Sterling Tools reports 10.6% rise in FY25 total income
Limited (STL), a listed
manufacturer of automotive fasteners
, reported a 10.6 per cent year-on-year increase in its consolidated total income for the financial year ending March 31, 2025, reaching ₹1,038 crore. The company declared a 200 per cent dividend for the year.
The company's wholly owned subsidiary, Sterling Gtake E-Mobility Limited (SGEM), contributed significantly to the revenue growth, despite a slowdown in the fourth quarter (Q4) due to a decline in orders from Ola Electric following its shift to in-house motor production for Gen3 models.
Adjusted consolidated EBITDA rose by 13.8 per cent to ₹132.4 crore, with a margin of 12.8 per cent. Consolidated profit after tax grew 5.3 per cent to ₹58.3 crore, with a PAT margin of 5.6 per cent.
Stable standalone performance and future plans
On a standalone basis, STL reported a 6.2 per cent increase in income to ₹651.6 crore. EBITDA stood at ₹94.8 crore, up 4.8 per cent year-on-year, with a margin of 14.5 per cent. Standalone profit after tax increased by 10.5 per cent to ₹42.9 crore.
Atul Aggarwal, Managing Director, Sterling Tools, said that the company is focusing on customer and product diversification at SGEM. A recent technology licensing agreement will enable SGEM to develop and manufacture rare earth-free motors in India. The subsidiary is also working on integrated motor and controller solutions, as well as expanding its Motor Control Unit business across two-wheeler, three-wheeler, and commercial vehicle segments.
By Q2 FY26, Sterling Tools plans to begin production of HVDC contactors and relays through its subsidiary STML, in collaboration with Kunshan GLVAC Yuantong. Discussions are also underway with MotiveLink Co. Ltd. for a potential joint venture to manufacture magnetic components in India.
The company expects the standalone business to maintain high single-digit growth, with its ongoing investments aimed at supporting domestic manufacturing and reducing import dependency.
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