Steelman Telecom Ltd — Others, 04-08-2025: Others

Steelman Telecom's FY25 standalone revenue dipped 7.4% to Rs 175.36 Cr, yet standalone profit after tax rose 10% to Rs 8.06 Cr. Consolidated loss improved to Rs 8.87 Cr, despite significant losses from its EC Wheels EV subsidiary. The company secured major telecom contracts with Bharti-Airtel (Rs 42 Cr), Reliance Jio (Rs 60 Cr), and TCS (Rs 10 Cr). Looking ahead, management targets substantial 5G and fiber projects, including a Rs 160 Cr Jio Rajasthan contract. Shareholders will vote on August 30, 2025, to expand the business into vehicle leasing, boosting its EV initiatives.