Steel Strips Wheels Limited (SSWL), a leading manufacturer of automotive wheels, has announced its unaudited financial results for the first quarter ended June 30, 2025, along with several key corporate decisions.

Financial Performance

For Q1 FY2026, SSWL reported:

• Standalone revenue from operations of Rs 1,23,393.76 lakhs
• Profit after tax of Rs 4,993.52 lakhs

The company's performance demonstrates resilience in the automotive sector, though detailed year-on-year comparisons were not provided in the available data.

Board Approvals and Corporate Updates

The Board of Directors, in their meeting held on August 1, 2025, approved several significant matters:

Re-appointments

• Sh. Rajinder Kumar Garg, Chairman and Non-Executive Director, and Sh. Manohar Lal Jain, Executive Director, were re-appointed, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
• Sh. Siddharth Bansal was re-appointed as an Independent Director for a second five-year term from October 1, 2025, to September 30, 2030, pending shareholder approval.

New Appointments

• Sh. Sushil Kumar Sikka of M/s S.K. Sikka & Associates was appointed as the Secretarial Auditor for a term of five years.
• Sh. Sushil Kumar Sikka was also appointed as the Scrutinizer for the AGM and remote e-voting process.

European Subsidiary

The Board approved a proposal to incorporate a wholly-owned subsidiary in the European Union, signaling potential expansion plans in the region.

Corporate Governance

Amendments were made to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, incorporating recent amendments to SEBI regulations.

Annual General Meeting

The 39th Annual General Meeting of SSWL is scheduled for September 30, 2025, at the company's registered office. Key dates include:

• Book Closure: September 24-30, 2025
• Remote E-voting Period: September 27-29, 2025

Monthly Sales Update

In a separate announcement, SSWL reported its monthly sales figures for July 2025:

• Net turnover of Rs 378.87 crore, up 4.48% year-over-year
• Gross turnover of Rs 461.08 crore, a 4.53% increase from July 2024

Segment-wise growth highlights include:

These figures indicate strong performance in the aluminum and tractor segments, offsetting challenges in other areas.

The company continues to navigate a dynamic automotive market, with strategic decisions aimed at long-term growth and corporate governance improvements.

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.