Sterling Tools Limited (STL) (BSE: 530759) (NSE: STERTOOLS), a leading automotive fastener manufacturer in India, and its fully owned subsidiary Sterling Gtake E-Mobility Limited (SGEM), a key player in EV components, has announced its unaudited standalone and consolidated results for the quarter and nine months ending December 31, 2024.
In Q3 FY25, the company reported a 12.3% year-on-year (YoY) increase in total income, reaching Rs. 262.7 crore, compared to Rs. 234.0 crore in Q3 FY24. Adjusted EBITDA rose 13.0% YoY to Rs. 31.7 crore, with an EBITDA margin of 12.1% for the quarter. The company’s profit after tax (PAT) stood at Rs. 13.6 crore, reflecting steady financial performance and profitability.
For the nine-month period (9M) of FY25, total income grew 24.5% YoY to Rs. 832.3 crore, compared to Rs. 668.3 crore in 9M FY24. Adjusted EBITDA rose 25.8% YoY to Rs. 105.9 crore, with an EBITDA margin of 12.7%. Profit after tax witnessed a 26.5% YoY increase, reaching Rs. 49.5 crore, up from Rs. 39.1 crore in the previous year, with a PAT margin of 5.9%. These figures highlight the company’s strong financial growth and operational efficiency.
Atul Aggarwal, Managing Director of Sterling Tools Limited, commented on the results: “During the first nine months of FY25, our consolidated income increased by 24.5% to Rs. 832.3 crore. This growth was largely driven by SGEM, which saw a 56% revenue increase, reaching Rs. 345.9 crore. Our standalone business also posted steady performance with an 8.9% YoY growth. This was mainly due to an increase in business with existing customers and the addition of new ones.”
Aggarwal also highlighted the company’s commitment to the EV sector and localization efforts “We are focused on addressing unmet product needs in the EV space. Recently, we signed several strategic collaborations to meet the rapidly evolving requirements of the EV industry. These include a partnership with MOTIVELINK Co., Ltd to manufacture magnetic components for India’s EV and electronics industries, and collaborations with Kunshan GLVAC Yuantong New Energy Technology Co. and Zhejiang Meishuo Electric Technology Co. to locally produce key components such as HVDC contactors, relays, and latching relays. These initiatives aim to support import substitution and align with the Atmanirbhar Bharat vision, helping build a self-reliant ecosystem for the EV, hybrid electric vehicle, and industrial sectors.”
Founded in 1979, Sterling Tools manufactures high-tensile cold-forged automotive fasteners, serving the passenger car, two-wheeler, commercial vehicle, agri-equipment, and construction equipment industries. The company, through its subsidiary, has also ventured into the rapidly growing EV sector, creating value for its stakeholders. Its client base includes leading OEMs in both the domestic and international markets.
