Steel Strips Wheels Limited has informed the Exchange regarding Monthly Business Updates for the month of March 2026. Steel Strips Wheels Limited (SSWL) delivered a record-breaking performance in March 2026, marking a significant milestone in the company's growth trajectory. The details in the letter attached.
SSWL · price
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Steel Strips Wheels Limited (SSWL) achieved its highest ever monthly sales in March 2026, crossing the Rs 500 Cr mark for the first time with net turnover of Rs 520.75 Cr (up 20% YoY) and gross turnover of Rs 603.92 Cr (up 14% YoY). Commercial Vehicle (Truck) segment hit record highs with a massive 74% volume growth YoY, while the Tractor segment posted robust 31% volume growth YoY. Overall volumes grew 30% YoY and values grew 20% YoY across segments. However, the export segment saw a sharp decline of 44% by value and 54% by volume, partially offsetting domestic gains.
Strong domestic performance with record sales and double-digit growth signals healthy demand, particularly in CV and tractor segments, but declining exports warrant monitoring. The stock could see positive sentiment given the milestone achievement.