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STERTOOLS · price
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Sterling Tools Limited reported strong standalone FY26 results with revenue of ₹71,672 lakhs (up 11% YoY) and PAT of ₹6,420 lakhs (up 50% YoY), driven by higher volumes and operating efficiency. The Board recommended a 137.50% dividend (₹2.75 per share), up from ₹2.50 last year. An exceptional income of ₹949.64 lakhs was recognized from enhanced DMRC land compensation. However, consolidated performance declined significantly to PAT of ₹2,933 lakhs (vs ₹5,829 lakhs) due to ₹3,147 lakhs net loss from subsidiaries (primarily e-mobility ventures). The company appointed Mr. Anish Agarwal as CFO and Whole-Time Director, and approved up to ₹20 crore investment in its e-mobility subsidiary. Cash flow from operations remained robust at ₹8,336 lakhs (standalone).
Standalone performance is strong with 50% PAT growth, but the consolidated picture is weaker due to e-mobility subsidiary losses weighing on group profits. The dividend increase signals confidence. Investment in e-mobility subsidiary indicates strategic focus on new growth areas despite near-term profitability drag.