STL Networks Limited — Quarter ended March 31, 2026 and year ended March 31, 2026 (Standalone and Consolidated)
| Particulars | Quarter ended March 31, 2026 (Unaudited) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| Revenue from operations | 180.60 | 304.76 | 158.13 | 851.17 | 1,059.90 |
| Other income | 7.96 | 10.03 | 15.44 | 53.15 | 37.72 |
| Total income (I) | 188.56 | 314.79 | 173.57 | 904.32 | 1,097.62 |
| Cost of components and bought-outs consumed | 51.24 | 158.17 | 24.23 | 334.68 | 379.07 |
| Other direct costs | 78.75 | 90.63 | 84.95 | 332.83 | 439.15 |
| Employee benefits expense | 19.28 | 26.01 | 26.27 | 87.71 | 101.39 |
| Net impairment losses on financial and contract assets | 15.25 | – | – | 15.25 | – |
| Other expenses | 10.56 | 7.81 | 9.13 | 40.88 | 40.21 |
| Total expenditure (II) | 175.08 | 282.62 | 144.58 | 811.35 | 959.82 |
| Earnings before interest, tax, depreciation and amortisation (EBITDA) (III = I – II) | 13.48 | 32.17 | 28.99 | 92.97 | 137.80 |
| Depreciation and amortisation expense | 2.25 | 1.20 | 1.99 | 7.26 | 8.35 |
| Finance costs | 27.51 | 27.91 | 23.59 | 110.41 | 84.08 |
| Profit/ (loss) before exceptional item and tax (IV) | (16.28) | 3.06 | 3.41 | (24.70) | 45.37 |
| Exceptional item | |||||
| Statutory impact of new Labour Codes (Refer Note 7) (V) | 0.16 | 4.96 | – | 5.12 | – |
| Profit/(loss) before tax | (16.44) | (1.90) | 3.41 | (29.82) | 45.37 |
| Tax expenses/(credit) : | |||||
| Current tax | 8.25 | 4.91 | 3.01 | 13.16 | 14.50 |
| Deferred tax | (11.47) | (4.57) | 0.25 | (17.34) | (0.05) |
| Total tax expenses/ (credit) (VI) | (3.22) | 0.34 | 3.26 | (4.18) | 14.45 |
| Profit/ (loss) after tax (VII = V-VI) | (13.22) | (2.24) | 0.15 | (25.64) | 30.92 |
| Other comprehensive income / (loss) | |||||
| Items that will not to be reclassified to profit or loss: | |||||
| Remeasurements gain/ (loss) on defined employee benefits plans | 0.23 | 0.27 | 0.48 | 0.81 | 0.61 |
| Income tax effect on above | (0.05) | (0.07) | (0.12) | (0.20) | (0.15) |
| Total other comprehensive income/(loss)(VIII) | 0.18 | 0.20 | 0.36 | 0.61 | 0.46 |
| Total comprehensive income/ (loss) (VII + VIII) | (13.04) | (2.04) | 0.51 | (25.03) | 31.38 |
| Paid-up equity share capital (Including equity share capital suspense account) (face value ₹ 2 per share) | 97.60 | 97.58 | 97.58 | 97.60 | 97.58 |
| Other equity | 1,042.57 | 1,066.27 | |||
| Earnings /(loss) per equity share (EPS) (Amount in ₹) (Not annualised except year end) | |||||
| Basic EPS (₹) | (0.27) | (0.04) | 0.00 | (0.53) | 0.63 |
| Diluted EPS (₹) | (0.27) | (0.04) | 0.00 | (0.53) | 0.63 |
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| Assets | ||
| I Non-current assets | ||
| Property, plant & equipment | 6.72 | 11.14 |
| Right-of-use assets | 5.33 | 12.36 |
| Intangible assets | 0.60 | 0.77 |
| Financial assets | ||
| (i) Investments | 25.79 | 25.79 |
| (ii) Loans | 366.10 | 310.33 |
| (iii) Other financial assets | 14.35 | 2.12 |
| Deferred tax assets (net) | 54.89 | 37.75 |
| Income tax assets (net) | 12.92 | 6.21 |
| Other non-current assets | 77.87 | 68.13 |
| Total non-current assets | 564.57 | 474.60 |
| II Current assets | ||
| Inventories | 78.28 | 39.61 |
| Financial assets | ||
| (i) Trade receivables | 995.97 | 903.94 |
| (ii) Cash and cash equivalents | 81.81 | 200.01 |
| (iii) Other bank balances | 3.02 | – |
| (iv) Other financial assets | 54.02 | 8.66 |
| Contract assets | 1,184.44 | 1,145.23 |
| Other current assets | 137.26 | 97.22 |
| Total current assets | 2,534.80 | 2,394.67 |
| Total assets | 3,099.37 | 2,869.27 |
| Equity and Liabilities | ||
| I Equity | ||
| Equity share capital (including equity share capital suspense account) | 97.60 | 97.58 |
| Other equity | 1,042.57 | 1,066.27 |
| Total equity | 1,140.17 | 1,163.85 |
| Liabilities | ||
| II Non-current liabilities | ||
| Financial liabilities | ||
| (i) Borrowings | 315.56 | 23.05 |
| (ii) Lease liabilities | 5.64 | 13.35 |
| Employee benefit obligations | 2.08 | 2.08 |
| Total non-current liabilities | 323.28 | 38.48 |
| III Current liabilities | ||
| Financial liabilities | ||
| (i) Borrowings | 532.13 | 720.82 |
| (ii) Lease liabilities | 1.35 | 2.25 |
| (iii) Acceptances | 139.32 | 98.57 |
| (iv) Trade payables | ||
| (a) total outstanding dues of micro and small enterprises | 89.90 | 94.51 |
| (b) total outstanding dues other (iv)(a) above | 805.01 | 714.94 |
