Sterling Tools Limited — Others, 14-11-2024: Change in Auditors

Sterling Tools Limited has announced a board meeting where it approved the unaudited financial results for the second quarter and half-year ended 30th September 2024. The company reported a revenue from operations of ₹32.80 crore for the half year and a profit before tax of ₹31.53 crore for the same period. The Board also approved an investment of ₹20 crore in its wholly-owned subsidiary, Sterling Tech-Mobility Limited, and appointed Profaids Consulting as internal auditors for the next two quarters. This strategic move may enhance operational efficiency and investor confidence, contributing to a positive outlook for Sterling Tools.