Outcome of Board meeting held on 15 may 2026
STERTOOLS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Sterling Tools reported FY26 standalone revenue of Rs 71,672.27 lakhs (up 11.2% from Rs 64,478.34 lakhs) with PAT of Rs 6,420.21 lakhs (up 49.7% from Rs 4,286.97 lakhs). However, consolidated results show revenue declined to Rs 82,780.78 lakhs from Rs 1,02,629.95 lakhs, with a net loss of Rs 71.26 lakhs vs profit of Rs 5,829.31 lakhs last year, due to significant subsidiary losses. Exceptional item of Rs 949.64 lakhs from DMRC land compensation boosted standalone profits. The board recommended 137.5% dividend (Rs 2.75/share vs Rs 2.50/share last year). New CFO and Whole-Time Director Anish Agarwal appointed. Approved Rs 20 crore investment in wholly-owned e-mobility subsidiary Sterling E-Mobility Solutions via rights issue. Auditors issued unmodified opinion.
Standalone earnings are strong with 50% PAT growth and higher dividend, positive for shareholders. However, consolidated revenue decline and net loss due to subsidiary losses may weigh on investor sentiment. The Rs 20 crore e-mobility investment signals focus on EV segment despite near-term profitability pressure.