Budget News

Sterling Tools
March 03,2021 22:46

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 111.06 84.86 31 226.53 278.41 -19 364.24 512.20 -29
OPM (%) 20.9 16.4 18.1 16.9 16.9 16.8
OP 23.23 13.94 67 40.96 47.08 -13 61.38 85.94 -29
Other inc. 1.37 1.44 -5 3.90 4.83 -19 6.09 6.36 -4
PBIDT 24.60 15.38 60 44.86 51.91 -14 67.47 92.30 -27
Interest 1.87 1.79 5 5.66 4.47 26 6.26 3.66 71
PBDT 22.73 13.59 67 39.20 47.44 -17 61.20 88.64 -31
Dep. 6.72 6.48 4 19.21 17.66 9 24.22 19.05 27
PBT 16.01 7.11 125 20.00 29.77 -33 36.99 69.59 -47
EO Exp 0.00 0.00 0.00 0.00 3.28 0.00
PBT after EO 16.01 7.11 125 20.00 29.77 -33 33.70 69.59 -52
Taxation 3.84 2.19 75 5.08 8.90 -43 4.65 24.73 -81
PAT 12.17 4.92 147 14.91 20.87 -29 29.05 44.86 -35
EPS (Rs)* # # # # 8.8 12.5
* 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 111.17 84.86 31 226.65 278.41 -19 364.24 512.20 -29
OPM (%) 20.2 16.4 17.3 16.9 16.7 16.8
OP 22.49 13.93 61 39.16 47.07 -17 60.85 85.93 -29
Other inc. 1.42 1.48 -4 4.05 4.95 -18 6.24 6.54 -5
PBIDT 23.91 15.41 55 43.21 52.02 -17 67.09 92.47 -27
Interest 1.87 1.79 5 5.66 4.47 26 6.26 3.66 71
PBDT 22.03 13.62 62 37.55 47.55 -21 60.82 88.81 -32
Dep. 6.73 6.48 4 19.22 17.66 9 24.22 19.05 27
PBT 15.30 7.14 114 18.33 29.89 -39 36.61 69.75 -48
Share of profit from JV/Associates 0.06 -0.21 -130 -0.21 -0.58 -64 -0.60 0.14 -541
PBT before EO 15.37 6.93 122 18.12 29.31 -38 36.01 69.89 -48
EO Exp 0.00 0.00 0.00 0.00 0.00 0.00
PBT after EO 15.37 6.93 122 18.12 29.31 -38 36.01 69.89 -48
Taxation 3.85 2.19 76 5.12 8.92 -43 5.50 24.77 -78
PAT 11.51 4.74 143 13.00 20.39 -36 30.50 45.12 -32
EPS (Rs)* # # # # 8.6 12.5
* 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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	2012 (3)	1912 (3)	Var. (%)	2012 (9)	1912 (9)	Var. (%)	2003 (12)	1903 (12)	Var. (%)
Sales	111.06	84.86	31	226.53	278.41	-19	364.24	512.20	-29
OPM (%)	20.9	16.4		18.1	16.9		16.9	16.8
OP	23.23	13.94	67	40.96	47.08	-13	61.38	85.94	-29
Other inc.	1.37	1.44	-5	3.90	4.83	-19	6.09	6.36	-4
PBIDT	24.60	15.38	60	44.86	51.91	-14	67.47	92.30	-27
Interest	1.87	1.79	5	5.66	4.47	26	6.26	3.66	71
PBDT	22.73	13.59	67	39.20	47.44	-17	61.20	88.64	-31
Dep.	6.72	6.48	4	19.21	17.66	9	24.22	19.05	27
PBT	16.01	7.11	125	20.00	29.77	-33	36.99	69.59	-47
EO Exp	0.00	0.00		0.00	0.00		3.28	0.00
PBT after EO	16.01	7.11	125	20.00	29.77	-33	33.70	69.59	-52
Taxation	3.84	2.19	75	5.08	8.90	-43	4.65	24.73	-81
PAT	12.17	4.92	147	14.91	20.87	-29	29.05	44.86	-35
EPS (Rs)*	#	#		#	#		8.8	12.5
* 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