Steel Strips Wheels Ltd. (SSWL) reported a slight year-on-year decline in its performance for June 2025. The company’s net turnover stood at ₹350.67 crore, down 2.08% from ₹358.11 crore in June 2024. Gross turnover for the month also dipped marginally to ₹426.31 crore, compared to ₹434.21 crore a year earlier, marking a 1.82% decrease.
Despite the soft performance in June, the company posted a solid Q1 FY26 growth of 14.2% in sales by value on a year-on-year basis, indicating resilience in broader market demand over the quarter.
Segment-wise, the alloy products category emerged as the strongest performer, registering a 23% year-on-year volume growth and a 41% growth by value. However, this was offset by declines in other segments. Export sales dropped 8% by value and 25% by volume, largely due to shipment delays from overseas clients awaiting the outcome of revised U.S. tariff regulations set to come into force from July 9, 2025.
In the domestic market, the commercial vehicle segment was impacted the most, seeing a 22% drop in sales value. This was mainly attributed to delays in production caused by the limited availability of air-conditioned cabins. The passenger car (steel) and two- and three-wheeler segments also saw notable declines, both affected by supply issues related to rare earth materials. Tractor segment sales dropped 9% in value and 4% in volume year-on-year.
