Key Financial Highlights - Standalone

Q2 FY27 Performance (Quarter ended 30th September 2026):

  • Total Income: ₹228.0 crore, representing 32.4% YoY growth (record quarterly performance)
  • EBITDA: ₹27.7 crore, representing 8.2% YoY growth
  • EBITDA Margin: 12.1%
  • Profit Before Exceptional Items and Tax: ₹17.7 crore, representing 6.6% YoY growth
  • Profit After Tax: ₹13.6 crore (compared to ₹19.8 crore in Q2FY26 which included exceptional gain of ₹9.5 crore)

H1 FY27 Performance (Half Year ended 30th September 2026):

  • Total Income: ₹429.8 crore, representing 28.2% YoY growth (highest-ever half-yearly performance)
  • EBITDA: ₹58.7 crore, representing 17.3% YoY growth (record half-yearly performance)
  • EBITDA Margin: 13.7%
  • Profit Before Exceptional Items and Tax: ₹39.7 crore, representing 26.0% YoY growth
  • Profit After Tax: ₹30.0 crore (compared to ₹30.8 crore in H1FY26 which included exceptional gain)

Key Financial Highlights - Consolidated

Q2 FY27 Performance:

  • Total Income: ₹252.6 crore, representing 19.8% YoY growth
  • Adjusted EBITDA: ₹23.0 crore
  • Profit After Tax: ₹3.0 crore

H1 FY27 Performance:

  • Total Income: ₹469.2 crore, representing 15.6% YoY growth
  • Adjusted EBITDA: ₹49.0 crore
  • Profit After Tax: ₹8.8 crore

Operational & Business Highlights

Fasteners Business Performance:

  • Remained primary growth driver with stronger traction in commercial vehicle segment
  • Higher volumes from marquee OEM customers
  • Outperformed industry growth on both quarterly and half-yearly basis
  • Capacity expansion underway across manufacturing units to meet rising customer demand

Sterling E-Mobility Limited (SEM) Performance:

  • H1FY27 revenue: Approximately ₹37 crore
  • Driven by higher volumes and new customer additions in commercial vehicle and light commercial vehicle segments
  • Commissioned production lines for onboard chargers and multi-function units
  • Marked significant step in broadening power electronics portfolio

Sterling Tech-Mobility Limited (STML) Performance:

  • Commenced commercial supplies of high-voltage DC contactors and relays
  • Marked key milestone in product commercialization
  • Strengthened company's presence in electric vehicle ecosystem

Management Commentary

Mr. Atul Aggarwal, Managing Director, commented:

  • Performance reflected stronger customer relationships and disciplined execution
  • Margin impact due to exhaustion of low-cost inventory (completed in Q1FY27) and higher commodity/non-commodity input costs compounded by West Asia conflict
  • Established OEM pricing arrangements provide for pass-through of cost increases with time lag
  • Expected margin improvement over coming quarters as higher costs are progressively passed on to customers
  • Enhanced FY27 capital expenditure plan to approximately ₹135 crore across businesses
  • Fasteners business provides strong foundation supported by customer diversification and capacity investments

Management Changes

  • Appointed Mr. Amit Dhadda as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP)
  • Effective date: October 27, 2026
  • Continues existing role as Vice President, Finance & Accounts
  • Brings nearly three decades of experience in finance, compliance, fundraising and corporate governance