Sterling Tools consolidated Q2FY23 PAT higher at Rs. 16.60 crores

Sterling Tools Limited has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 179.1285 crores during the period ended September 30, 2022 as compared to Rs. 174.6252 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 16.6018 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 9.5802 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 4.61 for the period ended September 30, 2022 as compared to Rs. 2.66 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹179.1285 crs	₹174.6252 crs	2.58%
Net Profit	₹16.6018 crs	₹9.5802 crs	73.29%
EPS	₹4.61	₹2.66	73.31%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs.179.1285 crores during the period ended September 30, 2022 as compared to Rs.129.3345 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.16.6018 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.10.0658 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.4.61 for the period ended September 30, 2022 as compared to Rs.2.79 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹179.1285 crs	₹129.3345 crs	38.50%
Net Profit	₹16.6018 crs	₹10.0658 crs	64.93%
EPS	₹4.61	₹2.79	65.23%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.353.7537 crores during the 6 Months period ended September 30, 2022 as compared to Rs.220.0444 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.26.1821 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.13.1932 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.7.27 for the 6 Months period ended September 30, 2022 as compared to Rs.3.66 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹353.7537 crs	₹220.0444 crs	60.76%
Net Profit	₹26.1821 crs	₹13.1932 crs	98.45%
EPS	₹7.27	₹3.66	98.63%

Shares of Sterling Tools Limited was last trading in BSE at Rs. 251.25 as compared to the previous close of Rs. 254.05. The total number of shares traded during the day was 1500 in over 191 trades.

The stock hit an intraday high of Rs. 259.00 and intraday low of 249.70. The net turnover during the day was Rs. 380111.00.

Source : Equity Bulls

Keywords

SterlingTools Q2FY23 H1FY23 ResultUpdate