Sterling Tools earnings calls.

Sterling Tools delivered a strong FY26 in its standalone fastener business with 11.4% revenue growth to ₹725.9 croreCurrent reported value: 11.4% revenue growth to ₹725.9 crore. No comparable prior figure is available in the source record. and EBITDA margin expansion of 80bps to 15.3%Current reported value: EBITDA margin expansion of 80bps to 15.3%. No comparable prior figure is available in the source record., driven by operational efficiencies and favorable product mix. The company secured ₹64 crore in new business acquisitionsCurrent ₹64 crore in new business acquisitions. Reported change: +₹64 crore secured in FY26. and entered Tata's passenger vehicle segment. However, near-term margin pressure looms as steel and energy costs surge—management expects Q1 FY27 to be an "adjustment quarter" before price hikes from OEMs in Q2. The EV components business (SEM) faces a 3-5 year timeline shiftCurrent reported value: 3-5 year timeline shift. No comparable prior figure is available in the source record. in EV penetration expectations, pushing break-even to FY28Current 28. Reported change: Expanding across LCV/HCV. from earlier targets. STML's HVDC contactors and relays business remains early-stage with commercial production from July-August 2026. With ₹75 crore capex planned for FY27 to expand fastener capacity toward ₹900-1,000 crore revenue potential, the company maintains its long-term positioning but acknowledges short-term pain in new EV ventures.