Steel Strips Wheels' Q2 FY 2025-26 Quarterly Results

Result Summary

• Steel Strips Wheels Ltd reported a 1.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 9.7%.
• Its expenses for the quarter were up by 2.4% QoQ and 11.6% YoY.
• The net profit decreased 24.8% QoQ and decreased 23.0% YoY.
• The earnings per share (EPS) of Steel Strips Wheels Ltd stood at 2.25 during Q2 FY 2025-26.

Financial Statments for Q2 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 (SSWL) is a company primarily engaged in the manufacturing and sale of steel wheels. The company operates in the automotive components industry, providing products essential for various types of vehicles, including passenger cars, two-wheelers, and commercial vehicles. As of the latest update, specific recent developments or strategic initiatives by the company are not available. However, SSWL is known for its focus on innovation and quality in wheel manufacturing, catering to both domestic and international markets. The company's reputation in the industry is built on its consistent product quality and robust manufacturing capabilities.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Steel Strips Wheels Ltd reported a total income of ₹1201.49 crores. This represents a quarter-over-quarter (QoQ) increase of 1.2% from the first quarter of fiscal year 2026 (Q1FY26), where the revenue stood at ₹1187.59 crores. On a year-over-year (YoY) basis, there was a significant increase of 9.7% compared to the second quarter of fiscal year 2025 (Q2FY25), when the revenue was ₹1095.59 crores. These figures reflect the company's ability to maintain revenue growth both on a quarterly and annual basis.

Profitability

Profitability metrics for Steel Strips Wheels Ltd in Q2FY26 indicate a decrease in profit margins compared to previous periods. The company reported a profit before tax (PBT) of ₹48.15 crores, which is a decline of 21.2% QoQ from Q1FY26's PBT of ₹61.11 crores and a 22.1% decrease YoY from Q2FY25's PBT of ₹61.84 crores. The tax expense for Q2FY26 was ₹12.56 crores, reflecting a reduction of 9.6% QoQ and 20.6% YoY. Consequently, the profit after tax (PAT) for Q2FY26 was ₹35.52 crores, marking a decline of 24.8% from Q1FY26 and 23.0% from Q2FY25. The earnings per share (EPS) also decreased by 25.0% QoQ and 23.2% YoY, standing at ₹2.25 in Q2FY26.

Operating Metrics

The total expenses for Steel Strips Wheels Ltd in Q2FY26 were ₹1153.34 crores, which is a 2.4% increase QoQ from ₹1126.48 crores in Q1FY26 and an 11.6% increase YoY from ₹1033.75 crores in Q2FY25. The increase in expenses has outpaced the growth in total income, which has impacted profitability. The company's operating metrics suggest an ongoing trend of rising costs, which may be attributed to various factors typical in the manufacturing sector, such as raw material costs, labor expenses, and other operational expenditures. These metrics underline the importance of cost management in maintaining profitability amid growing revenue.