Sterling Tools Limited — Updates, 14-11-2024: Press Release

Sterling Tools Limited reported a robust performance for Q2 FY25, with consolidated total income rising 35.2% YoY to ₹285.9 crore, supported by strong contributions from its subsidiary, Sterling Gtake E-Mobility Limited. The company's consolidated EBITDA increased by 28.2% YoY to ₹34.1 crore, with an EBITDA margin of 11.9%. Profit after tax also saw impressive growth, up 40.0% YoY to ₹17.5 crore, reflecting a margin of 6.1%.

For the half-year, total income reached ₹569.6 crore, a 31.1% increase YoY. EBITDA grew by 25.9% to ₹68.1 crore, with a margin of 12.0%. Profit after tax for H1 FY25 was ₹35.9 crore, marking a 40.5% rise.

Strategically, the company announced a partnership with Kunshan GLVAC Yuantong New Energy Technology Co., Ltd to manufacture high-voltage DC contactors for the expanding EV market in India. This collaboration, alongside existing initiatives, positions Sterling Tools to leverage growth opportunities in the EV sector, providing a positive outlook for its future performance. Investors should watch closely as the company continues to innovate and expand its market presence.