Steel Strips Wheels (SSWL) has reported impressive growth for the financial year 2024-25, achieving a net turnover of Rs. 433.70 Cr in March-25, marking a 27.29% year-on-year (YoY) increase compared to Rs. 340.72 Cr in March-24. The gross turnover also saw a significant rise, reaching Rs. 529.15 Cr in March-25, up by 27.49% from Rs. 415.05 Cr in the previous year.
Segment-Wise Performance Analysis:
SSWL’s growth was driven by strong performance across multiple segments, both domestically and internationally. The alloy segment emerged as a key contributor, with domestic sales growing by 63% in value, and 50% in volume. Other segments, including truck and tractor wheels, also performed well, with growth rates of 30% and 32% YoY, respectively. The passenger car steel wheels segment, however, saw a slight dip, with a decrease of 8% in value and 1% in volume. Two- and three-wheeler wheel sales recorded a modest growth of 16% by value, although volume growth showed a decline of 20%.
Quarterly Performance Analysis:
The company’s quarterly performance highlights consistent growth, particularly in Q4. While the first three quarters of FY24-25 saw slight dips in volume and net sales, Q4 delivered a strong rebound, with volume growth of 8.6% and a net sales growth of 14.9% compared to the same quarter last year.
The company’s ability to adapt and show resilience in a fluctuating market is evident from the positive performance in Q4.
