Steel Strips Wheels Ltd recorded its highest-ever monthly sales turnover in September 2026, with net turnover rising 52.41% YoY to ₹625.81 crore. This performance marks a significant acceleration from the ₹410.60 crore logged in September 2025.

The surge was underpinned by robust demand across both domestic and international markets. The company also achieved its highest-ever quarterly sales for Q2FY27 and half-yearly sales for H1FY27, indicating sustained momentum beyond the single month.

Segment Performance Breakdown

The growth was not uniform across product categories, with exports showing the most dramatic expansion. The table below details the year-on-year performance by segment:

What the Numbers Show

A divergence between value and volume growth highlights a shift in product mix. While total volume expanded 22% YoY, value growth outpaced it at 52.41%. This gap suggests that Steel Strips Wheels is selling higher-margin products or benefiting from favorable pricing dynamics. The export segment exemplifies this trend most starkly: value grew 154% against a 33% volume increase, indicating a substantial improvement in average selling prices or a mix shift toward premium export orders.

Operational Drivers

Several factors contributed to the record month:

• Global Demand: International procurement of both steel and aluminium wheels increased significantly, driving the 154% value growth in exports.
• EV Transition: The 2 & 3 Wheeler segment saw 61% value growth, supported by rising electric vehicle demand.
• Domestic Momentum: A steady order book from domestic OEMs and early festive demand helped stabilize overall momentum.

Gross turnover for the month reached ₹728.18 crore, representing a 46.90% YoY increase. The company remains focused on capitalizing on these trends through continued capacity utilization and market penetration.

Steel Strips Wheels Ltd concluded its 40th Annual General Meeting on September 30, 2026. Members adopted the audited standalone and consolidated financial statements for FY26 and approved key governance resolutions.

The meeting was held at the company's registered office in Mohali, Punjab. Managing Director Dheeraj Garg chaired the session after being unanimously elected by the directors present. The AGM commenced at 11:00 am and concluded at 11:30 am, with a requisite quorum present throughout the proceedings.

Resolutions passed

The members transacted both ordinary and special business as outlined in the notice. The following resolutions were put to vote:

Attendance and oversight

Key managerial personnel and independent directors attended the meeting. The statutory auditor from M/s AKR & Associates and the secretarial auditor were also present. Several directors, including Chairman Rajinder Kumar Garg and three independent directors, were unable to attend due to pre-occupations.

Voting mechanism

The company provided remote e-voting facilities from September 27 to September 29, 2026. Members who did not vote electronically cast their ballots at the venue using paper ballots. Sushil Kumar Sikka, a practicing company secretary, served as the scrutinizer to ensure fair voting processes. Results will be declared following the scrutinizer's report.