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SSWL achieves highest ever Exports volume sales in April 2021

Posted On: 2021-05-03 04:40:59 (Time Zone: UTC)


Steel Strips Wheels Ltd (SSWL) SSWL has achieved second highest Net turnover of Rs. 235.28 Crs in April 2021 Vs Rs. 253.29 Crs in March 2021, thereby recording decrease of 7.11 % & achieved gross turnover of Rs 284.34 Crs in April 2021 Vs 307.38 Crs in March 2021, there by recording a decrease of 7.49% MOM.

SSWL achieved wheel rim sales of 14.77 Lacs in April 2021 Vs 16.73 Lacs in March 2021 representing a decrease of 11.71% MOM.

Exports - Up 4% MOM
Passenger Car - Down 7% MOM
Tractor - Down 7% MOM
Truck - Down 34% MOM
2 & 3 Wheelers - Down 46% MOM
Overall - Down 11.71% MOM

Exports Segment volume rose by 4% MOM. The export segment achieved its highest ever sales by volume in April-21, and expected to grow further. The segment still has order backlogs and we expect to maintain current sales volume run rate going ahead.

Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.712.6 as compared to the previous close of Rs. 706.05. The total number of shares traded during the day was 1082 in over 190 trades.

The stock hit an intraday high of Rs. 718.95 and intraday low of 690.4. The net turnover during the day was Rs. 769715.


Source: Equity Bulls

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