Steel Strips Wheels Limited (SSWL) has reported a record-breaking performance for March 2026, achieving its highest ever monthly sales by surpassing the ₹500 crore mark for the first time. This milestone marks a significant achievement in the company’s growth trajectory.
The company has demonstrated notable growth in various segments, with the Commercial Vehicle (Truck) segment experiencing a remarkable 74% year-on-year (YOY) increase in sales volume. Additionally, the Tractor segment saw robust growth with a 31% YOY increase in monthly sales volume.
In terms of financial performance, SSWL’s turnover figures reflect strong double-digit growth. The net turnover for March 2026 was ₹520.75 crore, compared to ₹433.70 crore in March 2025, representing a 20.07% YOY growth. Similarly, the gross turnover increased to ₹603.92 crore from ₹529.15 crore, marking a 14.13% YOY growth.
A segment-wise growth analysis reveals that the two-wheeler segment (domestic and exports combined) achieved a 75% YOY growth by value and an 82% increase by volume. The Tractor segment recorded a 30% YOY growth by value and a 31% increase by volume. The Passenger Car – Alloy segment saw a 20% growth by value and a 14% increase by volume. The Truck segment experienced a 17% growth by value and a 14% increase by volume. However, the Passenger Car – Steel segment and exports overall saw declines, with the former decreasing by 10% by value and 11% by volume, and the latter dropping by 44% by value and 54% by volume.
Overall, SSWL’s performance in March 2026 reflects a 20% YOY growth by value and an 8% increase by volume across all segments.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Aditya Bhagchandani before publication.