Steel Strips Wheels Limited has informed the Exchange about Presentation
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Steel Strips Wheels filed its investor presentation ahead of the August 4, 2025 analyst/institutional investor meet. In Q1 FY26, revenue grew 15.8% year-on-year to Rs. 1,186.8 crores, driven by a 4% rise in volumes to 48 lakh units. Profit after tax rose 8.1% to Rs. 49.9 crores, but margins came under pressure with EBITDA margin slipping to 10.3% from 11.1% and PAT margin to 4.2% from 4.5%. Management attributed the higher expenses to stores, spares, and maintenance costs, stating these will moderate as the year progresses. The company is expanding steel wheel capacity by 65 lakh units and alloy wheel capacity by 11 lakh units by FY26, while scaling its new aluminium knuckles business from 2.5 lakh to 10 lakh units. Tata Steel and Nippon Steel hold 6.9% and 5.4% stakes respectively, and the company has repaid long-term debt from Rs. 548 crores in FY21 to Rs. 311 crores in FY25.
Margin compression in Q1 FY26 despite strong revenue growth is a concern, though management has signalled cost moderation ahead. Capacity expansion and shift toward higher-margin alloy wheels and exports could support earnings growth, but investors should watch for margin recovery in coming quarters.