Sterling Tools Result Update - Strong Operating Performance: Dolat Capital
Sterling Tools Ltd. (Source: Company website)

Sterling Tools Result Update - Strong Operating Performance: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Sterling Tools Ltd. reported strong operating performance in Q3 FY21.

Net revenue grew 31% YoY to Rs 1.1 billion, led by recovery in demand across original equipment manufacturer segments.

Ebitda was Rs 232 million (+67% YoY) with expanded margin (449 basis points year on year to 20.9%) due to a favorable product mix (increasing mix of CVs, cost control measures partly offset by higher RM prices.

We expect margin to taper off in coming quarter due to sharp increase RM prices.

Click on the attachment to read the full report:

Dolat Capital Sterling Tools Q3 FY21 Result Update.pdf

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