Record half-yearly revenue and EBITDA; profit after tax nearly flat on prior-year one-time gain
Highest-ever half-yearly top-line: standalone total income ₹429.8 crore, up 28.2% YoY.
By ScoutQuest · · 2 min read
- H1 total income (standalone)
- ₹429.8 crore, up 28.2% YoY
- H1 EBITDA (standalone)
- ₹58.7 crore, up 17.3% YoY
- H1 PAT
- ₹30.0 crore vs ₹30.8 crore in H1FY26 (last year included ₹9.5 crore exceptional gain)
Record top-line and EBITDA for the half year
Sterling Tools reported its highest-ever standalone half-yearly total income and EBITDA for the half year ended 30th September 2026, along with a record standalone quarterly top-line for Q2FY27. The company said it outpaced industry growth on both a quarterly and half-yearly basis.
- H1FY27 standalone total income: ₹429.8 crore, up 28.2% year-on-year
- Q2FY27 standalone total income: ₹228.0 crore, up 32.4% year-on-year
- H1FY27 standalone EBITDA: ₹58.7 crore, up 17.3% year-on-year
- Q2FY27 standalone EBITDA: ₹27.7 crore, up 8.2% year-on-year
The company attributed the growth to stronger traction in the commercial vehicle segment and higher volumes.
Margins under pressure
EBITDA margins stood at 13.7% for H1FY27 and 12.1% for Q2FY27. The company said margins were impacted by higher commodity and non-commodity input costs amid the West Asia conflict, and by the exhausting of earlier low-cost inventory, largely completed in Q1FY27. It expects its pass-through mechanism with original equipment manufacturers to support margin recovery as higher input costs are progressively passed on, though recoveries involve a time lag.
Profit before exceptional items and tax
- H1FY27: ₹39.7 crore, up 26.0% year-on-year
- Q2FY27: ₹17.7 crore, up 6.6% year-on-year
Profit after tax
- H1FY27: ₹30.0 crore, compared with ₹30.8 crore in H1FY26
- Q2FY27: ₹13.6 crore, compared with ₹19.8 crore in Q2FY26
The company noted that profit after tax for Q2 and H1FY26 included an exceptional gain of ₹9.5 crore.
Consolidated picture
- H1FY27 total income: ₹469.2 crore, up 15.6% year-on-year
- Q2FY27 total income: ₹252.6 crore, up 19.8% year-on-year
- H1FY27 adjusted EBITDA: ₹49.0 crore; Q2FY27 adjusted EBITDA: ₹23.0 crore
- H1FY27 profit after tax: ₹8.8 crore; Q2FY27 profit after tax: ₹3.0 crore
Business developments
- The fasteners business remained the primary growth driver, supported by stronger traction in the commercial vehicle segment and higher volumes from a marquee OEM.
- Capacity expansion is underway across manufacturing units to meet rising customer demand.
- Sterling E-Mobility (SEM) commissioned production lines for on-board chargers and multi-function units, and recorded revenue of approximately ₹37 crore in H1FY27, driven by higher volumes and new customer additions in the commercial vehicle and light commercial vehicle segments.
- Sterling Tech-Mobility (STML) commenced commercial supplies of high-voltage DC contactors and relays.
- The FY27 capital expenditure plan has been enhanced to approximately ₹135 crore across businesses.
Management change
Mr. Amit Dhadda has been appointed Chief Financial Officer and Key Managerial Personnel, effective October 27, 2026, alongside his existing role as Vice President, Finance & Accounts. The company cited nearly three decades of experience in finance, compliance, fundraising and corporate governance.
What a retail investor may take away
The update points to strong volume-led revenue growth and a record half-yearly operating profit, with management expecting margins to improve over the coming quarters as higher input costs are passed through. Profit after tax for the half year was broadly flat year-on-year, while the year-ago period included a one-time exceptional gain.
Also from Sterling Tools
Sterling Tools makes available audio recording of Q2 & H1 FY27 earnings conference call held 28 October 2026
28 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
CFO change: Anish Agarwal resigns, Amit Dhadha appointed; Q2 results approved
27 Oct 2026
More numbers
- H1FY27 standalone total income₹429.8 crore
- Q2FY27 standalone total income₹228.0 crore
- H1FY27 standalone EBITDA₹58.7 Crore
- H1FY27 standalone profit after tax₹30.0 crore
- H1FY27 consolidated total income₹469.2 crore
- H1FY27 standalone total income growth YoY28.2%
- FY27 capital expenditure plan₹135 crore
- Sterling E-Mobility revenue in H1FY27₹37 crore
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