Steel Strips Wheels Limited has reported its Q3 financial results, showing a decline in net profit compared to the same quarter in the previous year. The automotive component manufacturer posted a net profit of ₹49.20 crores for the quarter, down from ₹51.80 crores recorded in the corresponding period last year.

Financial Performance Overview

The company's Q3 results demonstrate a year-on-year decrease in profitability, with net profit declining by ₹2.60 crores. This translates to a 5.02% drop in bottom line performance compared to the same quarter in the previous fiscal year.

Quarterly Results Analysis

The latest quarterly performance indicates that Steel Strips Wheels faced headwinds in maintaining its previous year's profitability levels. The company, which operates in the automotive components sector, experienced a moderate decline in its net profit margins during this reporting period.

The year-on-year comparison reveals that while the company maintained profitability, it was unable to match the stronger performance achieved in the corresponding quarter of the previous fiscal year. The ₹2.60 crore decrease in net profit represents the difference between the current quarter's performance and the benchmark set in the same period last year.

Steel Strips Wheels Limited has received an ESG (Environmental, Social, and Governance) rating of 68.6 from SES ESG Research Private Limited. The company disclosed this development to stock exchanges on January 20, 2026, in compliance with regulatory requirements.

ESG Rating Details

The ESG assessment was conducted voluntarily by SES ESG Research Private Limited, which assigned Steel Strips Wheels Limited an overall ESG score of 68.6. The rating evaluation was based on data available in the public domain, providing stakeholders with an independent assessment of the company's environmental, social, and governance practices.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Kanika Sapra communicated this information to both BSE Limited and The National Stock Exchange of India Limited, where the company's shares are traded.

Company Information

Steel Strips Wheels Limited operates with its head office located in Chandigarh and registered office in Punjab. The company maintains ISO/TS16949 certification and has manufacturing facilities in Jharkhand. The ESG rating disclosure reflects the company's commitment to transparency and adherence to regulatory compliance requirements for listed entities.