Steel Strips Wheels Limited — Important, 02-12-2024: Monthly Business Updates

SSWL reported a net turnover of ₹371.52 crore in November 2024, slightly down by 0.12% year-on-year from ₹371.98 crore in November 2023. Gross turnover also experienced a marginal dip, reaching ₹455.05 crore compared to ₹455.87 crore the previous year, reflecting a decrease of 0.18%.

Examining segment performance, tractor sales saw significant growth, increasing by 33% in volume and 35% in value compared to the previous year. Sales in the two-wheeler segment rose by 19% in volume and 39% in value. Alloy wheels for passenger cars grew by 9% in volume and 1.9% in value, while steel wheels for passenger cars declined by 7% in volume and 13% in value. Truck segment sales fell marginally by 1.2% in volume and 1.4% in value. Exports faced a major setback, declining by 34% in both volume and value.

Investors should note the mixed performance trends, with strong growth in specific segments like tractors, indicating potential resilience amid overall market challenges.