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Sterling Tools

Sterling Tools Q4 results: PAT doubles to Rs 16 cr on growth in EV division

Automotive parts manufacturer Sterling Tools Ltd's profit after tax doubled in the March quarter to Rs 16.3 crore driven by growth in its electric vehicle division. The company reported a profit after tax of Rs 7.8 crore in the year-ago period, Sterling Tools Ltd (STL) said in a statement. Total income in the January-March quarter jumped by 27 per cent to Rs 270.2 crore compared to Rs 212.7 crore in the last quarter of the previous year, the company said. For the full 2023-24 fiscal, the profit after tax rose by more than 15 per cent to Rs 55.4 crore against Rs 47.9 crore in the previous year. Total Income for FY24 rose by 21 per cent to Rs 938.5 crore as against Rs 774.9 crore, the company said. The Electric Vehicle (EV) division of the company, Sterling Gtake E-Mobility (SGEM), reported a 23 per cent growth in total income to Rs 323.8 crore in FY24 compared to Rs 174.3 crore in the year-ago period. The EV division accounts for 35% of FY24 consolidated revenue now against 23 per

Sterling Tools Q4 results: PAT doubles to Rs 16 cr on growth in EV division
Updated On : 13 May 2024 | 9:48 PM IST

Sterling Tools, Yongin Electronics partner for EV production; stock up 11%

Notably, the stock has zoomed 11.32 per cent in the past month, outperforming S&P BSE SmallCap index, which jumped 9.22 per cent during the same period

Sterling Tools, Yongin Electronics partner for EV production; stock up 11%
Updated On : 18 Apr 2024 | 11:06 AM IST

Sterling Tools' June qtr profit jumps 36% to Rs Rs 13 cr, total revenue up

Auto component maker Sterling Tools Ltd on Thursday reported a 36.4 per cent jump in its consolidated Profit After Tax (PAT) at Rs 13.1 crore for the quarter ended June 30. The city-based manufacturer of automotive fasteners and a supplier of Motor Control Units (MCUs), had posted a consolidated PAT of Rs 9.6 crore in the first quarter of FY23, as per a company statement. Total consolidated revenue for the quarter stood at Rs 222.8 crore, up 27.6 per over Rs 174.6 crore topline delivered in the same quarter last fiscal, it said. "Overall auto-industry growth has been tepid and segments like commercial vehicles and tractors have witnessed de-growth. However, we have reported a revenue growth of 7.4 per cent YoY in our fasteners business," said Atul Aggarwal, Whole-Time Director at Sterling Tools Limited. The EV industry witnessed a growth of 77 per cent during the quarter, and the company has reported a staggering growth of 135 per cent in our EV component segment on a YoY basis, he

Sterling Tools' June qtr profit jumps 36% to Rs Rs 13 cr, total revenue up
Updated On : 03 Aug 2023 | 2:38 PM IST

Sterling Tools hits 5-year high, surges 10% on strong business outlook

EV penetration in 2W and 3W is expected to increase at a fast rate over the next few years which augurs well for the company's growth.

Sterling Tools hits 5-year high, surges 10% on strong business outlook
Updated On : 17 Mar 2023 | 10:38 AM IST

Sterling Tools hits 4-year high on strong Q3 results; surges 40% in 1 month

The revenue growth was primarily driven by increase in content per vehicle, overall robust industry demand & parts SOB increase in select OEM's.

Sterling Tools hits 4-year high on strong Q3 results; surges 40% in 1 month
Updated On : 02 Feb 2023 | 2:20 PM IST

Stock of this auto ancillary company has zoomed 38% in 3 days

In the past eight months, it has more-than-doubled or zoomed 203 per cent from Rs 116.05, which it had touched on May 12, 2022

Stock of this auto ancillary company has zoomed 38% in 3 days
Updated On : 11 Jan 2023 | 1:54 PM IST

Stock of this automotive fastener company has zoomed over 110% in 6 weeks

As on May 31, 2022, Sterling Gtake E-mobility's order book stood at Rs 175 crore, all of which will be executed in FY23

Stock of this automotive fastener company has zoomed over 110% in 6 weeks
Updated On : 24 Jun 2022 | 1:29 PM IST

Auto ancillaries in focus: Sterling Tools, Igarashi Motors up 40% in 2 days

Igarashi Motors, Sterling Tools, Rane (Madras), Rane Brake Lining, Rane Holdings, Sundaram Brake Linings, India Nippon Electricals and Lumax Auto Tech rallied up to 20% on the BSE on Thursday.

Auto ancillaries in focus: Sterling Tools, Igarashi Motors up 40% in 2 days
Updated On : 26 Dec 2019 | 11:44 AM IST

Sterling Tools zooms 20% on inking JV with Chinese co for Indian EV sector

The company has entered into a JV agreement with Jiangsu Gtake Electric Company to provide the Indian electric vehicle OEM'S with best in class motor control units (MCUs).

Sterling Tools zooms 20% on inking JV with Chinese co for Indian EV sector
Updated On : 24 Dec 2019 | 1:59 PM IST

Sterling Tools up over 10% on pact with a Japan-based company

The stock rallied 13% to Rs 262, also its record high on BSE in intra-day trade.

Sterling Tools up over 10% on pact with a Japan-based company
Updated On : 12 Apr 2017 | 2:33 PM IST

Sterling Tools surges on stock split plan

The stock surged nearly 15% to Rs 1,008, also its record high on BSE in intra-day trade.

Sterling Tools surges on stock split plan
Updated On : 19 Oct 2016 | 11:02 AM IST