| (v) Other financial liabilities | 39.23 | 24.65 |
| Contract liabilities | 11.64 | – |
| Other current liabilities | 9.17 | 4.51 |
| Income tax liabilities (net) | – | 0.22 |
| Employee benefit obligations | 8.17 | 6.47 |
| Total current liabilities | 1,635.92 | 1,666.94 |
| Total liabilities | 1,959.20 | 1,705.42 |
| Total equity and liabilities | 3,099.37 | 2,869.27 |
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| Cash flow from operating activities | ||
| Profit/(Loss) before tax | (29.82) | 45.37 |
| Adjustments to reconcile profit /(loss) before tax to net cash flows: | ||
| – Depreciation and amortisation expense | 7.26 | 8.35 |
| – Employee share based payment expense | 1.33 | 1.29 |
| – Finance costs (including interest pertaining to Ind AS 116) | 110.41 | 84.08 |
| – Finance income | (17.41) | (17.80) |
| – Loss on sale of assets | 0.95 | 0.10 |
| – Provisions no longer required written back | – | (5.86) |
| – Gain on lease modification | (1.70) | – |
| – Impairment losses on financial and contract assets | 15.25 | – |
| – Profit on sale of mutual funds | (3.25) | – |
| – Unrealised exchange difference (net) | (40.71) | (13.76) |
| Operating profit before working capital changes | 42.31 | 101.77 |
| Working capital adjustments: | ||
| – Increase/(decrease) in trade payables | 85.46 | (345.78) |
| – Increase/(decrease) in acceptances | 40.75 | 6.43 |
| – Increase/(decrease) in employee benefit obligations | 2.51 | (0.85) |
| – Increase/(decrease) in other liabilities | 3.37 | 3.72 |
| – Increase/(decrease) in other financial liabilities | 2.41 | (7.34) |
| – Increase/(decrease) in contract liabilities | 11.64 | – |
| – Decrease /(increase) in trade receivables | (133.46) | (89.88) |
| – Decrease /(increase) in inventories | (38.67) | 2.10 |
| – Decrease/(increase) in other financial assets | (43.59) | 24.41 |
| – Decrease/(increase) in contract assets | (11.55) | 138.85 |
| – Decrease /(increase) in other assets | (49.78) | 18.38 |
| Change in working capital | (130.91) | (249.96) |
| Cash used in operations | (88.60) | (148.19) |
| Income tax paid (net of refunds) | (20.10) | (20.71) |
| Net cash outflow from operating activities (A) | (108.70) | (168.90) |
| B. Cash flows from investing activities | ||
| – Purchase of property, plant and equipment and Intangible assets | (0.28) | (0.58) |
| – Investment in mutual funds | (1,248.80) | – |
| – Proceed from sale of mutual funds | 1,252.05 | – |
| – Investment in Fixed Deposit | (16.09) | – |
| – Loans to subsidiaries | – | (26.99) |
| Net cash outflow from investing activities (B) | (13.12) | (27.57) |
| C. Cash flows from financing activities | ||
| – Proceeds from long term borrowings | 320.00 | – |
| – Repayments of long term borrowings | (17.64) | (37.64) |
| – Proceeds from issue of equity shares (ESOP) | 0.02 | – |
| – Proceeds from/(Repayments of) short term borrowings (net) | (202.40) | 459.24 |
| – Interest paid (including interest pertaining to Ind AS 116) | (85.04) | (73.20) |
| – Other borrowing cost | (9.34) | – |
| – Principal elements of lease payments | (1.98) | (1.94) |
| Net cash inflow / (outflow) from financing activities (C) | 3.62 | 346.46 |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | (118.20) | 149.99 |
| Cash and cash equivalents as at the beginning of the year | 200.01 | 50.02 |
| Cash and cash equivalents as at the year end | 81.81 | 200.01 |
| Components of cash and cash equivalents: | ||
| – Balances with banks – In current account | 81.81 | 200.01 |
| Total cash and cash equivalents | 81.81 | 200.01 |
| Ratios | Quarter ended March 31, 2026 (Unaudited) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| 1. Debt equity ratio | 0.75 | 0.65 | 0.65 | 0.75 | 0.65 |
| 2. Debt service coverage ratio (not annualised) | 0.58 | 0.86 | 1.10 | 0.78 | 1.09 |
| 3. Interest service coverage ratio (not annualised) | 0.60 | 0.96 | 1.09 | 0.83 | 1.47 |
| 4. Capital redemption reserve (in INR crores) | – | – | – | – | – |
| 5. Net worth (in INR crores) | 146.67 | 158.72 | 170.46 | 146.67 | 170.46 |
| 6. Current ratio | 1.55 | 1.43 | 1.44 | 1.55 | 1.44 |
| 7. Long term debt to working capital | 0.36 | 0.21 | 0.05 | 0.36 | 0.05 |
| 8. Bad debt to accounts receivable ratio | – | – | – | – | – |
| 9. Current liability ratio | 0.83 | 0.91 | 0.98 | 0.83 | 0.98 |
| 10. Total debt to total assets | 0.28 | 0.24 | 0.26 | 0.28 | 0.26 |
| 11. Trade receivables turnover ratio (annualised) | 0.69 | 1.20 |