Steel Strips Wheels Reports 18% YoY Growth in April Turnover
SSWL gains after reporting 18% YoY rise in net turnover for April 2026
Business Standard
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Steel Strips Wheels (SSWL) experienced an 18.09% year-on-year increase in net turnover, reaching ₹500.85 crore for April 2026. Despite this growth, the company's consolidated net profit fell 2.30% to ₹46.61 crore in Q3 FY26 compared to the previous year.
- 01SSWL's net turnover reached ₹500.85 crore, an 18.09% increase YoY.
- 02The gross turnover rose 12.10% to ₹581.82 crore in April 2026.
- 03The 2- & 3-wheeler segment saw a significant growth of 36% YoY.
- 04Consolidated net profit declined by 2.30% to ₹46.61 crore in Q3 FY26.
- 05Revenue from operations increased by 22.90% YoY for the same quarter.
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Steel Strips Wheels (SSWL) reported a net turnover of ₹500.85 crore for April 2026, marking an 18.09% increase compared to ₹424.11 crore in April 2025. The company's gross turnover also rose by 12.10%, reaching ₹581.82 crore. Notably, the 2- & 3-wheeler segment demonstrated robust growth, increasing 36% in value terms and 33% in volume terms. Other segments, such as tractors and alloy wheels, also saw significant increases of 30% and 22%, respectively. However, the passenger car and export segments faced declines of 12% and 35% YoY. Despite the turnover growth, SSWL's consolidated net profit fell by 2.30% to ₹46.61 crore in Q3 FY26, down from ₹47.71 crore in Q3 FY25, while revenue from operations surged by 22.90% YoY to ₹1,320.81 crore for the quarter ending December 31, 2025.
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The growth in SSWL's turnover could lead to increased production and potential job creation in the automotive sector, benefiting local economies.
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