Steel Strips Wheels Ltd. (SSWL) saw its shares jump 3% following impressive sales growth in January 2025.
The company recorded its highest-ever monthly turnover, reaching ₹409.16 crores, a 7.54% increase year-on-year (YoY) compared to ₹380.47 crores in January 2024. Additionally, the company’s gross turnover for the month rose by 6.79%, reaching ₹500.42 crores versus ₹468.59 crores in January 2024.
Key highlights include record-breaking sales in both the Aluminum and Tractor segments. The Aluminum segment posted a 26% increase YoY by value, while the Tractor segment saw a 31% growth YoY by value. SSWL’s overall performance remained strong with a YoY volume growth of 8% and a 9% increase in exports, reflecting solid demand across international markets.
The company achieved significant growth across its domestic and export sectors, with notable YoY increases in the Tractor (33% by volume, 30% by value) and Aluminum (76% by volume, 26% by value) segments. While the Passenger Car and Commercial Vehicle segments experienced mixed performance, the positive trend in key segments helped maintain overall growth.
Steel Strips Wheels saw a slight increase in its share price, opening at ₹194.99, up from the previous close of ₹193.35. The stock fluctuated within a range, hitting a low of ₹194.25 and a high of ₹199.90 today. Over the past 52 weeks, the stock has experienced a low of ₹171.02 and a high of ₹284.00.
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