Steel Strips Wheels Limited — Investor Meet, 08-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

SSWL delivered a strong Q1 FY26, with top-line growth of 15% and PAT rising 8% to INR50 Cr. Export revenue jumped 30% to INR160 Cr, driven by the alloy wheel segment which now contributes 35% of total revenue.

The company is strategically reducing its U.S. market dependence, winning a new INR300 Cr steel wheel business from European OEMs and boosting focus on Europe and South America. The new aluminum knuckle segment sold 50,000 units this quarter, aiming for 85-90% utilization of its 0.5 million annual capacity by Q4.

Despite U.S. tariff uncertainties and raw material cost pressures, management remains optimistic, expecting normalized expenses and continued growth from diversification into higher-margin segments like alloy wheels and knuckles.