Latest news with #SteelStripsWheels
Business Standard
02-06-2025
- 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.
Yahoo
17-05-2025
- Business
- Yahoo
Steel Strips Wheels Ltd (BOM:513262) Q4 2025 Earnings Call Highlights: Record Revenue and ...
Quarterly Revenue: INR 1,233 crores, up 15.5% from INR 1,068.7 crores in the previous year same quarter. EBITDA: INR 134.5 crores, representing a 21% growth year-over-year. Profit Before Tax: INR 83 crores, a growth of 22.5% from INR 67.8 crores. Net Profit: INR 61.7 crores, slightly higher than INR 60.4 crores last year. Export Revenue: Grew by 22%, rising from INR 129 crores to INR 157 crores. Annual Revenue: INR 4,429 crores, reflecting a modest growth of 1.7%. Annual EBITDA: INR 486.8 crores, marking an increase of 4.6% year-on-year. EBITDA Margins: Improved by 30 basis points, rising from 10.7% to 11%. Debt Reduction: Reduced long- and short-term debt by INR 193 crores. Profit After Tax (FY25): INR 210 crores compared to INR 219 crores last year. Alloy Wheels Revenue: INR 1,436.5 crores from a volume of 33 lakh units, up from 30 lakh units. Tractor Sales Volume: Exceeded 17 lakh units, with a growth of 16% last year. CV Segment Decline: Decline of 3.5% in sales. Exports Turnover: INR 561 crores, less than last year due to geopolitical factors. Knuckles Business Revenue: INR 11 crores with a capacity utilization of about 70%. Warning! GuruFocus has detected 8 Warning Signs with BOM:513262. Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Steel Strips Wheels Ltd (BOM:513262) achieved its highest-ever quarterly sales in Q4 FY25, with revenues reaching INR 1,233 crores, a 15.5% increase year-over-year. The company's EBITDA grew by 21% year-over-year, reaching INR 134.5 crores, indicating strong operational performance. Export revenues saw a significant revival, growing by 22% from INR 129 crores to INR 157 crores, driven by stability in key international markets. The company successfully reduced its long- and short-term debt by INR 193 crores, despite undertaking capital expansion projects. The alloy wheels segment showed promising growth, with revenues increasing to INR 1,436.5 crores from a volume of 33 lakh units, up from 30 lakh units the previous year. Profit after tax for FY25 was slightly lower at INR 210 crores compared to INR 219 crores the previous year, due to higher finance costs and increased depreciation. The commercial vehicle (CV) segment experienced a negative growth of 3.5%, impacting overall sales growth. Despite a strong Q4, the full financial year revenue growth was modest at 1.7%, reflecting a slowdown in the Indian domestic market in the first half. Higher finance costs and increased depreciation were attributed to capital expenditures for capacity expansion, affecting profit margins. The company's market share in the steel wheel segment for passenger vehicles decreased from 50% to 37%, indicating competitive pressures. Q: Are you seeing any changes in demand scenario in exports with duties imposed on China being higher than that of India? Is that resulting in better traction for you? A: Yes, India has a reciprocal duty of 10%, while Vietnam and Thailand have duties at 36% and 46%, respectively. This gives us a competitive advantage, and customers are shifting business to us. We are confident about maintaining this advantage and expect robust export growth, targeting INR 1,000 crores in exports in the next financial year. Q: Is the EBITDA margin revision from the legacy contracts largely done, or is it expected to come through over the next few quarters? What sort of margin profile do you expect going ahead? A: The EBITDA per wheel has increased from INR 253 last year to INR 270 in the fourth quarter. We have renegotiated legacy contracts with major OEMs, and going forward, the margin profile is expected to improve further, especially with new business quotes. Q: Can we expect double-digit growth for the next couple of years, considering the recent trends in exports and alloy wheels? A: We are forecasting at least a 15% growth this year, with double-digit growth expected in the following years. We have strong traction across all business segments, including CV, tractors, exports, alloy wheels, and knuckles, which supports our optimistic growth outlook. Q: How do you see the gross margin going forward, given the recent trends in realizations and EBITDA? A: Gross margins are influenced by aluminum prices, but we have been able to maintain stable EBITDA margins through operational efficiencies. While margins in the aluminum wheel business have peaked, we expect a small increase this year, with significant improvements anticipated in 2026-2027 due to export market expansion. Q: What is the outlook for steel wheel volumes, and how does it compare to alloy wheels? A: Steel wheel volumes have been flat due to strategic decisions to drop low-margin businesses. However, we anticipate a positive shift in EBITDA margins for steel wheels starting in 2026-2027. The alloy wheel business is expected to grow at a faster rate, driven by increasing demand and market share gains. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Standard
15-05-2025
- Business
- Business Standard
Steel Strips Wheels consolidated net profit declines 88.23% in the March 2025 quarter
Sales rise 15.46% to Rs 1233.93 crore Net profit of Steel Strips Wheels declined 88.23% to Rs 60.66 crore in the quarter ended March 2025 as against Rs 515.56 crore during the previous quarter ended March 2024. Sales rose 15.46% to Rs 1233.93 crore in the quarter ended March 2025 as against Rs 1068.67 crore during the previous quarter ended March 2024. For the full year,net profit declined 71.06% to Rs 195.28 crore in the year ended March 2025 as against Rs 674.68 crore during the previous year ended March 2024. Sales rose 1.65% to Rs 4429.00 crore in the year ended March 2025 as against Rs 4357.10 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1233.931068.67 15 4429.004357.10 2 OPM % 10.8710.28 - 10.9310.64 - PBDT 105.6486.67 22 370.13374.55 -1 PBT 78.0349.86 56 258.99270.33 -4 NP 60.66515.56 -88 195.28674.68 -71
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
Steel Strips Wheels net turnover jumps 25% in April'25
Steel Strips Wheels has achieved net turnover of Rs 424.11 crore in month of April 2025 compared to Rs 338.22 crore in April 2024, recording a growth of 25.39%. Gross turnover stood at Rs 519.02 crore, up 25% YoY. In terms of volume, sales rose 13% in April 2025 over April 2024 led by 37% growth in aluminum segment and 24% growth each in trucks and tractor segments. Powered by Capital Market - Live News
