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Dolat Capital Report
Sterling Tools Ltd.’s reported strong operating performance in Q2 FY21.
Net revenue grew 6.7% YoY to Rs 952 million, led by recovery in demand from two-wheeler and passenger vehicle original equipments manufacturers segment.
Ebitda was Rs 226 million (up 54% YoY) with margin growth of 732 basis points YoY to 23.7% due to a favorable product mix, one off benefit of low cost inventory, salary cuts taken by top management and cost control measures.
The company’s addition of Hyundai to its new customer list will lead to incremental revenues from FY22.
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