Steel Strip Wheels achieved net turnover of Rs 342.04 crore in May 2024 compared to Rs 357.27 crore in May 2023, recording a decline of 4.26%. The company`s gross turnover declined 3.17% to 419.55 crore. In terms of sales value, the company`s 2-3 wheeler segment increased by 64% while tractor segment rose 22%.In terms of sales volume, the company`s 2-3 wheeler segment recroded growth of 44% and tractor segment grew 25%. Powered by Capital Market - Live News

Steel Strips Wheels (SSWL) has received nomination for Steel wheel business from a leading European OEM. Business value is close to Euro 8 million which will be executed over a span of 6 years. Series supplies are expected to commence from Mid year 2025 from SSWL`s Chennai plant. SSWL expects more businesses from Global OEMs in coming months which complements its strategy to grow its presence in the EU and US OEM space. Powered by Capital Market - Live News

Net profit of Steel Strips Wheels rose 990.21% to Rs 515.56 crore in the quarter ended March 2024 as against Rs 47.29 crore during the previous quarter ended March 2023. Sales rose 6.34% to Rs 1068.67 crore in the quarter ended March 2024 as against Rs 1004.92 crore during the previous quarter ended March 2023.For the full year,net profit rose 248.15% to Rs 674.68 crore in the year ended March 2024 as against Rs 193.79 crore during the previous year ended March 2023. Sales rose 7.83% to Rs 4357.10 crore in the year ended March 2024 as against Rs 4040.54 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1068.671004.92 6 4357.104040.54 8 OPM %10.2810.79 -10.6410.96 - PBDT86.6792.46 -6 374.55371.66 1 PBT49.8672.51 -31 270.33291.21 -7 NP515.5647.29 990 674.68193.79 248 Powered by Capital Market - Live News

Steel Strips Wheels announced that the Board of Directors of the Company at its meeting held on 23 May 2024, has recommended a Final dividend of Rs.1 per share (i.e.100%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Steel Strips Wheels will hold a meeting of the Board of Directors of the Company on 23 May 2024Powered by Capital Market - Live News