Auto Parts & Equipment company Sterling Tools announced Q3FY25 results Total income grew by 12.3% YoY to Rs 262.7 crore in Q3FY25 as against Rs 234.0 crore in Q3FY24. Adjusted EBITDA for the quarter increased by 13.0% YoY to Rs 31.7 crore with Adjusted EBITDA margin at 12.1% in Q3FY25. Profit after tax stood at Rs 13.6 crore in Q3FY25. Atul Aggarwal, Managing Director of Sterling Tools, said: “During 9MFY25, our consolidated total income grew by 24.5% to Rs 832.3 crore on a YoY basis. The topline growth is mainly driven by SGEM which witnessed a revenue uptick of 56% to Rs 345.9 crore in 9MFY25 against corresponding period last year. The company registered an Adjusted EBITDA growth of 25.8% YoY to Rs 105.9 crore in 9MFY25. Our standalone business continues to exhibit steady performance with topline growth of 8.9% YoY in 9MFY25. The growth is attributable to a higher share of business with existing customers as well as addition of new customers. We have a deep commitment to the EV industry and to localization. We believe there are several unserved product opportunities in the EV space that we can address. With this thought process, we have announced multiple strategic collaborations in last few quarters to address dynamically evolving needs of the EV industry. We have signed a MOU with MOTIVELINK Co., Ltd (Erstwhile Yongin Electronics Co. Ltd) to manufacture entire portfolio of magnetic components required for various applications in India’s EV and electronics manufacturing industry. Furthermore, the company through its subsidiary Sterling Tech-Mobility Limited (STML) has partnered with China’s Kunshan GLVAC Yuantong New Energy Technology Co. Ltd to manufacture HVDC Contactors and Relays in India. Recently, STML has also partnered with Zhejiang Meishuo Electric Technology Co. Ltd., China to locally manufacture Latching Relays for the energy sector, industrial grids, and other applications in India. These associations will drive import substitution and will align with the Atmanirbhar Bharat vision of Government of India and help in building a self-reliant ecosystem for the Electric Vehicles, Hybrid Electric Vehicles, Industrial and White Goods Industries. Moving ahead, we shall continue with our focus towards exploring new growth frontiers and delivering sustainable performance through both organic as well as strategic initiatives.” Result PDF