Q2 and H1 results approved; CFO resigns, new CFO appointed
Board meeting on 27 October 2026 approved unaudited standalone and consolidated results for the second quarter and half year ended 30 September 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 25,035.36 | 20,790.74 | +20.4% | 21,407.13 | +16.9% |
| Total income | 25,264.11 | 21,089.84 | +19.8% | 21,660.43 | +16.6% |
| Profit before tax | 868.90 | 2,392.27 | −63.7% | 1,285.53 | −32.4% |
| Profit after tax | 296.68 | 1,718.57 | −82.7% | 585.82 | −49.4% |
| Total comprehensive income | 314.53 | 1,711.41 | −81.6% | 603.48 | −47.9% |
| Basic EPS | 0.82 | 4.75 | −82.7% | 1.61 | −49.1% |
- Profit after tax YoY change
- −82.7%
- Period
- Three months ended 30 September 2026
Also decided at the meeting
- Mr. Anish Agarwal resigned as Chief Financial Officer with effect from 26th October, 2026.
- Mr. Amit Dhadda appointed as Chief Financial Officer and KMP with effect from 27th October, 2026.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional items for quarter and six months ended 30 September 2025 and year ended 31 March 2026: enhanced compensation of ₹ 949.64 lakhs (incl. interest ₹622.45 lakhs) received from DMRC for land acquired earlier.
- Shareholders at AGM on 4 September 2026 approved final dividend of Rs 2.75 per share (face value Rs 2) for FY 2025-26.
What the board approved
The board, at its meeting on 27 October 2026, approved the unaudited financial results (standalone and consolidated) for the second quarter and half year ended 30 September 2026, and took on record the limited review report of the statutory auditors, Walker Chandiok & Co LLP. The company is mainly in the business of manufacturing fasteners (automotive components), a single business segment.
CFO change
- Mr. Anish Agarwal resigned from the post of Chief Financial Officer with effect from 26 October 2026.
- The board approved the appointment of Mr. Amit Dhadda as Chief Financial Officer and Key Managerial Personnel with effect from 27 October 2026, on the recommendation of the Nomination and Remuneration Committee and the Audit Committee.
Auditor's review conclusion
Based on its review, the auditor stated that nothing has come to its attention that causes it to believe that the statement, prepared in accordance with Ind AS 34 and other accounting principles generally accepted in India, has not disclosed the information required under Regulation 33 or that it contains any material misstatement. A review is substantially less in scope than an audit.
Standalone numbers (₹ in lakhs)
- Revenue from operations: 22,589.34 in Q2 FY27, against 16,993.06 in Q2 FY26
- Total income: 22,798.31, against 17,218.76
- Profit before tax: 1,769.06, against 2,609.93
- Profit for the period: 1,363.07, against 1,979.86
- Six months ended 30 September 2026: Total income 42,983.82; Profit for the period 3,003.32
- Basic earnings per share: 3.75, against 5.47
The exceptional item in the year-ago period: the quarter and six months ended 30 September 2025 (and the year ended 31 March 2026) included exceptional items of 949.64 lakhs, being enhanced compensation from Delhi Metro Rail Corporation, including interest of 622.45 lakhs, received against land acquired by DMRC in an earlier year.
Consolidated numbers (₹ in lakhs)
- Revenue from operations: 25,035.36 in Q2 FY27, against 20,790.74 in Q2 FY26
- Total income: 25,264.11, against 21,089.84
- Profit before tax: 868.90, against 2,392.27
- Profit for the period: 296.68, against 1,718.57
- Six months ended 30 September 2026: Total income 46,924.54; Profit for the period 882.49
- Basic earnings per share: 0.82, against 4.75
Dividend already approved by shareholders
At the Annual General Meeting held on 4 September 2026, shareholders approved a final dividend of Rs 2.75 per share (face value of Rs 2 per share) for the financial year 2025-26.
What a retail investor may track
- The CFO transition coincides with the results; the outgoing CFO's resignation takes effect 26 October 2026 and the new CFO's appointment from 27 October 2026.
- The year-ago quarter carried the one-time DMRC compensation item, which sits in the comparative figures.
- Standalone cash flow for the half year shows net cash used in operating activities of 582.05 lakhs, against net cash generated from operating activities of 4,170.05 lakhs in the same period last year.
- Standalone borrowings on the balance sheet: current 12,438.78 lakhs (31 March 2026: 7,829.18) and non-current 2,935.44 lakhs (31 March 2026: 1,222.87).
Also from Sterling Tools
Sterling Tools makes available audio recording of Q2 & H1 FY27 earnings conference call held 28 October 2026
28 Oct 2026
Record half-yearly revenue and EBITDA; profit after tax nearly flat on prior-year one-time gain
27 Oct 2026
Sterling Tools Q2 FY27: standalone income up 32.4%, consolidated PAT down 82.7% as input costs bite; FY27 capex raised to about ₹135 crore
27 Oct 2026
More numbers
- Standalone Revenue from operations, Q2 FY27 (₹ in lakhs)22,589.34
- Standalone Profit for the period, Q2 FY27 (₹ in lakhs)1,363.07
- Consolidated Total income, six months ended 30 Sep 2026 (₹ in lakhs)46,924.54
- Exceptional item, enhanced compensation from DMRC (₹ in lakhs)949.64
- Final dividend per share for FY 2025-26Rs 2.75 per share
- Total income, latest quarter25,264.11 (₹ in lakhs)
- Total income, year-ago quarter21,089.84 (₹ in lakhs)
- Total income, previous quarter21,660.43 (₹ in lakhs)
- Total comprehensive income, latest quarter314.53 (₹ in lakhs)
- Total comprehensive income, year-ago quarter1,711.41 (₹ in lakhs)
- Total comprehensive income, previous quarter603.48 (₹ in lakhs)
- Profit after tax, latest quarter296.68 (₹ in lakhs)
- Profit after tax, year-ago quarter1,718.57 (₹ in lakhs)
- Profit after tax, previous quarter585.82 (₹ in lakhs)
- Revenue from operations, latest quarter25,035.36 (₹ in lakhs)
- Revenue from operations, year-ago quarter20,790.74 (₹ in lakhs)
- Revenue from operations, previous quarter21,407.13 (₹ in lakhs)
- Profit before tax, latest quarter868.90 (₹ in lakhs)
- Profit before tax, year-ago quarter2,392.27 (₹ in lakhs)
- Profit before tax, previous quarter1,285.53 (₹ in lakhs)
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