Storage Technologies And Automation Limited has announced its unaudited interim financial results for the half-year ended September 30, 2026. The company reported a standalone profit after tax of ₹160.47 lakhs. The Board of Directors also approved the closure of its subsidiary, Racks And Rollers FZ LLC, due to regulatory challenges.
Financial Performance for Half Year Ended September 30, 2026
Storage Technologies And Automation Limited has officially declared its unaudited interim standalone financial results for the half-year period concluding on September 30, 2026. The company posted a revenue from operations amounting to ₹5,757.38 lakhs. The total revenue for the period reached ₹5,781.65 lakhs.
Total expenses for the half-year were reported at ₹5,620.23 lakhs. Consequently, the company recorded a profit before tax of ₹161.42 lakhs. After accounting for tax expenses of ₹0.95 lakhs, the standalone profit for the period available to equity shareholders stood at ₹160.47 lakhs.
Consolidated Financial Highlights
On a consolidated basis, the total revenue for the same period was ₹5,781.66 lakhs. Total consolidated expenses amounted to ₹5,621.60 lakhs. The consolidated profit before tax was ₹160.06 lakhs. Following tax expenses of ₹1.00 lakh, the consolidated net profit available to equity shareholders was ₹159.06 lakhs.
Subsidiary Closure Approved
In addition to the financial reporting, the Board of Directors approved the closure of its subsidiary, Racks And Rollers FZ LLC. This decision was made due to regulatory challenges and difficulties in meeting applicable regulatory requirements for commencing operations. The management has initiated the process for the subsidiary’s closure.
Board Committee Reconstitution
The Board of Directors also approved the reconstitution of various Board Committees, effective November 11, 2026. The detailed compositions of the Audit Committee, Corporate Social Responsibility Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee have been updated.
Related Party Transactions
The Board approved the adoption of a Related Party Transaction Policy and a Policy on Materiality of Related Party Transactions. Furthermore, a related party transaction for the sale of goods with Racks And Rollers Steel Manufacturing L.L.C. was approved, conducted on an arm’s length basis in the ordinary course of business.
Source: BSE
