STERTOOLS2024-07-012024-09-30 STERTOOLS2024-07-012024-09-30 STERTOOLS2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member STERTOOLS2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member STERTOOLS2024-09-30 STERTOOLS2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member STERTOOLS2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member STERTOOLS2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member STERTOOLS2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 530759 STERTOOLS NOTLISTED Sterling Tools Limited Equity 2024-04-01 2025-03-31 2024-11-14 2024-11-07 INR Lakhs Half yearly 13:00:00 14:00:00 2024-11-14 2024-11-14 true Cash Flow Indirect Not applicable Single segment FASTENERS 2024-07-01 2024-09-30 Unaudited Consolidated 2839818000.00 19247000.00 2859065000.00 1329470000.00 0.00 55884000.00 239499000.00 24094000.00 86741000.00 892867000.00 2628555000.00 230510000.00 0.00 230510000.00 53407000.00 2370000.00 55777000.00 0.00 174733000.00 0.00 0.00 0.00 0.00 174733000.00 -16716000.00 158017000.00 174733000.00 0.00 -16716000.00 0.00 72048000.00 2 4.85 4.81 0.00 0.00 4.85 4.81 Notes 1. The consolidated financial results of Sterling Tools Limited, the Holding Company, for the quarter and six months ended 30 September 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 14 November 2024. The statutory auditors of the Holding Company have conducted a limited review of these consolidated financial results. 2. The above results have been prepared in accordance with the recognition and measurement principles of applicable Indian Accounting Standards Ind AS as notified under the Companies Indian Accounting Standards Rules 2015 as amended, as specified under section 133 of the Companies Act 2013, other accounting principles generally accepted in India and in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulation 2015 as amended. 3. The Group is primarily in the business of manufacturing of automotive components which falls within a single business segment in terms of the Indian Accounting Standard 108 Operating Segments and accordingly there are no reportable segments. 4. The shareholders of the Holding Company in its Annual General Meeting held on 13 September 2024 had approved final dividend of Rs 2 per share face value of Rs 2 per share for the financial year 2023-24. 5. Exceptional items include Particulars Corresponding three months Year to date figures for previous Year ended ended 30.09.2023 period ended 30 .09.2023 31.03.2024 a Insurance claim 60.10 60.10 60.10 b Interest - - 20.39 20.39 Total 60.10 39.71 39.71 a pertains to insurance claim received from an insurance company on account of a fire incident in an earlier year at one of the Company's manufacturing facility. b pertains to estimated interest liability recognised by the Company on proposed foreclosure of authorisation license under Export Promotion Capital Goods EPCG scheme. 6. The Board of Directors of the Holding Company had considered and approved the amalgamation of Haryana Ispat Private Limited, a wholly owned subsidiary, by way of a scheme of amalgamation in its meeting dated 1 February 2024. Thereafter, the scheme has been filed at the Delhi Bench of the Hon'able National Company Law Tribunal the NCLT and the approval of the NCLT is awaited. 7. The Holding Company, during the period, has acquired two wholly owned subsidiaries namely Sterling E-Mobility Private Limited and Sterling Tech-Mobility Limited on 28 June 2024 and has formed one wholly owned subsidiary namely Sterling Overseas Pte Ltd in Singapore on 23 September 2024. 8. Previous period figures have been regrouped or reclassified where necessary to conform to the current period classification. The impact of such reclassification or regrouping is not material to these consolidated financial results. Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 5656618000.00 39079000.00 5695697000.00 2861618000.00 0.00 20442000.00 462808000.00 47963000.00 163559000.00 1669485000.00 5225875000.00 469822000.00 0.00 469822000.00 119304000.00 -8301000.00 111003000.00 0.00 358819000.00 0.00 0.00 0.00 0.00 358819000.00 -18336000.00 340483000.00 358819000.00 0.00 -18336000.00 0.00 72048000.00 2 9.96 9.89 0.00 0.00 9.96 9.89 Other Expenses 892867000.00 Other Expenses 1669485000.00 0.00 2795331000.00 107342000.00 0.00 0.00 10826000.00 26050000.00 0.00 0.00 93397000.00 0.00 0.00 57426000.00 150823000.00 36728000.00 80786000.00 3207886000.00 1553481000.00 50024000.00 1453771000.00 125137000.00 890974000.00 404000.00 8737000.00 2529047000.00 0.00 348641000.00 4431169000.00 0.00 0.00 7639055000.00 72048000.00 4728013000.00 4800061000.00 4800061000.00 263076000.00 0.00 48408000.00 311484000.00 220122000.00 143260000.00 0.00 83485000.00 758351000.00 1038089000.00 736485000.00 91919000.00 1866493000.00 159906000.00 44429000.00 9815000.00 0.00 2080643000.00 0.00 0.00 2838994000.00 7639055000.00 47963000.00 53812000.00 -564100000.00 0.00 -62342000.00 205000.00 1354000.00 164000.00 -259000.00 -12683000.00 0.00 -53170000.00 5166000.00 163559000.00 0.00 -2149000.00 -74543000.00 43066000.00 0.00 3158000.00 0.00 31819000.00 60845000.00 -24000.00 0.00 -124000.00 326744000.00 0.00 0.00 -95177000.00 374645000.00 0.00 0.00 0.00 102475000.00 0.00 272170000.00 0.00 0.00 573797000.00 620000000.00 0.00 0.00 0.00 0.00 0.00 292819000.00 17936000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27065000.00 0.00 -83292000.00 0.00 -377313000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 268499000.00 127758000.00 3570000.00 0.00 71628000.00 81423000.00 0.00 0.00 -15880000.00 -121023000.00 -1000.00 -121024000.00 246161000.00 125137000.00 Items that will not be reclassified to the statement of profit and loss -24162000.00 Items that will not be reclassified to the statement of profit and loss -26323000.00 -24162000.00 -26323000.00 -7447000.00 -7988000.00 Items that will be reclassified to the statement of profit and loss -1000.00 Items that will be reclassified to the statement of profit and loss -1000.00 -1000.00 -1000.00 0.00 0.00