SSWL reported a 6.48% YoY decrease in monthly net turnover, recording ₹370.05 crore in October 2024, compared to ₹395.67 crore in October 2023. The gross turnover also fell by 5.44% YoY, reaching ₹455.24 crore in October 2024 against ₹481.41 crore last year.
Segment-Wise Breakdown of October 2024 Growth
- Passenger Car – Alloy: Volume grew by 10% YoY, with a value increase of 16%.
- 2 & 3 Wheeler: Strong performance with a 31% increase in volume and 30% in value.
- Tractor: Experienced a 9% decline in volume and a 1% decrease in value.
- Passenger Car – Steel: Volume declined by 15%, with a value drop of 20%.
- Truck: Showed a decrease of 16% in volume and 18% in value.
- Exports (Overall): Significantly down by 41% in volume and 38% in value.
- Overall Performance: Recorded a total decline of 6% in both volume and value YoY.
The company’s October results show mixed performance across segments, with notable growth in the alloy and two/three-wheeler segments while exports and other vehicle categories saw declines.
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SSWL