Sterling Tools Ltd posts consolidated profit of Rs. 13.91 crores in Q3FY23

Sterling Tools Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 208.4574 crores during the period ended December 31, 2022 as compared to Rs. 179.1285 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 13.9173 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 16.6018 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 3.86 for the period ended December 31, 2022 as compared to Rs. 4.61 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹208.4574 crs	₹179.1285 crs	16.37%
Net Profit	₹13.9173 crs	₹16.6018 crs	-16.17%
EPS	₹3.86	₹4.61	-16.27%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.208.4574 crores during the period ended December 31, 2022 as compared to Rs.122.4726 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.13.9173 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.5.46 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.3.86 for the period ended December 31, 2022 as compared to Rs.1.52 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹208.4574 crs	₹122.4726 crs	70.21%
Net Profit	₹13.9173 crs	₹5.46 crs	154.90%
EPS	₹3.86	₹1.52	153.95%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.562.2111 crores during the 9 Months period ended December 31, 2022 as compared to Rs.342.5169 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.40.0994 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.18.6531 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.11.13 for the 9 Months period ended December 31, 2022 as compared to Rs.5.18 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹562.2111 crs	₹342.5169 crs	64.14%
Net Profit	₹40.0994 crs	₹18.6531 crs	114.97%
EPS	₹11.13	₹5.18	114.86%

Shares of Sterling Tools Limited was last trading in BSE at Rs. 335.40 as compared to the previous close of Rs. 324.80. The total number of shares traded during the day was 22804 in over 1312 trades.

The stock hit an intraday high of Rs. 340.00 and intraday low of 316.45. The net turnover during the day was Rs. 7560918.00.

Source : Equity Bulls

Keywords

SterlingTools Q3FY23 9MFY23 ResultUpdate