SSWL shares witnessed a nearly 3% decline after the company reported a 6.48% year-on-year drop in its monthly net turnover, totaling ₹370.05 crore for October 2024, compared to ₹395.67 crore in October 2023. Additionally, the gross turnover also showed a year-on-year decline of 5.44%, reaching ₹455.24 crore in October 2024 against ₹481.41 crore in the previous year.
Segment-Wise Breakdown of October 2024 Performance
- Passenger Car – Alloy: This segment saw a positive performance with a 10% increase in volume and a 16% rise in value.
- 2 & 3 Wheeler: Notably strong, achieving a 31% growth in volume and a 30% rise in value.
- Tractor: Faced a 9% decrease in volume and a marginal 1% decline in value.
- Passenger Car – Steel: Volume dropped by 15%, and value declined by 20%.
- Truck: This category saw a 16% drop in volume, with an 18% reduction in value.
- Exports (Overall): Experienced a significant 41% decrease in volume and a 38% drop in value.
- Overall Performance: The company recorded a total decline of 6% in both volume and value on a year-on-year basis.
The October results reflect mixed performance across segments for SSWL. While the alloy and two/three-wheeler categories showed notable growth, other segments, particularly exports and passenger car steel, experienced considerable declines.
As of 10:27 am the shares were trading 2,81% lower at ₹201.05 on NSE.
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