STERTOOLS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sterling Tools Limited has announced a final dividend of ₹2.75 per equity share (137.50% on face value of ₹2) for FY2025-26, subject to shareholder approval at the AGM. This is an increase from ₹2.50 per share paid in the previous year (FY2024-25), representing a 10% dividend growth. Standalone profit after tax for FY2026 rose to ₹6,420.21 lakhs, up 49.8% from ₹4,286.97 lakhs in FY2025. Standalone revenue from operations grew to ₹71,672.27 lakhs from ₹64,478.34 lakhs. The Board also approved appointment of Mr. Anish Agarwal as CFO and Whole-Time Director, and investment of up to ₹20 crore in Sterling E-Mobility Solutions Limited, the wholly-owned subsidiary.
The 10% increase in dividend reflects strong financial performance with near 50% growth in PAT. Shareholders can expect positive sentiment around consistent dividend growth and the company's strategic focus on e-mobility through subsidiary investment.