Steel Strips Wheels Limited (SSWL) has reported a 13% year-on-year revenue growth to INR 2,387.00 crores for the first half of fiscal year 2026, despite facing headwinds in its U.S. export business. The company's performance reflects resilience in domestic markets and strategic shifts in its product mix.

Financial Highlights

• Revenue: INR 2,387.00 crores (13% YoY growth)
• EBITDA: INR 234.00 crores (flat YoY)
• U.S. Exports: 26% decline due to tariff impacts

Segment Performance

Alloy Wheels

The alloy wheels segment emerged as a standout performer for SSWL:

• Revenue Contribution: 36% of total revenue
• Volume: 18 lakh units sold

Aluminum Knuckles

SSWL's new aluminum knuckles business showed promising results:

• Revenue: INR 33.00 crores
• Volume: 1.24 lakh units

Export Challenges and Market Shift

SSWL faced significant challenges in its U.S. export business due to tariff impacts. However, the company has been proactively addressing this issue by:

1. Increasing focus on European markets
2. Diversifying its export portfolio

The shift in export strategy is evident from the following data:

Future Outlook

1. Capacity Expansion:

   • Alloy Wheels: Plans to expand from 4.2 million to 5 million wheels
   • Aluminum Knuckles: Increasing capacity from 2.5 lakhs to 5 lakhs

2. Capex Plans:

   • Total planned capex for FY26: INR 250.00 crores
   • Major focus on alloy wheels and knuckles segments

3. Domestic Market:

   • Positive outlook supported by GST reforms
   • Strong performance expected in two-wheeler and passenger vehicle segments

4. Export Strategy:

   • Continued focus on European market expansion
   • Monitoring U.S. tariff situation for potential recovery

SSWL's Deputy Managing Director, Mr. Mohan Joshi, commented on the results, stating, "Despite challenges in our U.S. export business, we've seen strong growth in our alloy wheels segment and promising results from our new aluminum knuckles business. We're actively diversifying our export markets and investing in capacity expansion to drive future growth."

As SSWL navigates through export challenges, its focus on product diversification and market expansion appears to be a strategic move to ensure sustained growth in the coming quarters.

Steel Strips Wheels Limited (SSWL), a leading manufacturer of automotive wheels, has issued a correction to its earlier announcement regarding the appointment of Rahul Kumar as Chief Financial Officer (CFO). The company has rectified a typographical error in Kumar's qualifications, providing more accurate information about his professional credentials.

Correction Details

The company clarified that Rahul Kumar has passed Level III of the Chartered Financial Analyst (CFA) Program, rather than being described as a Chief Financial Analyst as previously stated. This correction ensures a more precise representation of Kumar's qualifications and aligns with the standard terminology used in the financial industry.

Rahul Kumar's Professional Background

Rahul Kumar brings a robust financial background to his role as CFO at Steel Strips Wheels Limited. His qualifications and experience include:

• Qualified Chartered Accountant (CA)
• Passed Level III of the CFA Program
• Graduate degree in Commerce
• Over 8 years of experience in finance, accounts, and commercial control
• Associated with SSWL since 2022
• Previous experience in healthcare, technology, and ed-tech industries

Areas of Expertise

Kumar's expertise encompasses several critical areas of financial management:

• Financial reporting
• Internal audit
• Management Information Systems (MIS)
• Cost optimization through data analytics
• ERP implementation
• Digital transformation projects

Appointment Details

The appointment of Rahul Kumar as Chief Financial Officer became effective from November 12, 2025. As a Key Managerial Personnel, Kumar is expected to play a crucial role in SSWL's financial strategy and operations.

Company's Commitment to Transparency

By issuing this correction, Steel Strips Wheels Limited demonstrates its commitment to accurate disclosure and transparency in its corporate communications. This attention to detail in reporting executive appointments and qualifications is crucial for maintaining investor trust and complying with regulatory requirements.

About Steel Strips Wheels Limited

Steel Strips Wheels Limited is a prominent player in the automotive wheel manufacturing sector. The company designs and manufactures a wide range of steel and alloy wheels for various vehicle types. SSWL has been focusing on expanding its production capacity and improving its product mix, with a particular emphasis on the high-margin alloy wheels segment.

The appointment of a qualified CFO like Rahul Kumar aligns with SSWL's strategic goals and may contribute to the company's financial management and growth initiatives in the competitive automotive components industry.