Audited financial results for the half year ended and year ended 31.03.2026
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Storage Technologies and Automation Limited reported a significant deterioration in FY2026. Consolidated revenue declined 15.4% to ₹849.70 Mn from ₹1,003.79 Mn in FY25, while standalone revenue fell 10.18% to ₹848.00 Mn. The company swung to a consolidated net loss of ₹32.75 Mn versus a profit of ₹35.51 Mn in FY25. EBITDA turned negative at consolidated level (loss of ₹6.32 Mn vs profit of ₹94.37 Mn). H2 FY26 was particularly weak with EBITDA loss of ₹14.43 Mn due to order cancellations from a key customer, project deferrals, and geopolitical disruptions affecting GCC exports. Operating costs including employee expenses (₹117 Mn) and operating expenses (₹113.53 Mn) did not scale down with revenue. Cash losses of ₹214.22 lakhs were incurred. Management expects over 20% revenue growth in FY27. The statutory auditor issued an unmodified (clean) opinion.
The stock shows significant deterioration with revenue falling for the first time in years and profitability turning negative. While the auditor gave a clean opinion, the company faces near-term pressure from weak order book (₹200 Mn as of March 2026) and cash burn. The optimistic FY27 guidance (+20% revenue growth) provides some hope but requires monitoring of execution given the challenging environment.