Latest news with #SSWL
Business Standard
3 days ago
- Automotive
- Business Standard
SSWL gains as net turnover jumps 20% YoY in May 2025
Steel Strips Wheels (SSWL) added 1.36% to Rs 235.30 after the company reported a net turnover of Rs 410.35 crore for May 2025, registering a 19.97% YoY growth compared to Rs 342.04 crore posted in May 2024. The company's gross turnover jumped 19.36% to Rs 500.76 crore in May 2025 from Rs 419.55 crore recorded in May 2024. In value terms, the overall exports segment surged by 64% YoY, the alloy segment gained 43% YoY, the truck segment climbed 26% YoY, the tractor remained flat 0% YoY, the passenger car segment rose 3%, while the 2&3-wheeler segment fell 16% YoY in May 2025. In volume terms, the overall exports segment soared by 48% YoY, the alloy segment surged 29% YoY, the truck segment jumped 33% YoY, the tractor segment increased 8% YoY, the passenger car segment advanced 11%, while the 2&3-wheeler segment tumbled 23% YoY during the review period. Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of the automobile industry. The firm operates in the automotive wheel segment. Its geographical segments include India and overseas. The companys consolidated net profit fell 88.23% to Rs 60.66 crore in Q4 FY25 as against Rs 515.56 crore posted in Q4 FY24. However, revenue from operations jumped 15.46% YoY to Rs 1,233.93 crore in the quarter ended 31 March 2025.
Business Upturn
4 days ago
- Automotive
- Business Upturn
Steel Strips Wheels reports nearly 20% YoY growth in sales for May 2025
By Aman Shukla Published on June 2, 2025, 10:27 IST Steel Strips Wheels Limited (SSWL) reported a significant increase in its sales performance for May 2025 compared to the same period in the previous year. The company achieved a net turnover of Rs. 470.35 crore in May 2025, up from Rs. 342.04 crore in May 2024. This reflects a year-on-year growth of approximately 19.97%. In terms of gross turnover, SSWL recorded Rs. 500.76 crore in May 2025, compared to Rs. 419.55 crore in May 2024, marking a growth of about 19.36% year-on-year. Breaking down the growth by segments reveals varying trends across different markets. The export segment experienced a substantial increase in volume and value, with volume growth around 48% and value growth reaching 64%. The truck segment showed steady growth, with volumes rising by 33% and value by 26%. The alloy segment performed strongly as well, with volume growth of 29% and value growth of 43%. Passenger cars saw moderate growth, with volume increasing by 11% and value by 3%. The tractor segment remained largely flat, with volume growth at 8% and no significant change in value. In contrast, the two- and three-wheelers segment faced declines, with volume dropping by 23% and value by 16%. Overall, Steel Strips Wheels Limited recorded a volume growth of 20% and a value growth of 20% for May 2025 compared to May 2024, highlighting a positive upward trend in sales across most segments. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
15-05-2025
- Automotive
- Business Standard
SSWL declines as Q4 PAT tumbles 88% YoY to Rs 61 cr
Steel Strips Wheels (SSWL) slipped 1.85% to Rs 236.45 after its consolidated net profit fell 88.23% to Rs 60.66 crore in Q4 FY25 as against Rs 515.56 crore posted in Q4 FY24. However, revenue from operations jumped 15.46% YoY to Rs 1,233.93 crore in the quarter ended 31 March 2025. Profit before tax for the fourth quarter of FY25 stood at Rs 78.03 crore, marking a decline of 85.07% compared to Rs 522.96 crore in the same period last year. On a full-year basis, the companys consolidated net profit dropped by 71.05% to Rs 195.28 crore, on a 1.65% increase in total revenue to Rs 4,428.99 crore in FY25 over FY24. Meanwhile, the companys board has recommended a final dividend of Rs 1.25 per equity share for the financial year 2024-25. Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of the automobile industry. The firm operates in the automotive wheel segment. Its geographical segments include India and overseas.
Business Standard
02-05-2025
- Automotive
- Business Standard
SSWL net turnover jumps 25% YoY in April 2025
Steel Strips Wheels (SSWL) reported a net turnover of Rs 424.11 crore for April 2025, registering a 25.39% YoY growth compared to Rs 338.22 crore posted in April 2024. The company's gross turnover jumped 24.97% to Rs 519.02 crore in April 2025 from Rs 415.33 crore recorded in April 2024. In value terms, the overall exports segment surged by 55% YoY, the aluminum segment gained 56% YoY, the truck segment climbed 15% YoY, the tractor segment increased 13% YoY, the passenger car segment rose 7%, while the 2&3-wheeler segment fell 7% YoY in April 2025. In volume terms, the overall exports segment soared by 47% YoY, the aluminum segment surged 37% YoY, the truck segment jumped 15% YoY, the tractor segment increased 13% YoY, the passenger car segment advanced 9%, while the 2&3-wheeler segment tumbled 23% YoY during the review period. Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of the automobile industry. The firm operates in the automotive wheel segment. Its geographical segments include India and overseas. The companys standalone net profit shed 13.6% to Rs 51.44 crore on 3.21% slide in revenue from operations to Rs 1,074.68 crore in Q3 FY25 over Q3 FY24. The counter rose 1.64% to Rs 207.40 on the BSE.
