Steel Strips Wheels Limited has informed the Exchange about Transcript
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Steel Strips Wheels reported Q1 FY26 revenue growth of 15% YoY, with EBITDA at INR125 crore (+6.1%) and PAT rising 8% to INR50 crore. Export revenue jumped 30% YoY to INR160 crore, while the US share of exports was deliberately reduced from 70% in FY24 to 52% now as part of a derisking strategy. Alloy wheel contribution to revenue rose from 29% to 35%, becoming the key margin driver. EBITDA margin dipped slightly due to higher raw material costs and preponed maintenance expenses that are expected to normalize. The company disclosed a new INR300 crore steel wheel order from European OEMs and announced setting up a European subsidiary. The aluminum knuckle business sold 50,000 units (INR13.2 crore) in Q1, with capacity set to expand from 2.5 lakh to 15 lakh units annually.
Margin outlook remains positive with management confirming FY26 EBITDA margin expansion as alloy mix improves and one-time costs fade. The geographic pivot away from the US toward Europe and South America should help cushion tariff-related risks, while the new European order win strengthens the export growth story. Investors should watch alloy penetration trends and knuckle ramp-up execution.