Steel Strips Wheels Limited has informed the Exchange regarding Monthly Business Updates for the month of May 2025
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Awaiting price reaction for this filing.
Steel Strips Wheels reported net turnover of Rs. 470.35 Cr in May 2025, up 19.97% year-on-year from Rs. 342.04 Cr in May 2024. Gross turnover rose 19.36% YoY to Rs. 500.76 Cr. Overall sales volume grew 20% YoY, with exports leading the way at +48% by volume and +64% by value. The truck/ commercial vehicle segment grew 33% by volume and 26% by value, while the alloy segment grew 29% by volume and 43% by value. Passenger car and tractor segments were nearly flat, and the 2 & 3 wheeler segment declined sharply at -23% by volume and -16% by value.
Strong broad-based growth driven by exports and commercial vehicles is positive for the stock, though weakness in the 2 & 3 wheeler segment is a concern. Sustained export momentum at nearly 50% volume growth signals improving global demand for Indian auto component makers.