Sterling Tools Limited has reported a 27 per cent year-on-year growth in consolidated profit after tax for the first nine months of the financial year 2025, reaching INR 49.5 crore compared to INR 39.1 crore in the same period last year. The company’s total income for the period grew by 24.5 per cent to INR 832.3 crore, driven by strong performance in both its core automotive fasteners business and its growing presence in electric vehicle components through its subsidiary, Sterling Gtake E-Mobility Limited.
For the third quarter of FY25, Sterling Tools recorded a total income of INR 262.7 crore, reflecting a 12.3 per cent increase compared to the same quarter in FY24. The company’s adjusted EBITDA for the quarter rose by 13 per cent to INR 31.7 crore, maintaining a stable EBITDA margin of 12.1 per cent. The profit after tax for Q3 stood at INR 13.6 crore, contributing to the overall strong performance in the first nine months of the financial year.
The company attributed much of its growth to the performance of Sterling Gtake E-Mobility Limited, which saw a 56 per cent increase in revenue, reaching INR 345.9 crore for the nine-month period. Sterling Tools also reported an 8.9 per cent rise in standalone revenue, driven by a higher share of business with existing customers and new client acquisitions. Managing Director Atul Aggarwal stated that the company remains committed to localisation and innovation in the EV sector, identifying unserved opportunities that could drive further growth.
Sterling Tools has taken steps to expand its presence in electric vehicle components through strategic collaborations. The company has signed an agreement with Motiveline Co Ltd, formerly known as Yongin Electronics Co Ltd, to manufacture a full range of magnetic components for India’s EV and electronics industry. It has also partnered with China’s Kunshan GLVAC Yuantong New Energy Technology Co Ltd for manufacturing HVDC contactors and relays in India. Another agreement with Zhejiang Meishuo Electric Technology Co Ltd will see the local production of latching relays for the energy sector and industrial applications.
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