Sterling Tools Limited reported a strong performance in its Q2 FY25 financial results, with significant growth in both revenue and profit compared to the same period last year. The company’s shares rose by 4% following the results announcement.
Key Highlights of Q2 FY25 Financial Performance:
- Revenue from Operations: The revenue for Q2 FY25 reached ₹283.98 crore, up by 34.9% year-over-year (YoY) from ₹210.17 crore in Q2 FY24. Sequentially, revenue saw a minor increase of 0.8% from ₹281.68 crore in Q1 FY25.
- Total Income: Total income stood at ₹285.91 crore, a 35.2% YoY increase from ₹211.53 crore in Q2 FY24, and slightly up from ₹283.66 crore in the previous quarter.
- Profit Before Tax (PBT): The company reported a PBT of ₹23.05 crore, an increase of 40.4% YoY from ₹16.41 crore. However, PBT declined by 3.7% from ₹23.93 crore in Q1 FY25.
- Net Profit: Net profit for Q2 FY25 was ₹17.47 crore, a 40.1% growth YoY from ₹12.46 crore. Compared to the last quarter, net profit dipped by 5.1% from ₹18.41 crore.
As of 2:21 pm the shares were trading 4.60% higher at ₹525.30 on NSE
Sterling Tools’ year-over-year growth in revenue and profit underscores its strong market positioning and effective strategy to capture demand in the fastener manufacturing sector.
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