Steel Strips Wheels' Q1 FY 2025-26 Quarter Results

Result Summary

• Steel Strips Wheels Ltd reported a 10.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 15.7%.
• Its expenses for the quarter were up by 10.1% QoQ and 15.9% YoY.
• The net profit decreased 90.8% QoQ and increased 15.8% YoY.
• The earnings per share (EPS) of Steel Strips Wheels Ltd stood at 3 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Steel Strips Wheels Ltd is a company that primarily operates in the automotive industry, focusing on the manufacturing of steel wheel rims for a variety of vehicles including passenger cars, tractors, and two-wheelers. The company is known for its innovation in wheel technology and caters to both domestic and international markets. Recent developments are not included in the provided data, and any additional updates about the company's operations or strategic initiatives are not available within this context.

Revenue

For the first quarter of fiscal year 2026 (Q1FY26), Steel Strips Wheels Ltd reported a total income of ₹1187.59 crores. This represents a quarter-over-quarter (QoQ) increase of 10.6% from ₹1073.47 crores in Q4FY25. On a year-over-year (YoY) basis, total income grew by 15.7% from ₹1026.59 crores in Q1FY25. This growth indicates a healthy increase in revenue generation over both the previous quarter and the same quarter last year. The increase in total income can be attributed to various factors such as improved sales volumes, pricing strategies, or market expansion, though specific reasons are not detailed in the provided data.

Profitability

In Q1FY26, Steel Strips Wheels Ltd recorded a profit before tax of ₹61.11 crores, which is a significant decline of 88.3% compared to ₹522.99 crores in Q4FY25. However, compared to ₹54.66 crores in Q1FY25, there is an 11.8% increase. After accounting for taxes amounting to ₹13.89 crores, the profit after tax for Q1FY26 stood at ₹47.24 crores, compared to ₹515.56 crores in Q4FY25 and ₹40.81 crores in Q1FY25, marking a YoY growth of 15.8% but a substantial QoQ decrease of 90.8%. The earnings per share similarly fell from ₹32.80 in Q4FY25 to ₹3.00 in Q1FY26, although they showed a YoY increase from ₹2.60 in Q1FY25. The significant decline in profitability from the previous quarter highlights changes in expense management or operational efficiency that are not specified in the data.

Operating Metrics

Total expenses for Q1FY26 were ₹1126.48 crores, reflecting a 10.1% increase QoQ from ₹1023.58 crores in Q4FY25 and a 15.9% increase YoY from ₹971.93 crores in Q1FY25. The proportionate increase in expenses compared to income suggests consistent operational scaling. The tax expenses for Q1FY26 were ₹13.89 crores, identical to Q1FY25, but represented an increase from ₹7.40 crores in Q4FY25. This change in tax expenses is notable, as it indicates variations in taxable income or tax rates applicable during the quarter. The financial ratios such as P/E ratio and other specific operating metrics are not directly calculable from the provided data. The trends in expenses and profitability metrics emphasize the need to consider multiple quarters for understanding the underlying operational dynamics.