Sterling Tools announced its unaudited results for the quarter ended 30th June 2016, following which the share price of the Company surged up by almost 7 per cent to make a new 52 week high of Rs 699.00. Sterling Tools share price is currently trading at Rs 663.00 up by 6.80 per cent. The share price opened with a gap up of almost 22 points at Rs 644.90 from a previous closing of Rs 620.80.
For the quarter ended 30th June 2016 the Total Income from operations for the Company is Rs 9,522.27 lacs. The Total expenses for the quarter ended 30th June 2016 has been recorded as Rs 7,947.17 lacs. The Profit/ (Loss) from Operations before Income, finance cost and expectational Items (1-2) is Rs 1,575.10 lacs. The Profit/ (Loss) from ordinary activities before Income, finance cost and expectational Items (3+4) is Rs 1,600.71 lacs. The Profit/ (Loss) from ordinary activities after Income, finance cost and expectoration Items (5-6) is Rs 1,441.77 lacs. The Profit/ (Loss) from ordinary activities before Tax (7-8) Rs 1,443.83 lacs. Net Profit/ (Loss) from ordinary activities after Tax (9-10) Rs 937.14 lacs. Net Profit/ (Loss) for the period (11-12) is Rs 937.14 lacs.
Sterling Tools is a public listed company that is engaged in the manufacturing as well as marketing of high tensile cold forged fasteners. STL was established in the year 1979. Over the years, the Company has become one of the leading OEM suppliers in India with a client base that spans leading automotive companies in India, Europe and USA.
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