Steel Strips Wheels Records 14% YoY Sales Growth in October; Aluminium Segment Reaches Record High

Chandigarh, November 3, 2025 -Steel Strips Wheels Limited (NSE: SSWL | BSE: 513262) was able to achieve a 14% year-over-year sales growth for the month of October 2025. This was mainly a result of the very good performance of the – aluminium and tractor wheel segments of the company. Nevertheless, the company managed to post a net turnover of only ₹420.10 crore against ₹370.05 crore in October 2024. While the gross turnover raised 6.7% and also touched ₹485.94 crore showing that the demand is still holding strong even though exports are falling.

The Growth of Aluminium and Tractor Segments

SSWL’s aluminium wheel division has set a new record for monthly sales. Achieving a volume growth of 32% and a value growth of 41% year-on-year. The impressing performance of the segment was very much the outcome of the continually rising demand from OEMs both locally and abroad. The company is firming up its leadership position in the – lightweight alloy wheel category.

Additionally, the tractor wheel division of the company was able to continue its positive trend. It showed a 23% increase in volume which was a result of the strong demand in the rural areas and high order intake from OEMs. At the same time – the truck wheel segment was in good shape. Whereas the passenger cars and two- and three-wheelers segments had slight decreases in volumes. These were mainly due to the seasonal factors and drop-in exports.

Export and Market Overview

Export volumes experienced a drastic fall of 66% while the value of exports dropped by 48%. Which was mainly caused by temporary shipment delays and less demand in certain foreign markets. Nevertheless, the total domestic business has more than compensated for this loss. Thus allowing the company to keep its positive year-on-year momentum intact.

Stock Market Reaction

After the declaration, the shares of Steel Strips Wheels were trading in a positive vibe. They went up by 3.45% to close at ₹230.22. During the trading session – the shares price got the intraday high of ₹232.25 and the intraday low of ₹220.83. The market capitalization of the company stood at ₹3,615 crore. The stock has been on a gradual comeback over the last six months. Which has been supported by the consistent operational growth and the expansion of aluminium capacity.

Management Outlook

The management has pointed out that the company’s focus on premium aluminium products and its involvement in different automotive segments are the main reasons behind the company’s continued strong performance. As a result of more new customers, and the export market getting wider, SSWL is still very positive about being able to maintain double-digit growth in the following quarters.

Steel Strips Wheels Limited Chandigarh is ranked among the top Indian steel and alloy wheel manufacturers. Specifically of passenger cars, commercial vehicles, tractors, and two- and three-wheelers. The enterprise is a supplier of OEMs operating both – locally and globally and has a significant presence in Europe, Asia, and Africa.

REF: https://nsearchives.nseindia.com/corporate/SSWL_03112025134137_CA03112025_REVISED_SIGNED.pdf

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