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Latest news about Steel Strips Wheels

SSWL Reports Robust Revenue Growth of 17.93% in November 2025 1 day ago

Steel Strips Wheels Limited (SSWL) has announced strong financial results for November 2025. The company's net turnover increased by 17.93% year-over-year to ₹438.13 crore, up from ₹371.52 crore in November 2024. Gross turnover also saw a 10.98% rise, reaching ₹505.02 crore compared to ₹455.05 crore in the previous year. The higher growth rate in net turnover compared to gross turnover suggests improved operational efficiency or favorable market conditions.

Steel Strips Wheels Reports 13% Revenue Growth Amid Export Challenges in H1 FY26 Nov 19, 2025

Steel Strips Wheels Corrects CFO Appointment Details, Clarifies Rahul Kumar's Qualifications Nov 13, 2025

Steel Strips Wheels Reports Q2 Results and Appoints New CFO Nov 12, 2025

Steel Strips Wheels Achieves 12% Sales Growth and Record Aluminium Sales in October 2025 Nov 03, 2025

More news about Steel Strips Wheels

12Sept 25

Steel Strips Wheels CFO Naveen Sorot Steps Down, Citing Family Relocation

Naveen Sorot, CFO and Key Managerial Personnel of Steel Strips Wheels Limited (SSWL), has resigned effective September 12, 2025, citing personal family reasons requiring relocation to Gurgaon. Sorot will step down from his roles in the Risk Management Committee, as a Key Managerial Personnel for stock exchange disclosures, and as Senior Management Personnel. The company has not yet announced a successor for the CFO position.

01Sept 25

Steel Strip Wheels Reports 6.3% Revenue Growth in August 2025

Steel Strips Wheels Limited (SSWL) announced a net turnover of ₹385.98 crores for August 2025, a 6.3% year-over-year increase. The company's gross turnover reached ₹475.06 crores, up 7.44% from the previous year. Aluminium products showed exceptional growth with a 30% increase in value. The tractor segment achieved its highest-ever monthly sales, growing by 10% in value. The truck segment grew by 9% in value. However, the passenger car steel wheel segment declined by 37% in value, and exports decreased by 29% in value compared to the previous year.

08Aug 25

Steel Strips Wheels Reports 15% Revenue Growth in Q1, Eyes European Expansion

Steel Strips Wheels Limited (SSWL) reported strong Q1 results with 15% year-on-year revenue growth. Profit after tax increased 8% to INR 50.00 crores, while EBITDA grew 6.1% to INR 125.00 crores. Export revenue surged 30% to INR 160.00 crores. The alloy wheel segment's contribution to revenue rose from 29% to 35%. SSWL secured nominations worth INR 300.00 crores from European OEMs for steel wheels and plans to establish a wholly-owned subsidiary in the EU. The company's new aluminum knuckle segment generated INR 13.20 crores in Q1. SSWL is expanding alloy wheel and knuckle capacities, aiming for 65,000-75,000 knuckles per month by Q4 FY2027. The company expects to maintain EBITDA per wheel at current levels and projects year-end debt between INR 850.00-900.00 crores.

04Aug 25

Steel Strips Wheels Secures ₹300 Crore Five-Year Order from European OEMs

Steel Strips Wheels Limited (SSWL) has won a ₹300 crore contract over five years from two leading European Original Equipment Manufacturers (OEMs) for vehicle programs in the EU and South America. Production is set to begin in early 2027 from SSWL's Chennai plant. This contract aligns with SSWL's strategy to diversify markets, expand geographically, and enhance its global reputation. The company anticipates more business from Global OEMs in the coming months.

01Aug 25

Steel Strips Wheels Reports Q1 FY2026 Results; Board Approves Key Appointments and European Subsidiary Plan

Steel Strips Wheels Limited (SSWL) reported Q1 FY2026 standalone revenue of Rs 1,23,393.76 lakhs and profit after tax of Rs 4,993.52 lakhs. The Board approved re-appointments of key directors, appointed a new Secretarial Auditor, and plans to incorporate a European subsidiary. SSWL's July 2025 sales showed a 4.48% year-over-year increase in net turnover to Rs 378.87 crore, with strong growth in aluminum products and tractor segments.

