Steel Strips Wheels
Steel Strips Wheels February 2021 gross turnover moves up by 57.10 pc to Rs 260.77 cr
Mumbai/UNI: Steel Strips Wheels Ltd (SSWL) reported a rise of 57.10 per cent in its gross turnover for the month of February 2021 at Rs 260.77 crore as compared with Rs 165.89 crore in February 2020.
Net turnover for the month under review rose by 55.65 per cent to Rs 214.45 crore as compared with Rs 137.77 crore in February 2020.
SSWL achieved wheel rim sales of 15.22 laks in February 2021 Vs 12.98 lakhs in February 2020 representing a growth of 17 per cent YoY.
Alloy Wheel sales Volume Grew by 176 pc YOY in February 2021.
Truck Wheel Sales Volume Grew by 81 pc YOY in February 2021.
Exports Segment volume rose by 19 pc YOY. The export segment is expected to grow by double digits in coming months.
PV segment grew by 23 pc YoY - The PV volumes saw a growth with continued demand, despite of semiconductor shortages in the segment and we hope that the upward growth for PV segment going ahead in Q4.
Tractor volumes rose by 33 pc YoY. The tractor segment continued to report a positive growth in the month, we hope that this will continue with upward trend for Q4 supported further by the upcoming demand during the season.
Commercial Vehicles segment volumes rose by 81pc YoY - The CV segment reported 81% growth YoY. The segment is expected to witness momentum going ahead in coming months with scrappage policy in place.
2 & 3 Wheelers segment fell 28 pc - The 2/3 wheeler segment continued its drag. The segment is expected to recover in coming times.
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