Steel Strips Wheels Ltd. Reports Highest-Ever Monthly Sales in January 2025

Mike

BSE: 513262 | NSE: SSWL
February 1, 2025
Steel Strips Wheels Ltd. (SSWL) has reported its highest-ever monthly net turnover of ₹409.16 crore in January 2025, marking a 7.54% year-on-year (YoY) increase from ₹380.47 crore in January 2024. Additionally, the company's gross turnover reached a record ₹500.42 crore, reflecting a 6.79% YoY growth.

Segment-Wise Growth Breakdown

SSWL's growth has been driven by a strong performance in key segments, particularly in Aluminum Wheels and Tractor Wheels:

Segment (Domestic + Exports)	YoY Growth (Volume)	YoY Growth (Value)
Tractor Segment	33%	31%
Aluminum Segment	16%	26%
Passenger Car - Steel	12%	3%
Commercial Vehicle Segment	-8%	-11%
2&3 Wheeler Segment	-9%	6%
Exports (Overall)	20%	9%
Overall Growth	8%	8%

The aluminum segment recorded a 26% YoY increase in revenue, while the tractor segment grew by 31% YoY in value terms, further solidifying its stronghold in the market. Exports also surged 9% by value, showcasing growing global demand.

Outlook

SSWL’s record-breaking performance in January 2025 reflects its strong market position, expanding global reach, and rising demand in key segments. Despite challenges in the commercial vehicle and 2&3 wheeler segments, the company's growth in the aluminum and tractor categories has significantly contributed to its overall revenue expansion.
This performance positions SSWL well for continued growth in the coming quarters, reinforcing its leadership in the wheel manufacturing sector.