Steel Strips Wheels Ltd Q1 FY26 Earnings Results – 9% rise in Profits

Steel Strips Wheels Ltd was incorporated in 1985 and started its operations in 1991. It designs, manufactures, and supplies Steel Wheel Rims and Alloy Wheels for a wide range of domestic and global automobile makers. It is Headquarter in Chandigarh. Presenting below are its Q1 FY26 earnings.

 

Q1 FY26 Earnings Summary

• Standalone Revenue from Operations: Approximately ₹1,186.78 crore, up about 15.75% year-over-year (YoY).

• Net Profit (Standalone PAT): Approximately ₹49.94 crore, up about 9% YoY from ₹46.2 crore in Q1 FY25.

• EBITDA: About ₹125.15 crore for the quarter.

• EBIT Margin: Around 8.7-9.1%, consistent with prior quarters.

• Growth Drivers: Volume growth driven by improving demand in automotive sector and strong operational execution.

• Segment Performance: Core wheel manufacturing and allied auto component operations showed steady growth; export revenues contributing positively.

 

Key Management Commentary & Strategic Highlights

• Management highlighted steady growth in automotive OEM demand contributing to volume and revenue expansion.

• Operational efficiencies and cost management efforts helped maintain stable margins despite inflationary pressures.

• Focus on increasing capacity utilization and new client additions in domestic and export markets.

• Emphasis on product quality, innovation, and compliance with new automotive standards driving competitive advantage.

• Outlook remains cautiously optimistic based on improving industry demand, supply chain normalization, and new product launches.

 

 

Q4 FY25 Earnings Summary

• Consolidated Total Income: Around ₹1,237 crore, with a growth of roughly 15% YoY.

• Profit After Tax (PAT): Between ₹62 crore range across standalone and consolidated, consistent with sequential improvements.

• EBITDA: Approximately ₹112 crore.

• Margins: EBIT margin was near 8.9–9.1%.

• Performance Drivers: Strong volumes in wheels and centrifugal components; favorable demand from key automotive customers.

• Operational Notes: Cost controls and efficiency improvements aided profitability despite raw material price fluctuations.

 

To view its previous earnings, please click here