Steel Strips Wheels Limited (BSE: 513262, NSE: SSWL) has released its sales figures for August 2024, showing a mixed performance across various segments:
- Overall Performance:
- Net turnover: Rs. 363.10 Crores (down 6.84% YoY)
- Gross turnover: Rs. 442.75 Crores (down 6.17% YoY)
- Segment Highlights (by value):
- Passenger Car Alloy Wheels: Up 16% (highest ever monthly sales)
- Tractor: Up 9%
- 2&3 Wheeler: Down 1%
- Passenger Car Steel Wheels: Down 5%
- Truck: Down 29%
- Exports: Up 15%
- Volume Growth:
- Overall volume declined by 10% YoY
Despite the overall decline, the company saw significant growth in its alloy wheel and tractor segments, while facing challenges in the truck and passenger car steel wheel categories.
The divergence between value and volume growth in exports (15% value growth despite 25% volume decline) suggests a favorable product mix or pricing in international markets.
