Steel Strips Wheels Limited — Important, 01-02-2025: Monthly Business Updates

Steel Strips Wheels Ltd. reported record monthly net turnover of Rs. 409.16 Cr in January 2025, a 7.54% increase year-over-year from Rs. 380.47 Cr in January 2024. The company also achieved a cross turnover of Rs. 500.42 Cr for the same month, marking a growth of 6.79% from Rs. 468.59 Cr in January 2024.

Key segment performances included the tractor division, which saw an impressive 33% increase by volume and 31% growth by value, and the aluminum segment grew by 76% in volume and 26% in value year-over-year. Passenger car steel sales were up 12% by volume and 30% by value, while overall exports increased by 20% in volume and 90% in value. The trends indicate a positive outlook for the company, particularly in its aluminum and tractor segments, indicating strong demand. Investors should watch closely for sustainable growth patterns in these divisions.