaround of subsidiaries, as they are eroding the otherwise healthy parent-company performance.