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Steel Strips Wheels Ltd crosses 300 Crores monthly sales for the first time in July 2021

Posted On: 2021-08-02 07:44:55 (Time Zone: UTC)

Steel Strips Wheels Ltd (SSWL) has achieved highest ever Net turnover of Rs.306.12 Crs in July 2021 Vs Rs.110.35 Crs in July 2020, recording a growth of 177.41 % YOY and achieved Gross turnover of Rs 372.22 Crs in July 2021 Vs 132.75 Crs in July 2020, there by recording a growth of 180.39 % YOY.

Exports Segment volume rose by 164%. The export segment achieved highest ever sales and crosses 100 Cr first time ever in July 2021, and expects the growth to continue going ahead in Q2 of FY 2l-22.

PV segment volume grew by 66% YOY. The PV volumes saw a growth with Continued demand, going ahead towards festival season we hope that the upward growth for PV segment going ahead in Q2.

Tractor volumes rose by 2l% YoY. The tractor segment continued to report a positive growth in the month / as SSWL registers its highest ever sales in the segment in Jul-2021, we hope that this will continue with upward trend for Q2.

Commercial Vehicles segment volumes rose by 188% YoY. The CV segment reported 188% growth YoY. The segment is expected to witness momentum going ahead in coming months.

2 & 3 Wheelers Segment volume rose by 89%. The 2/3 wheeler segment shows positive growth. Going ahead with festival season coming on The segment is expected to recover and show growth in the Q2 and Q3.

Shares of Steel Strips & Wheels Ltd was last trading in BSE at Rs. 1371 as compared to the previous close of Rs. 1367.9. The total number of shares traded during the day was 13113 in over 1732 trades.

The stock hit an intraday high of Rs. 1383.35 and intraday low of 1336.5. The net turnover during the day was Rs. 17744359.

Source: Equity Bulls

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