Storage Technologies & Automation News

Storage Technologies Gets GST Order Worth ₹2.30 Lakh

Storage Technologies & Automation receives corrected GST order from Karnataka department for FY2021-22 involving tax, interest and penalty totaling ₹2,30,584 for excess ITC claims on steel products.

Storage Technologies and Automation Reports Loss in H1FY26 Despite Revenue Growth

Storage Technologies and Automation Limited posted a net loss of ₹15.50 million in H1FY26 compared to a profit of ₹12.45 million in H1FY25, despite revenue growing 7.9% to ₹470.53 million. The company's EBITDA margin declined sharply to 0.7% from 9.3% due to higher execution costs and project delays, though management targets ₹1,200 million revenue for FY26 with margin recovery expected in the second half.

Storage Technologies and Automation Reports Loss of ₹155.23 Lakhs in H1 FY26

Storage Technologies and Automation Limited posted a net loss of ₹155.23 lakhs for the first half ended September 30, 2025, compared to a profit of ₹124.49 lakhs in the same period last year, with revenue growing 7.9% to ₹4,705.33 lakhs. The company's profitability was impacted by delayed project execution, prolonged deployment of manpower and equipment, and elevated operational costs, though management expects recovery in H2 FY26 with a full-year revenue target of approximately ₹1,200 crores.