Monthly Update1 Jul 2025, 11:59 am
Steel Strips Wheels Ltd: Net Turnover Declines by 2.08% YoY in June 2025
AI Summary
Steel Strips Wheels Ltd (SSWL) reported a net turnover of Rs. 350.67 Cr in June 2025, a decline of 2.08% compared to Rs. 358.11 Cr in June 2024. The gross turnover for June 2025 stood at Rs. 426.31 Cr, a decrease of 1.82% from Rs. 434.21 Cr in June 2024. Despite these declines, SSWL saw a quarterly growth of 14.29% in sales by value in Q1 FY26. The Commercial Vehicle Segment saw a 22% YOY decline due to non-availability of air-conditioned cabins. Export Segment, particularly Passenger Vehicles and 2W/3W Electric Vehicles, faced de-growth due to rare earth material supply concerns. However, 2W Electric Vehicles have shown early signs of recovery starting July 2025.
Key Highlights
- Q1 FY26 Sales by Value grew 14.29% YOY
- Commercial Vehicle Segment sales declined 22% YOY
- Export Segment, particularly Passenger Vehicles and 2W/3W Electric Vehicles, faced de-growth
- 2W Electric Vehicles have shown early signs of recovery starting July 2025