Sterling Tools Reports Q3 FY24-25 Results, Highlights Growth in Sales and Profitability

Sterling Tools, a small-cap player in the fasteners industry, has recently reported its financial results for the quarter ending December 2024. The company has demonstrated positive financial performance for Q3 FY24-25, although there has been an adjustment in its evaluation, with the score shifting to 10 from 24 over the past three months.
The financial data reveals that Sterling Tools achieved net sales of Rs 544.86 crore for the half-year, reflecting a year-on-year growth of 23.24%. This indicates a favorable near-term sales trend. Additionally, the profit after tax (PAT) for the same period stood at Rs 31.07 crore, marking a year-on-year increase of 21.44%, suggesting a positive trajectory in profitability.

On the operational front, the inventory turnover ratio reached its highest level at 6.87 times, showing consistent improvement in the company's ability to sell inventory efficiently over the last five half-year periods. However, the debtors turnover ratio has reached its lowest point at 7.34 times in the same timeframe, indicating a slowdown in the pace of settling debts.

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