Steel Strips Wheels shares jumped 5% after the company reported a remarkable performance for December 2024, with a net turnover of Rs 364.74 Crores, reflecting a Year-Over-Year (YOY) growth of 9.81% compared to Rs 332.15 Crores in December 2023. The company’s gross turnover stood at Rs 444.81 Crores, showing a YOY increase of 10.19% from Rs 403.69 Crores in the same period last year.
As of 12:39 PM, Steel Strips Wheels shares were trading 5.88% higher at Rs 209.00.
Segment-Wise Growth Breakdown:
- Tractor Segment: Significant growth with 57% increase in volume and 67% in value.
- Passenger Car – Alloy Wheels: Strong 17% volume growth and 29% value growth.
- Passenger Car – Steel Wheels: Modest growth with a 7% volume and 2% value increase.
- Truck Segment: Decline of 3% in both volume and value.
- 2 & 3 Wheeler Segment: 17% volume growth, with no significant value change.
- Exports: Overall exports increased by 10% in volume and 3% in value.
The overall business achieved a 7% growth in volume and a 10% increase in value. This strong performance highlights Steel Strips Wheels’ continued dominance in the wheel manufacturing industry.
In the meantime, Steel Strips Wheels shares opened at ₹197.39 today, hitting a high of ₹209.74 and a low of ₹196.70. The stock remains well below its 52-week high of ₹289.50 but slightly above its 52-week low of ₹188.85.
