Steel Strips Wheels sees strong October sales growth despite declines in key segments

Steel Strips Wheels Limited (SSWL) recorded a monthly net turnover of ₹420.10 crore in October 2025, a substantial increase from ₹370.05 crore in October 2024, representing a year-on-year (YOY) growth of 13.53%. The company also achieved a gross turnover of ₹485.94 crore in October 2025, up from ₹455.24 crore in October 2024, marking a 6.74% YOY growth.

The company's monthly sales grew by 14% YOY in October 2025. Aluminium products saw their highest-ever monthly sales, with a 32% YOY volume growth and a 41% YOY value growth. The tractor segment also performed strongly, registering a 23% YOY volume growth and a 16% YOY value growth.

However, some segments experienced declines: passenger car (steel) sales decreased by 4% in volume and 11% in value, while exports overall saw a 66% drop in volume and a 48% fall in value YOY. Despite these contractions, the overall growth for October 2025 stood at 4% by volume and 14% by value.