Steel Strips Wheels Limited reported its highest ever revenue of ₹5,182.8 Cr for the financial year ended March 31, 2026, representing a 17% YoY growth. The company's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The Board recommended a final dividend of 150%, or ₹1.50 per equity share, subject to shareholder approval at the ensuing Annual General Meeting. Despite the revenue growth, Profit After Tax (PAT) declined by 3.7% YoY to ₹202.1 Cr, impacted by margin pressures from a slowdown in exports and rising raw material costs.

FY26 Financial Performance

For the full year, EBITDA stood at ₹511.1 Cr, an increase of 5.0% YoY. The statutory auditors provided an unmodified opinion on the financial results. Net Capex of ₹196 Cr was incurred through FY26 towards incremental capacity expansion, largely focused on aluminium wheels and aluminium knuckles.

Q4 FY26 Results

In the fourth quarter, revenue rose 19.5% YoY to ₹1,474.6 Cr. Q4 PAT increased by 4.5% YoY to ₹64.46 Cr. EBITDA grew to ₹149.3 Cr, with the Q4 EBITDA margin coming in at 10.1% compared to 10.9% in the same period of the prior year. Exports, which typically contribute higher margins, saw a decline of 38% YoY in Q4FY26 and were down 19% YoY in FY26.

Operational Highlights

The company reported volume growth across key segments for FY26. Alloy wheels volumes increased by 19%, tractor wheels by 23%, and truck wheels by 11%. The company expects a ~1.2 million capacity addition in Alloy Wheels aiming to ramp up the total capacity up to 6.96 million units.

The trading window closure, which commenced on April 1, 2026, will remain in effect until 48 hours after the declaration of the audited financial results.

Steel Strips Wheels has announced plans to expand its alloy wheel manufacturing capacity, targeting an addition of approximately 1.2 million units in FY27. This strategic capacity enhancement is expected to raise the company's total alloy wheel production capacity to about 6.2 million units.

Capacity Expansion Details

The following table outlines the key parameters of the planned capacity expansion:

The planned addition of approximately 1.2 million units in FY27 represents a significant scale-up for Steel Strips Wheels in the alloy wheel segment. Upon completion, the company's overall alloy wheel production capacity is projected to reach about 6.2 million units, reflecting the company's commitment to strengthening its manufacturing capabilities in this product category.