Steel Strips Wheels' Sales In May Up By 20%
By Ankur Chandra | Published at: Jun 2, 2025 04:18 PM IST
Steel Strips Wheels Ltd reported a robust 20% year-on-year (YoY) growth in total sales for May 2025, driven by strong performance in export markets and the commercial vehicles segment.
Key Financial Highlights – May 2025
| Metric | May 2025 | May 2024 | Growth (YoY) |
|---|---|---|---|
| Net Turnover | ₹470.35 Cr | ₹342.04 Cr | +19.97% |
| Gross Turnover | ₹500.76 Cr | ₹419.55 Cr | +19.36% |
Segment-Wise Volume & Value Growth
| Segment | Volume Growth (YoY) | Value Growth (YoY) |
|---|---|---|
| Exports | +48% | +64% |
| Truck | +33% | +26% |
| Alloy Wheels | +29% | +43% |
| Passenger Cars | +11% | +3% |
| Tractors | +8% | 0% |
| 2 & 3 Wheelers | -23% | -16% |
| Overall | +12% | +20% |
Exports emerged as the key growth driver with a 48% YoY rise in volumes, translating into a 64% increase in value. The truck and alloy segments also recorded double-digit growth both in volume and value. On the downside, the two-wheeler and three-wheeler segments witnessed a steep decline of 23% in volume and 16% in value.
About Steel Strips Wheels
Steel Strips Wheels Ltd is a leading manufacturer of automotive wheels catering to major OEMs across domestic and international markets. The company’s facilities are located in Punjab and Jharkhand, with a diversified product portfolio across steel and alloy wheels. Steel Strips Wheels Ltd. is listed on NSE (SSWL) and BSE (513262).
REF: https://nsearchives.nseindia.com/corporate/SSWL_02062025101529_CA02062025_SIGNED.pdf
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