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Sterling Tools Limited reports a robust financial performance, with consolidated total income rising by 24.5% YoY to ₹832.3 crore over the nine months ended December 2024. Key drivers include substantial growth from its subsidiary, Sterling Gtake E-Mobility Limited, which saw a 56% revenue increase, reflecting the company's commitment to the EV industry. The adjusted EBITDA also performed well, growing 25.8% YoY to ₹105.9 crore, with a margin of 12.7%.
In Q3 FY25 alone, total income increased by 12.3% YoY to ₹262.7 crore, and profit after tax rose to ₹13.6 crore. The standalone segment showed stable performance, with an 8.9% increase in income for 9M FY25, reaching ₹486.4 crore.
Strategically, Sterling Tools is expanding its footprint in the EV market and has formed partnerships to manufacture essential components locally, enhancing import substitution efforts. Positive investor implications arise from these initiatives as the company focuses on sustainable growth, aligning with government initiatives for self-reliance in the sector.