Sterling Tools Q1 Results Net Profit Rises to ₹1,840.86 Lakhs with Total Income at ₹28,366.32 Lakhs

Sterling Tools Q1 Results: Sterling Tools Ltd. (STL) announced its Q1 results on August 13, 2024, showing a moderate growth in performance. The company reported a total income of ₹28,366.32 lakhs for the quarter ended June 30, 2024, reflecting an increase of 4.67% quarter-over-quarter (QoQ) from ₹27,100.05 lakhs in the previous quarter.

Revenue from operations also rose by 4.61% QoQ to ₹28,168.00 lakhs, indicating steady demand across both automotive and non-automotive segments. The company's profit before tax stood at ₹2,393.12 lakhs, up by 12.26% QoQ from ₹2,131.74 lakhs in the preceding quarter, showcasing a healthy financial performance.

However, compared to the same quarter last year, profit growth remains stable with no exceptional changes. The net profit for the quarter was ₹1,840.86 lakhs, reflecting a 13.29% QoQ growth, indicating efficient cost management despite rising expenses in materials and employee benefits.

Sterling Tools' earnings per share (EPS) improved to ₹5.11 from ₹4.51 in the previous quarter.

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Sterling Tools Q1 Results 2024 - 2025

Sterling Tools reported its financial performance for the first quarter ending June 30, 2024, showcasing moderate growth. The company's total income and profit before tax increased compared to the previous quarter, reflecting strong demand in its core markets. Here is a summary of the key financial metrics for Q1 2024-2025:

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Sterling Tools Current Market Overview

Sterling Tools (STL) is currently trading at ₹541 per share, reflecting a recent decline of 2.14%. The company has a market capitalization of ₹1,948 crore, and its stock price has ranged from a high of ₹585 to a low of ₹304 over the past year.

With a price-to-earnings (P/E) ratio of 32.4, the company has a book value of ₹124 per share. Sterling Tools offers a modest dividend yield of 0.36%, while its return on capital employed (ROCE) is 14.7% and return on equity (ROE) is 12.9%. The stock has a face value of ₹2.00, indicating its base price per share.

Quarterly Results

Sterling Tools has shown consistent performance in its recent quarters. Below is a summary of the key financial results for the periods ending December 2023, March 2024, and June 2024. The data highlights the company's sales, expenses, profits, and other important financial indicators.

About Sterling Tools

Sterling Tools (STL), established in 1979, is one of India's leading manufacturers and marketers of high-tensile cold-forged fasteners, primarily serving the automobile industry. Founded by entrepreneur Mr. Manohar Lal Aggarwal, the company is now managed by his sons, Mr. Anil Aggarwal and Mr. Atul Aggarwal.

Over the past four decades, Sterling Tools has grown to become the second-largest automotive fastener manufacturer in India and a key supplier of motor control units (MCUs) for electric vehicles.

The company's diverse product portfolio includes fasteners for both automotive and non-automotive applications, reflecting its commitment to quality and innovation.

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