Steel Strips Wheels Limited has informed the Exchange regarding Monthly Business Updates for the month of June 2025
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Awaiting price reaction for this filing.
Steel Strips Wheels reported June 2025 net turnover of Rs 350.67 Cr, down about 2% from Rs 358.11 Cr in June 2024. Despite the monthly dip, quarterly turnover grew 14.2% YoY, showing overall strong momentum. The Commercial Vehicle segment declined in June, hurt by non-availability of certain components (air-related parts), while the alloy wheels business stood out with 23% YoY volume growth. Export sales fell in June as customers held back shipments, awaiting clarity on US tariffs set to take effect from July 2025. The company also flagged a rare earth magnet constraint that has been affecting production.
Near-term sentiment may be weak due to the monthly decline and US tariff uncertainty clouding the export outlook, but the 14.2% quarterly growth and strong alloy wheel performance suggest underlying demand remains healthy. Investors should watch for resolution of tariff concerns and component supply issues in coming months.