Auto Parts & Equipment company Sterling Tools announced H1FY25 & Q2FY25 results Standalone Financiial Highlights: Q2FY25: Total income grew by 8.4% YoY to Rs 168.4 crore in Q2FY25 as against Rs 155.4 crore in Q2FY24. EBITDA increased by 11.9% YoY to Rs 25.3 crore as compared to Rs 22.7 crore in Q2FY24. EBITDA margin increased to 15.0% in Q2FY25 as against 14.6% in Q2FY24. Profit after tax witnessed a growth of 19.4% YoY to Rs 11.9 crore in Q2FY25 as compared to Rs 10.0 crore in Q2FY24. Profit after tax margin increased by 70 bps YoY to 7.1% in Q2FY25 as against 6.4% in Q2FY24. H1FY25: Total income grew by 9.0% YoY to Rs 331.3 crore in H1FY25 as against Rs 304.0 crore in H1FY24. EBITDA increased by 13.2% YoY to Rs 49.4 crore as compared to Rs 43.6 crore in H1FY24. EBITDA margin stood at 14.9% in H1FY25 as against 14.3% in H1FY24, an increase of 60 bps YoY. Profit after tax witnessed a growth of 29.1% YoY to Rs 23.3 crore in H1FY25 as compared to Rs 18.0 crore in H1FY24. Profit after tax margin increased by 110 bps YoY to 7.0% in H1FY25 as against 5.9% in H1FY24. Consolidated Financiial Highlights: Q2FY25: Total income grew by 35.2% YoY to Rs 285.9 crore in Q2FY25 as against Rs 211.5 crore in Q2FY24. EBITDA increased by 28.2% YoY to Rs 34.1 crore compared to Rs 26.6 crore in Q2FY24. EBITDA margin stood at 11.9% in Q2FY25. Profit after tax witnessed a growth of 40.0% YoY to Rs 17.5 crore in Q2FY25 compared to Rs 12.5 crore in Q2FY24. Profit after tax margin stood at 6.1% in Q2FY25. H1FY25: Total income grew by 31.1% YoY to Rs 569.6 crore in H1FY25 as against Rs 434.4 crore in H1FY24. EBITDA increased by 25.9% YoY to Rs 68.1 crore compared to Rs 54.1 crore in H1FY24. EBITDA margin stood at 12.0% in H1FY25. Profit after tax witnessed a growth of 40.5% YoY to Rs 35.9 crore in H1FY25 compared to Rs 25.5 crore in H1FY24. Profit after tax margin stood at 6.3% in H1FY25. Atul Aggarwal, Managing Director of Sterling Tools, said: “We are pleased to report another strong operational performance across key financial and strategic parameters for the first half of the fiscal year. Total income increased by 31.1% YoY, reaching Rs 569.6 crore in H1FY25. This robust growth was primarily driven by the continued strength of our SGEM business, which has made significant strides. The revenue share of SGEM in the overall mix has grown to 42% in H1FY25, compared to 30% in the same period last year. Our EBITDA rose by 25.9% year-on-year to Rs 68.1 crore, driven by a combination of higher turnover and operational leverage. We are excited to announce our strategic partnership with Kunshan GLVAC Yuantong New Energy Technology Co., Ltd (GLVAC YT), a leading Chinese player in the EV and Hybrid EV market space. This collaboration will focus on manufacturing high-voltage DC contactors and relays in India for Electric and Hybrid Vehicles, a critical segment in the rapidly growing EV & HEV market space. As we navigate these exciting times, we remain focused on innovating new products, expanding our margins, and strengthening relationships with our clients. Our strategic initiatives, including the collaboration with Yongin and now GLVAC YT, position us as a leader in the development of electronics & electrical components, particularly in the EV and hybrid vehicle markets. We are well-positioned to capitalize on the current momentum and are fully prepared to seize upcoming opportunities, ensuring sustainable and robust performance moving forward.” Result PDF