+919998510543

News Details

News Details

Hot Pursuit News
As on 01-Dec-2023  11:41

SSWL gains after net turnover grows 9% YoY in Nov?23

The firm's net turnover in the same period last year was Rs 340.84 crore.

The company's gross turnover grew by 7.92% to Rs 455.87 crore in November 2023 from Rs 422.40 crore in November 2022.

In value terms, the exports segment climbed 185% YoY, Passenger Car - Steel segment (up 44% YoY), followed by Truck segment (up 16%YoY), Passenger Car ?Alloy segment (down 5% YoY) and Tractor segment (down 21%YoY) in November 2023.

In volume terms, the exports soared 344% YoY, followed by Truck segment (up 22% YoY), 2&3 wheeler (down 5% YoY), Passenger Car-Steel segment (up 26% YoY), Tractor segment (down 10% YoY) and Passenger Car-Alloy segment (up 1% YoY)

Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The firm operates in automotive wheels segment. Its geographical segments include India and overseas.

The company's consolidated net profit declined 4.2% to Rs 52.30 crore in Q2 FY24 compared with Rs 54.61 crore in Q2 FY23. Revenue from operations rose 4.9% year on year to Rs 1,133.72 crore during the quarter.

Powered by Capital Market - Live News