01Aug 25

Steel Strips Wheels Reports 18% Revenue Growth in Q1 Results and 4.48% Growth in Net Turnover for July 2025

Steel Strips Wheels Limited (SSWL) reported an 18% revenue growth in Q1, with revenue reaching 12.00 billion rupees. The company's July 2025 net turnover increased by 4.48% year-over-year to Rs. 378.87 crore. Q1 net profit rose to 499.00 million rupees, and EBITDA increased to 1.22 billion rupees. Segment-wise, aluminum products showed strong growth (29% value, 19% volume), while passenger car steel products declined significantly (19% value, 12% volume). Despite overall value growth of 4%, SSWL faced a 2% decrease in total volume for July 2025.

02Jun 25

SSWL Reports 19.97% Jump in Net Turnover for May 2025

Steel Strips Wheels Limited (SSWL) announced impressive financial results for May 2025. The company's net turnover increased by 19.97% to Rs 470.35 crore, up from Rs 392.04 crore in May 2024. Gross turnover also saw a significant rise of 19.36%, reaching Rs 500.76 crore compared to Rs 419.55 crore in the previous year. This strong performance indicates robust market demand and operational efficiency for SSWL in the automotive wheel manufacturing sector.

16May 25

Steel Strips Wheels Unveils Ambitious Capacity Expansion Plans

Steel Strips Wheels Limited (SSWL) has unveiled plans to significantly increase its production capacity for both alloy and steel wheels by FY26. The company aims to add 11.00 lakh alloy wheels at its Mehsana plant, bringing the total to 53.00 lakh wheels. Additionally, SSWL plans to introduce 65.00 lakh steel wheels in phases. This expansion strategy reflects SSWL's confidence in future market demand and its goal to strengthen its position in the automotive wheel manufacturing sector.

15May 25

Steel Strips Wheels Reports Q4 Growth and Announces Dividend

Steel Strips Wheels Ltd. announced Q4 FY2023 results with revenue up 12.15% to ₹12.00 billion. EBITDA increased 20.72% to ₹1.34 billion, with margin improving to 10.90%. Net profit rose 2.32% to ₹0.62 billion. The company declared a dividend of ₹1.25 per share.

02May 25

Steel Strips Wheels Reports Impressive 25.39% YoY Growth in April 2025 Net Turnover

Steel Strips Wheels Limited (SSWL) announced a significant increase in net turnover for April 2025. The company's net turnover reached ₹424.11 crore, up from ₹338.22 crore in April 2024, representing a 25.39% year-over-year growth. This strong start to the fiscal year demonstrates SSWL's resilience and growth in the automotive components market, potentially reflecting increased demand for automotive wheels, new client acquisitions, or market expansion.

01Apr 25

Steel Strips Wheels: Record Monthly Sales Drive 6% Stock Surge and 27.29% YoY Growth in Net Turnover

Steel Strips Wheels achieved its highest-ever monthly sales, with net turnover reaching ₹433.70 crore, a 27.29% year-over-year increase. The company saw significant growth across various segments: Alloy Wheels up by 50%, Truck Segment by 32%, and Tractor Segment by 23%. In response to this performance, the company's stock price jumped 6% to ₹188.36, ending a four-day losing streak.

03Mar 25

Steel Strips Wheels Reports Record-Breaking Performance in February 2025

Steel Strips Wheels Limited (SSWL) achieved a net turnover of Rs. 407.74 crore in February 2025, an 18.88% increase year-over-year. The company saw growth across multiple segments, with exports rising 36% in value and 38% in volume. The aluminium segment hit record sales with a 34% value increase. Commercial vehicles, especially trucks, showed strong growth at 29% volume increase. While most segments grew, the 2&3 wheeler category had mixed results with a 26% value increase but 38% volume decrease.