Summary of Key Information:

Reporting Period: Second quarter and half year ended 30th September 2026

Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 and 33 of SEBI Listing Regulations

Audit Opinion:

Clean opinion - The statutory auditors, Walker Chandiok & Co LLP, conducted a limited review and stated: "Based on our review conducted as above nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."

Key Financial Highlights [in lakhs]:

Standalone Results:

Quarter Ended 30 September 2026:

  • Revenue from Operations: ₹22,589.34 (vs ₹16,993.06 in Q2 FY26 - +33% YoY; vs ₹19,940.17 in Q1 FY26)
  • Total Income: ₹22,798.31
  • Net Profit: ₹1,363.07 (vs ₹1,979.86 in Q2 FY26; vs ₹1,640.25 in Q1 FY26)
  • EPS: Basic ₹3.75, Diluted ₹3.73

Half Year Ended 30 September 2026:

  • Revenue from Operations: ₹42,529.51 (vs ₹33,103.92 in H1 FY26)
  • Total Income: ₹42,983.82
  • Net Profit: ₹3,003.32 (vs ₹3,084.79 in H1 FY26)
  • EPS: Basic ₹8.26, Diluted ₹8.22

Standalone Balance Sheet (as at 30 September 2026):

  • Cash and Cash Equivalents: ₹527.04 (vs ₹3,452.63 as at 31 March 2026)
  • Other Equity: ₹54,320.72 (vs ₹52,123.56 as at 31 March 2026)
  • Total Borrowings: ₹15,374.22 (Non-current: ₹2,935.44; Current: ₹12,438.78)
  • Total Assets: ₹78,531.47 (vs ₹69,774.90 as at 31 March 2026)

Consolidated Results:

Quarter Ended 30 September 2026:

  • Revenue from Operations: ₹25,035.36 (vs ₹20,790.74 in Q2 FY26; vs ₹21,407.13 in Q1 FY26)
  • Total Income: ₹25,264.11
  • Net Profit Attributable to Owners: ₹296.68 (vs ₹1,718.57 in Q2 FY26; vs ₹585.82 in Q1 FY26)
  • EPS: Basic ₹0.82, Diluted ₹0.81

Half Year Ended 30 September 2026:

  • Revenue from Operations: ₹46,442.49 (vs ₹39,998.85 in H1 FY26)
  • Total Income: ₹46,924.54
  • Net Profit Attributable to Owners: ₹882.49 (vs ₹2,617.44 in H1 FY26)
  • EPS: Basic ₹2.43, Diluted ₹2.41

Consolidated Balance Sheet (as at 30 September 2026):

  • Cash and Cash Equivalents: ₹733.50 (vs ₹4,841.36 as at 31 March 2026)
  • Other Equity: ₹51,963.09 (vs ₹51,898.17 as at 31 March 2026)
  • Total Borrowings: ₹18,917.12 (Non-current: ₹3,491.01; Current: ₹15,426.11)
  • Total Assets: ₹88,731.27 (vs ₹82,111.45 as at 31 March 2026)

Segment-wise Performance:

The Company and Group are primarily in the business of manufacturing automotive components which falls within a single business segment in terms of Ind AS 108 - Operating Segments. Accordingly, there are no reportable segments.

Corporate Actions:

Dividend: The shareholders approved final dividend of ₹2.75 per share (face value of ₹2 per share) for FY 2025-26 at the Annual General Meeting held on 4 September 2026.

Other Significant Information:

Exceptional Items: For Q2 and H1 ended 30 September 2025 and previous year ended 31 March 2026, represents enhanced compensation amounting to ₹949.64 lakhs (including interest of ₹622.45 lakhs) received from Delhi Metro Rail Corporation (DMRC) against land acquired by DMRC in an earlier year.

Subsidiaries Included in Consolidation:

  • Sterling E-Mobility Solutions Limited (formerly Sterling Gtake E-Mobility Limited)
  • Sterling Advanced Electric Machines Private Limited
  • Sterling E-Mobility Private Limited
  • Sterling Tech-Mobility Limited
  • Sterling Overseas Pte. Limited

Auditor Qualification: The review report notes reliance on other auditors for two subsidiaries (total assets ₹24,203.82 lakhs) and unreviewed financial information for three subsidiaries (total assets ₹16.70 lakhs).