Sterling Tools Limited reported its financial results for the second quarter of FY25, showing strong growth in revenue and profit compared to the same period last year.
Key Highlights of Q2 FY25 Financial Performance:
- Revenue from Operations: The company’s revenue for Q2 FY25 reached ₹283.98 crore, marking a 34.9% increase YoY from ₹210.17 crore in Q2 FY24. Sequentially, revenue rose by 0.8% from ₹281.68 crore in Q1 FY25.
- Total Income: Total income for the quarter stood at ₹285.91 crore, up by 35.2% YoY from ₹211.53 crore in the same period last year and slightly up from ₹283.66 crore in the previous quarter.
- Profit Before Tax (PBT): Sterling Tools recorded a profit before tax of ₹23.05 crore, up by 40.4% YoY from ₹16.41 crore in Q2 FY24. On a quarter-over-quarter (QoQ) basis, PBT decreased slightly by 3.7% from ₹23.93 crore in Q1 FY25.
- Net Profit: The net profit for Q2 FY25 was ₹17.47 crore, a growth of 40.1% YoY from ₹12.46 crore in Q2 FY24. Compared to the previous quarter, net profit declined by 5.1% from ₹18.41 crore.
Analysis and Outlook:
Sterling Tools has demonstrated strong year-over-year growth in both revenue and profitability, reflecting the company’s effective strategies in capturing market demand. However, the slight sequential dip in profitability suggests possible short-term operational challenges or increased costs. The company remains well-positioned to build on its growth trajectory in the upcoming quarters, particularly as it continues to strengthen its presence in the fastener manufacturing sector.
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