Shares of Steel Strips Wheels Limited (SSWL) surged nearly 8% in early trade today after the company reported a strong operational performance for March 2026, marking a record-breaking month in its growth trajectory.
The stock rose 7.75% to ₹183.63 during the session, supported by robust business updates indicating healthy demand across key segments and double-digit growth in turnover.
In its latest exchange filing, the company said it achieved its highest-ever monthly sales, crossing the ₹500 crore mark for the first time. The performance was driven by strong demand across commercial vehicles and agricultural segments, along with steady growth in passenger vehicle categories.
On the financial front, SSWL reported net turnover of ₹520.75 crore for March 2026, compared to ₹433.70 crore in the same month last year, reflecting a 20.07% year-on-year increase. Gross turnover stood at ₹603.92 crore, up 14.13% from ₹529.15 crore reported in March 2025.
Segment-wise, the company saw notable growth in its core categories. The commercial vehicle (truck) segment recorded its highest-ever sales, with volumes rising 14% YoY, while the tractor segment posted strong momentum with a 31% YoY increase in volumes, indicating robust rural and agricultural demand.
The passenger vehicle alloy segment also witnessed steady growth, with a 20% rise in value terms and 14% increase in volumes. However, the passenger vehicle steel segment saw a decline, with volumes down 11% YoY. Exports remained weak, with overall export volumes falling 54% and value declining 44% during the month.
Overall, the company reported 20% YoY growth in value terms and 8% growth in volumes, highlighting broad-based demand strength across domestic segments despite softness in exports.
The strong monthly performance and record sales milestone have supported investor sentiment, with the stock reacting positively in early trade.