Sterling Tools Ltd

The company, through its subsidiary Sterling Gtake (SGEM), would develop, manufacture and market Magnet Free traction motors for electric vehicles. The production activities would be undertaken at the company's plant in Faridabad. By introducing a mature and commercially viable rare earth magnet-free technology, SGEM will offer its customers an alternative to the China dependent permanent magnet supply chain. Through this technology licensing agreement, SGEM will serve all segments of the traction motors market that is expected to grow to approx. Rs 15,000cr by 2030. The business plan also calls for the joint development of integrated motor and controller solutions. Anil Aggarwal, chairman, Sterling Tools, said, 'Sterling's foray into rare earth magnet-free motors demonstrates the Group's commitment to being a technology leader and an industry pioneer. We are expanding beyond MCUs to being a complete solution provider and meeting the EV Industry's growing demand for advanced technology. EV sub-systems are being increasingly consolidated into multifunction units and Sterling will also offer our customers integrated motor and controller solutions. The diversification into Rare Earth Magnet-Free motors is in line with Sterling's ambition to develop Powertrain expertise to serve the Indian Auto Industry.' Sterling Tools has also announced its earnings for the quarter and the year ended on 31 March 2025. The company has reported 45.8% drop in consolidated net profit to Rs 8.8 crore as total income fell by 23.9% to Rs 205.7 crore in Q4 FY25 as compared with Q4 FY24. EBITDA declined by 23.1% year-over-year (YoY) to Rs 24.5 crore during the period under review. EBITDA margin, however, expanded by 10 basis points to 11.9% in Q4 FY25. Profit before tax in Q4 FY25 stood at Rs 11.9 crore, down by 44.2% from Rs 21.3 crore in Q4 FY24. Sterling Tools manufacture high tensile and premier cold forged hi-tensile fasteners catering to the passenger cars, two wheelers, commercial vehicles, agri-equipment and construction equipment segments. The company's client portfolio comprises leading OEMs in the domestic market and international markets. Powered by Capital Market - Live

Net profit of Sterling Tools declined 45.78% to Rs 8.81 crore in the quarter ended March 2025 as against Rs 16.25 crore during the previous quarter ended March 2024. Sales declined 25.81% to Rs 199.76 crore in the quarter ended March 2025 as against Rs 269.25 crore during the previous quarter ended March 2024. For the full year,net profit rose 5.27% to Rs 58.29 crore in the year ended March 2025 as against Rs 55.37 crore during the previous year ended March 2024. Sales rose 10.12% to Rs 1026.30 crore in the year ended March 2025 as against Rs 931.97 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales199.76269.25 -26 1026.30931.97 10 OPM %9.2811.46 -10.6811.50 - PBDT21.9129.58 -26 111.45104.85 6 PBT11.8921.32 -44 76.6471.80 7 NP8.8116.25 -46 58.2955.37 5 Powered by Capital Market - Live

Sterling Tools announced that the Board of Directors of the Company at its meeting held on 13 May 2025, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 125%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Sterling Tools will hold a meeting of the Board of Directors of the Company on 13 May 2025.Powered by Capital Market - Live

Net profit of Sterling Tools rose 0.15% to Rs 13.60 crore in the quarter ended December 2024 as against Rs 13.58 crore during the previous quarter ended December 2023. Sales rose 12.47% to Rs 260.88 crore in the quarter ended December 2024 as against Rs 231.95 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales260.88231.95 12 OPM %10.2811.22 - PBDT26.2125.91 1 PBT17.7617.52 1 NP13.6013.58 0 Powered by Capital Market - Live

Sterling Tools will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

Sterling Tools has forayed into the energy sector through its wholly owned subsidiary, Sterling Tech-Mobility. The company has partnered with Zhejiang Meishuo Electric Technology Co., China to locally manufacture latching relays for the energy sector, industrial grids, and other applications in India. These relays are crucial in reducing power consumption and thus extending the lifespan of key components across smart metering systems, as well as industrial and white goods applications. They enable the remote connection and disconnection of power to a consumer's premises, utilizing a latch mechanism that minimizes energy consumption during operation. This association is expected to generate Rs. 200 crore in business by FY30, and Sterling Tools will bring the niche technology to manufacture and assemble latching relays locally at a new facility in Bengaluru, India, with an initial investment of around Rs. 20 crore. By producing these components domestically, Sterling Tools aims to drive import substitution and reduce reliance on imports, aligning with the Atmanirbhar Bharat vision and supporting the Make in India initiative. The development will empower Indian companies and other suppliers to access advanced technology locally, building a self-reliant ecosystem for the industrial and white goods industries. Sterling Tools, through its wholly owned subsidiary Sterling Tech-Mobility, plans to expand the local manufacturing of electrical components, systems, and relays, strengthening India's industrial supply chain and reducing reliance on imports. With the market poised for significant growth, this partnership is well-timed to capitalize on emerging opportunities while contributing to a sustainable future. Powered by Capital Market - Live

Sterling Tools (STL) has been awarded the long-term rating of [ICRA]AA- (Positive). The outlook has been revised from Stable to Positive by ICRA. This upgrade is driven by STL's strong credit profile and robust growth in the electric vehicle (EV) components segment, which has led to increased diversification of STL's earnings. Powered by Capital Market - Live

Net profit of Sterling Tools rose 40.21% to Rs 17.47 crore in the quarter ended September 2024 as against Rs 12.46 crore during the previous quarter ended September 2023. Sales rose 35.12% to Rs 283.98 crore in the quarter ended September 2024 as against Rs 210.17 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales283.98210.17 35 OPM %11.3412.02 - PBDT31.7324.16 31 PBT23.0515.81 46 NP17.4712.46 40 Powered by Capital Market - Live

Revenue from operations jumped 35.11% year on year to Rs 283.98 crore in the quarter ended 30 September 2024. As compared to Q1 FY25, the company's net profit declined by 5% and revenue fell by 1% in Q2 FY25. Total expenses jumped 34.30% YoY to Rs 262.85 crore during the quarter. Cost of materials consumed was at Rs 132.95 crore (up 37.71% YoY) while employee benefits expense stood at Rs 23.95 crore (up 53.82% YoY) during the period under review. Profit before tax stood at Rs 23.05 crore in the quarter ended 30 September 2024, up 40.46% from Rs 16.41 crore recorded in Q2 FY24. On half-year basis, the company's net profit rose 40.54% to Rs 35.88 crore on 31.31% increase in revenue to Rs 565.66 crore in H1 FY25 over H1 FY24. Meanwhile, the company's board has approved the investment in the form of equity in Sterling Tech-Mobility, wholly owned subsidiary of the company upto an amount of Rs 20 crore in one or more tranches. Sterling Tools manufacture high tensile and premier cold forged hi-tensile fasteners catering to the passenger cars, two wheelers, commercial vehicles, agri-equipment and construction equipment segments. The company's client portfolio comprises leading OEMs in the domestic market and international markets. Powered by Capital Market - Live