Steel Strips Wheels Limited (SSWL) announced a marginal decline in its net turnover for November 2024, recording ₹371.52 crore compared to ₹371.98 crore in November 2023, reflecting a slight decrease of 0.12% year-on-year (YoY). The company also reported gross turnover of ₹455.05 crore for November 2024, down marginally by 0.18% YoY.
Segment-wise Performance:
- Tractor Sales:
- Volume Growth: 33%
- Value Growth: 35%
- 2 & 3 Wheelers:
- Volume Growth: 19%
- Value Growth: 39%
- Passenger Cars – Alloy Wheels:
- Volume Growth: 9%
- Value Growth: 19%
- Passenger Cars – Steel Wheels:
- Volume Decline: 7%
- Value Decline: 13%
- Truck Sales:
- Volume Decline: 12%
- Value Decline: 14%
- Exports (Overall):
- Volume Decline: 34%
- Value Decline: 34%
Summary:
- Overall Growth: Flat YoY for both volume and value.
While the company reported stable overall performance, notable growth was observed in tractor and alloy wheel segments. However, challenges in steel wheels, truck sales, and exports affected the overall performance.
