Steel Strips Wheels Ltd reported a decline in profitability for the second quarter of FY26, even as its revenue witnessed modest growth. The company’s profit after tax (PAT) fell 23% year-on-year to Rs 35.5 crore, compared to Rs 46.1 crore in the same quarter last year.
Revenue from operations, however, rose 9.6% YoY to Rs 1,201 crore from Rs 1,095 crore in Q2 FY25, driven by stable demand in both domestic and export markets. Despite the revenue growth, EBITDA dropped 6.7% to Rs 111.5 crore from Rs 119.5 crore, reflecting higher input costs and operational expenses. Consequently, the EBITDA margin narrowed to 9.3% from 10.9%, a contraction of 160 basis points year-on-year.
The dip in margins and profitability suggests a challenging cost environment for the auto component manufacturer despite steady topline growth.
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