| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 260.88 | 8.1% |
| Total Income | 262.69 | 8.1% |
| Expenditure | 244.93 | 6.8% |
| PBT | 17.76 | 22.9% |
| Net Profit | 13.60 | 22.2% |
| OPM | 1.95% | 1.59pp |
| NPM | 5.18% | 0.93pp |
| EPS | 3.78 | 22.1% |
Sterling Tools Reports Consolidated PAT Growth of 27% YoY for 9M FY25
05 Feb 2025 · 5 Feb 2025, 01:32 am
Summary
Sterling Tools Limited, a leading automotive fastener manufacturer and EV component manufacturer, announced its unaudited Standalone and Consolidated results for the quarter and nine months ended 31 December 2024. The company reported a 27% YoY growth in consolidated PAT for 9M FY25 and a 25% YoY increase in consolidated total income. The standalone business also showed steady performance with a 8.9% YoY growth in total income for 9M FY25. The company has signed multiple strategic collaborations to address the dynamically evolving needs of the EV industry and to align with the Atmanirbhar Bharat vision of the Government of India.
Key Highlights
- 1
27% YoY growth in consolidated PAT for 9M FY25
- 2
25% YoY increase in consolidated total income for 9M FY25
- 3
8.9% YoY growth in standalone total income for 9M FY25
- 4
Signed multiple strategic collaborations in the EV space
- 5
Commitment to the EV industry and localization
Management Comments
Mr. Atul Aggarwal
Managing Director of Sterling Tools Limited
During 9M FY25, our consolidated total income grew by 24.5% to Rs 832.3 crore on a YoY basis. The topline growth is mainly driven by SGEM which witnessed a revenue uptick of 56% to Rs 345.9 crore in 9M FY25 against corresponding period last year. The company registered an Adjusted EBITDA growth of 25.8% YoY to Rs 105.9 crore in 9M FY25. Our standalone business continues to exhibit steady performance with topline growth of 8.9% YoY in 9M FY25. The growth is attributable to a higher share of business with existing customers as well as addition of new customers. We have a deep commitment to the EV industry and to localization. We believe there are several unserved product opportunities in the EV space that we can address. With this thought process, we have announced multiple strategic collaborations in last few quarters to address dynamically evolving needs of the EV industry. We have signed a MOU with MOTIVELINK Co., Ltd (Erstwhile Yongin Electronics Co. Ltd) to manufacture entire portfolio of magnetic components required for various applications in India’s EV and electronics manufacturing industry. Furthermore, the company through its subsidiary Sterling Tech-Mobility Limited (STML) has partnered with China’s Kunshan GLVAC Yuantong New Energy Technology Co. Ltd to manufacture HVDC Contactors and Relays in India. Recently, STML has also partnered with Zhejiang Meishuo Electric Technology Co. Ltd., China to locally manufacture Latching Relays for the energy sector, industrial grids, and other applications in India. These associations will drive import substitution and will align with the Atmanirbhar Bharat vision of Government of India and help in building a self-reliant ecosystem for the Electric Vehicles, Hybrid Electric Vehicles, Industrial and White Goods Industries. Moving ahead, we shall continue with our focus towards exploring new growth frontiers and delivering sustainable performance through both organic as well as strategic initiatives.
Informational and educational content only. Not investment advice.