Sterling Tools Limited — PPTs, 15-11-2024: Investor Presentation

**Financial Highlights:** Sterling Tools Limited reported total income of ₹569.6 crore for H1 FY25, reflecting a 31.1% year-on-year growth. The second quarter saw income of ₹285.9 crore, up 35.2% YoY. EBITDA for H1 grew 25.9% to ₹68.1 crore, with a margin of 11.9%. PAT for Q2 was ₹17.5 crore, up 40% YoY, driven by strong operational performance.

**Strategic Initiatives and Growth Drivers:** The company emphasizes its partnership with Kunshan GLVAC Yuantong New Energy Technology Co., Ltd to manufacture high-voltage DC contactors and relays, targeting the electric and hybrid vehicle market. This initiative aligns with Sterling Tools' focus on expanding its EV component portfolio.

**Business Developments:** The new plant in Bengaluru for HVDC components represents a ₹40 crore investment aimed at generating around ₹250 crore by FY30. The establishment of local manufacturing supports India's Atmanirbhar Bharat initiative.

**Market Position and Competitive Advantage:** Sterling Tools is positioned as a key player in the EV supply chain, enhancing its growth through local production and strategic alliances with established brands.

**Investor Implications:** The company's strong financial performance and strategic positioning in the EV sector point to a positive outlook for future growth. Watch closely as these developments unfold and contribute to overall market competitiveness.