Sterling Tools’ shares surged by 13% following the company’s impressive Q2 FY25 financial results.
The company achieved a revenue of ₹283.98 crore, marking a 34.9% YoY increase from ₹210.17 crore in Q2 FY24. On a sequential basis, revenue grew by 0.8% from ₹281.68 crore in Q1 FY25. Total income surged by 35.2% YoY, reaching ₹285.91 crore compared to ₹211.53 crore in Q2 FY24.
The company reported a PBT of ₹23.05 crore, up 40.4% YoY from ₹16.41 crore, though it saw a slight 3.7% sequential decline from ₹23.93 crore in Q1 FY25.
Sterling Tools’ net profit for Q2 FY25 was ₹17.47 crore, a 40.1% YoY growth from ₹12.46 crore, despite a 5.1% dip compared to ₹18.41 crore in the previous quarter.
As of 3:00 pm, Sterling Tools shares were trading 8.52% higher at Rs 545.00 on the NSE.
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