Sterling Tools Ltd

Sterling Tools through its subsidiary, Sterling Gtake E-Mobility (SGEM) announced its foray into EV On-board Chargers and DC/DC converters for electric vehicles. SGEM has signed Technology License and Supply agreements with Landworld Technology Co., China to locally manufacture On-board Chargers, DC/DC convertors and Multi-Function Units (incorporating On-Board Chargers, DC/DC converters as well as Power Distribution Units (PDUs)).These products are crucial for the electrification of Passenger and Commercial Vehicles. The company will manufacture these units at its EV campus in Faridabad. The partnership is expected to generate around Rs 450 crores in business by FY'30 in a market segment that is projected to reach Rs 3,000 crore. Powered by Capital Market - Live

Under the agreement, SGEM will locally manufacture on-board chargers, DC/DC converters and multi-function units, which also integrate power distribution systems, at its EV campus in Faridabad. The products are essential for passenger and commercial EVs and the business is expected to generate about Rs 450 crore in revenue by FY30, against a domestic market size projected at Rs 3,000 crore. The initiative supports India's Atmanirbhar Bharat and Make in India goals by driving import substitution and providing local access to advanced EV power electronics technology. EV on-board chargers manage AC charging directly from external power sources, while DC/DC converters step down battery voltage for auxiliary systems. Sterling Tools said the move is part of its broader push to build EV power electronics capabilities and expand its portfolio for India's auto industry. Anil Aggarwal, chairman, Sterling Tools, said, We are expanding beyond our initial Motor Control Unit & Power Train platforms to meet our customer's growing demand for advanced technology in the EV sector. EV sub-systems are being increasingly consolidated into multifunction units and Sterling hopes to offer our customers greater choices for stand-alone and multifunction units to cover multiple (vehicle) functions. The Sterling Group will continue to extend excellent technical and application support to its customers to help drive greater adoption of EVs in India. Sterling Tools manufactures high-tensile cold-forged automotive fasteners, catering to the passenger cars, two-wheelers, commercial vehicles, agri-equipment, and construction equipment segments. Through its subsidiary, Sterling Gtake E-Mobility (SGEM), has also successfully ventured into the sunrise Electric Vehicle (EV) component sector. On a consolidated basis, net profit of Sterling Tools declined 51.17% to Rs 8.99 crore while net sales declined 31.81% to Rs 192.08 crore in Q1 June 2025 over Q1 June 2024. Powered by Capital Market - Live

Sterling Tools has revised the record date for payment of dividend from 06 September 2025 to 18 September 2025. Powered by Capital Market - Live

Sterling Tools announced that the 46th Annual General Meeting(AGM) of the company will be held on 13 September 2025.Powered by Capital Market - Live

Net profit of Sterling Tools declined 51.17% to Rs 8.99 crore in the quarter ended June 2025 as against Rs 18.41 crore during the previous quarter ended June 2024. Sales declined 31.81% to Rs 192.08 crore in the quarter ended June 2025 as against Rs 281.68 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales192.08281.68 -32 OPM %11.4711.37 - PBDT22.2931.61 -29 PBT12.2823.93 -49 NP8.9918.41 -51 Powered by Capital Market - Live

Sterling Tools will hold a meeting of the Board of Directors of the Company on 7 August 2025.Powered by Capital Market - Live

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