Steel Strips Wheels Limited — Important, 02-05-2025: Monthly Business Updates

Steel Strips Wheels Ltd. posted a 25% YoY rise in net sales to Rs 424.11 Cr, driven by a record monthly turnover in aluminium (+37%) and 24% growth in commercial vehicle sales. Exports surged 55%, aluminium jumped 56%, and passenger cars rose 7%, offset by a 7% decline in two- and three-wheelers. Total gross turnover increased 25% to Rs 510.02 Cr, supported by strong demand in commercial vehicles and export markets. Management is focusing on leveraging momentum in aluminium and commercial vehicle segments.