Steel Strips Wheels Limited (SSWL) has reported strong financial performance, with an 18% revenue growth in Q1 and a 4.48% year-over-year growth in net turnover for July 2025, according to the company's latest financial reports.

Q1 Financial Performance

Steel Strips Wheels reported Q1 revenue of 12.00 billion rupees, up from 10.20 billion rupees in the same period last year, marking an 18% increase. Net profit increased to 499.00 million rupees from 462.00 million rupees year-over-year. EBITDA rose to 1.22 billion rupees compared to 1.14 billion rupees previously, though EBITDA margin declined to 10.30% from 11.12% in the prior year period.

July 2025 Performance

SSWL achieved a net turnover of Rs. 378.87 crore in July 2025, compared to Rs. 362.64 crore in July 2024. The company's gross turnover also saw an increase of 4.53%, reaching Rs. 461.08 crore in July 2025, up from Rs. 441.08 crore in the previous year.

Segment-wise Performance

The company experienced mixed results across its various product segments:

The aluminum products segment showed strong performance with 29% value growth and 19% volume growth. The tractor segment also performed well, with 9% value growth and 16% volume growth.

However, several segments experienced declines. The passenger car steel products segment saw a significant drop, with a 19% decrease in value and a 12% decrease in volume. The truck segment declined by 12% in value and 5% in volume. Exports, while showing a 4% growth in value, experienced a substantial 28% decrease in volume.

The 2&3 wheeler segment presented mixed results, with 9% value growth but a 4% volume decline.

Overall Performance

Despite the positive value growth of 4% overall, SSWL faced a 2% decrease in total volume in July 2025. This indicates that while the company managed to increase its revenue, it sold fewer units compared to the same period last year.

Company Statement

Kanika Sapra, Company Secretary & Compliance Officer of Steel Strips Wheels Limited, stated in the official communication, "SSWL has achieved Net turnover of Rs. 378.87 Cr in July 2025 Vs Rs. 362.64 Cr in July 2024 recording a growth of 4.48% YOY and achieved Gross turnover of Rs. 461.08 Cr in July 2025 Vs Rs. 441.08 Cr in July 2024, thereby recording a growth of 4.53% YOY."

The company's performance in Q1 and July 2025 reflects its ability to increase revenue despite challenges in some segments, particularly in export volumes and the passenger car steel products sector. The strong showing in aluminum products and the tractor segment has helped offset declines in other areas, resulting in overall positive growth for Steel Strips Wheels Limited.

Steel Strips Wheels Limited (SSWL) has announced impressive financial results for May 2025, showcasing substantial year-over-year growth in both net and gross turnover.

Strong Revenue Performance

SSWL reported a significant increase in its net turnover for May 2025, reaching Rs 470.35 crore. This represents a robust 19.97% growth compared to Rs 392.04 crore recorded in May 2024. The company's performance indicates a strong market position and increased demand for its products.

Gross Turnover Surge

In line with the net turnover growth, SSWL's gross turnover also saw a notable rise. The company achieved a gross turnover of Rs 500.76 crore in May 2025, marking a 19.36% increase from Rs 419.55 crore in the same month of the previous year.

Financial Highlights

To better illustrate SSWL's financial performance, here's a breakdown of the key figures:

All figures in Rs crore

The consistent growth in both net and gross turnover underscores SSWL's strong market performance and operational efficiency. This positive trend may be attributed to factors such as increased production capacity, improved market demand, or successful business strategies implemented by the company.

As SSWL continues to demonstrate solid financial growth, investors and industry observers will likely keep a close watch on the company's future performance and market positioning in the automotive wheel manufacturing sector.