look news india
Sterling Tools: Sterling Tools Limited (STL) is one of India’s leading automotive fastener manufacturers and has a 100 per cent owned subsidiary, Sterling Gestech-Immobility Limited (SGEM), a leader in EV component manufacturing. The company announced its unaudited standalone and consolidated results for the second quarter and first half ended September 30, 2024.
Total revenue in the second quarter of FY 2024-25 to grow by 35.2 percent year-on-year to Rs. Which was Rs 285.9 crore in the second quarter of the financial year 2023-24. 211.5 crores. EBITDA in the second quarter of the financial year 2024-25 increased by 28.2 percent year-on-year to Rs. Which was Rs 34.1 crore in the second quarter of the financial year 2023-24. 26.6 crores. The EBITDA margin in the second quarter of the financial year 2024-25 was 11.9 percent.
In the second quarter of the financial year 2024-25, profit after tax i.e. net profit increased by 40 percent year-on-year to Rs. Which was Rs 17.5 crore in the second quarter of the financial year 2023-24. In the second quarter of the financial year 2024-25, the profit after tax i.e. net profit margin was 6.1 percent.
Total revenue in the first half of FY 2024-25 to grow by 31.1 percent year-on-year to Rs. Which was Rs 569.6 crore in the first half of the financial year 2023-24. 434.4 crores. EBITDA in H1FY 2024-25 to grow 25.9 per cent year-on-year to Rs. Which was Rs 68.1 crore in the first half of the financial year 2023-24. 54.1 crores. The EBITDA margin in the first half of the financial year 2024-25 was 12.0 percent.