Q1 FY27 results: standalone PAT up 48%; Rs 15 cr invested in subsidiary
STERTOOLS · price
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Sterling Tools posted Q1 FY27 standalone revenue of Rs 199.4 cr, up from Rs 161.1 cr YoY. Standalone PAT rose to Rs 16.4 cr from Rs 11 cr. Consolidated revenue grew to Rs 214.1 cr but PAT fell to Rs 5.86 cr from Rs 8.99 cr, pulled down by losses at subsidiaries. Board approved Rs 15 cr rights issue investment in wholly owned subsidiary Sterling Tech-Mobility for working capital. Appointed M/s Jitender Navneet and Co as cost auditor for FY27. 47th AGM fixed for 4 Sept, final dividend recommended at Rs 2.75 per share, up from Rs 2.5.
Strong standalone Q1 with revenue and PAT both up sharply YoY, but consolidated profits hit by subsidiary losses. Rs 15 cr infusion signals confidence in e-mobility arm. Final dividend raised to Rs 2.75 per share.