Sterling Tools

Sterling Tools has entered into a partnership with Landworld Technology Co. Ltd. to establish local production of on-board chargers and converters in India. This collaboration focuses on manufacturing key electric vehicle charging infrastructure components domestically.

Sterling Tools Limited reported a 31% year-on-year decline in consolidated revenue to ₹195 crores for Q1 FY26, primarily due to product in-sourcing by a key customer. Despite the overall automobile industry declining 5.1% in the quarter, the company's standalone fasteners business remained stable with new customer additions including Hyundai. The company is expanding its EV ecosystem portfolio through subsidiaries SGEM and STML. SGEM is working on 28 customer programs across various vehicle segments and secured its first DC/DC converter nomination from a leading e-CV OEM, with revenues expected by end of calendar year. The company has formed a strategic alliance with UK-based Advanced Electric Machines for rare earth magnet-free motors, expecting production to start in FY27. STML is completing construction of its Bangalore facility for high-voltage DC contactors, with commercial production expected in the second half of FY26. Management projects revenue recovery by end of FY27 and outlined total investments of ₹150-200 crores over the next 3 years across new businesses, with potential combined revenue of ₹500-1,000 crores depending on market penetration.

Sterling Tools Limited's Board of Directors approved unaudited financial results for the quarter ended June 30, 2025, showing revenue from operations of Rs. 16,110.86 lakhs and profit before tax of Rs. 1,485.51 lakhs. The company reported basic earnings per share of Rs. 3.05. The Board made several key appointments including Ms. Komal Malik as Company Secretary and Compliance Officer, and approved the re-appointment of Mr. Rakesh Batra as Non-Executive Independent Director for a five-year term starting November 10, 2025. The company re-appointed M/s Jitender Navneet & Co as Cost Auditors and appointed M/s Dhananjay Shukla & Associates as Secretarial Auditors for five years. The Board also approved a Rs. 20 crore equity investment in wholly-owned subsidiary Sterling Tech-Mobility Limited to support expansion into new automotive product lines. The 46th Annual General Meeting is scheduled for September 13, 2025, with book closure from September 7-13, 2025.