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

SSWL reported a net turnover of Rs 364.74 Crores in December 2024, reflecting a year-on-year growth of 9.81% compared to Rs 332.15 Crores in December 2023. The gross turnover also increased by 10.19%, reaching Rs 444.81 Crores, up from Rs 403.69 Crores in the same month last year.

Breaking down performance by segment, tractor sales surged by 57% in volume and 67% in value year-on-year. Passenger car alloys grew by 17% in volume and 29% in value, while passenger car steel saw a 7% volume increase and a 2% rise in value. Truck sales remained flat, declining by 3% in both volume and value, and two-wheeler sales decreased by 17% in volume but held steady in value. Exports overall saw a modest growth of 3% in value.

With these results, SSWL demonstrates a positive sales trajectory, particularly in the tractor and passenger car alloy segments, indicating potential growth opportunities moving forward. Investors should watch closely for continued performance in these key areas.