Net profit of Steel Strips Wheels declined 19.69% to Rs 47.71 crore in the quarter ended December 2024 as against Rs 59.41 crore during the previous quarter ended December 2023. Sales declined 3.21% to Rs 1074.68 crore in the quarter ended December 2024 as against Rs 1110.30 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1074.681110.30 -3 OPM %10.9510.50 - PBDT91.8193.17 -1 PBT64.3570.67 -9 NP47.7159.41 -20 Powered by Capital Market - Live News

Steel Strips Wheels will hold a meeting of the Board of Directors of the Company on 17 January 2025.Powered by Capital Market - Live News

Steel Strips Wheels has received net turnover of Rs 364.74 crore in December 2024 compared to 332.15 crore in December 2023, recording a growth of 9.81%. Gross turnover rose 10.19% to Rs 444.81 crore in December 2024. Powered by Capital Market - Live News

Steel Strips Wheels has received nomination for Steel wheel business from a leading European OEM. The Business value is close to Euro 15 million which will be executed over a span of 6 years. Series supplies are expected to commence from end CY 2026.The Company 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 declined 11.84% to Rs 46.11 crore in the quarter ended September 2024 as against Rs 52.30 crore during the previous quarter ended September 2023. Sales declined 3.41% to Rs 1095.10 crore in the quarter ended September 2024 as against Rs 1133.72 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1095.101133.72 -3 OPM %10.8910.96 - PBDT89.47101.26 -12 PBT61.9278.78 -21 NP46.1152.30 -12 Powered by Capital Market - Live News