Sterling Tools

March 03,2021

Sterling Tools registered 31% growth in sales to Rs111.06 crore. Higher sales together with 450 bps expansion in operating profit margin to 20.9% the operating profit was up by 67% to Rs 23.23 crore. Other income was down by 5% to RS 1.37 crore and the interest cost was up by 5% to Rs 1.87 crore. The depreciation was up by 4% to Rs 6.72 crore. Thus the PBT was up by 125% to Rs 16.01 crore. With taxation stand higher by 75% to Rs 3.84 crore the PAT was up by 147% to Rs 12.17 crore.

Consolidated sales was up by 31% to Rs 111.17 crore. With OPM expand to 20.2% from 16.4% in corresponding previous period, the OP was up by 61% to Rs 22.49 crore. After accounting for lower OI, higher interest and depreciation, the PBT was up by 114% to Rs 15.30 crore. The share of profit from associate was a profit of Rs 0.06 crore compared to a loss of Rs 0.21 crore in the corresponding previous period. The PBT before EO was up by 122% to Rs 15.37 crore. The EO was nil for the quarter and corresponding previous period. The taxation was up by 76% to Rs 3.85 crore and thus the PAT was up by 143% to Rs 11.51 crore.

Nine monthperformance

Sales was down by 19% to Rs 226.53 crore and that with 120 bps expansion in OPM to 18.1%, the operating profit was down by 13% to Rs 40.96 crore. After accounting for lower OI, higher interest and higher depreciation the PBT was down by 33% to Rs 20 crore. EO expense was nil for the period and corresponding previous period. Thus PBT after EO was down by 33% to Rs 20 crore. With taxation stand lower by 43% to Rs 5.08 crore, the PAT was down by 29% to Rs 14.91 crore.

Consolidated sales was down by 19% to Rs 226.65 crore and with OPM expandby 40 bps to 17.3%, the OP was down by 17% to Rs 39.16 crore. Eventually the PAT was eventually lower by 36% to Rs 13 crore.

Sterling Tools : Standalone Results

 

2012 (3)1912 (3)Var. (%)2012 (9)1912 (9)Var. (%)2003 (12)1903 (12)Var. (%)
Sales 111.0684.8631226.53278.41-19364.24512.20-29
OPM (%)20.916.418.116.916.916.8
OP23.2313.946740.9647.08-1361.3885.94-29
Other inc.1.371.44-53.904.83-196.096.36-4
PBIDT24.6015.386044.8651.91-1467.4792.30-27
Interest1.871.7955.664.47266.263.6671
PBDT22.7313.596739.2047.44-1761.2088.64-31
Dep.6.726.48419.2117.66924.2219.0527
PBT 16.017.1112520.0029.77-3336.9969.59-47
EO Exp0.000.000.000.003.280.00
PBT after EO16.017.1112520.0029.77-3333.7069.59-52
Taxation3.842.19755.088.90-434.6524.73-81
PAT 12.174.9214714.9120.87-2929.0544.86-35
EPS (Rs)*####8.812.5
* EPS is on current equity of Rs 7.2048 crore, Face value of Rs2
# EPS is not annualised due to seasonality of business
Figures in Rs crore
Source: Capitaline Corporate Database

Sterling Tools : Consolidated Results

 

2012 (3)1912 (3)Var. (%)2012 (9)1912 (9)Var. (%)2003 (12)1903 (12)Var. (%)
Sales 111.1784.8631226.65278.41-19364.24512.20-29
OPM (%)20.216.417.316.916.716.8
OP22.4913.936139.1647.07-1760.8585.93-29
Other inc.1.421.48-44.054.95-186.246.54-5
PBIDT23.9115.415543.2152.02-1767.0992.47-27
Interest1.871.7955.664.47266.263.6671
PBDT22.0313.626237.5547.55-2160.8288.81-32
Dep.6.736.48419.2217.66924.2219.0527
PBT 15.307.1411418.3329.89-3936.6169.75-48
Share of profit from JV/Associates0.06-0.21-130-0.21-0.58-64-0.600.14-541
PBT before EO15.376.9312218.1229.31-3836.0169.89-48
EO Exp0.000.000.000.000.000.00
PBT after EO15.376.9312218.1229.31-3836.0169.89-48
Taxation3.852.19765.128.92-435.5024.77-78
PAT 11.514.7414313.0020.39-3630.5045.12-32
EPS (Rs)*####8.612.5
* EPS is on current equity of Rs 7.2048 crore, Face value of Rs2
# EPS is not annualised due to seasonality of business
Figures in Rs crore
Source: Capitaline Corporate Database

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