Steel Strips Wheels Ltd announces revenue growth of 11% YoY in October 2022

SSWL has achieved Net turnover of Rs.334.42 Crores in October 2022 Vs Rs. 300.58 Crores in October 2021, recording a growth of 11% YOY and achieved Gross turnover of Rs 417.03 Crores in October 2022 Vs 355.73 Crores in October 2021, there by recording a growth of 17% YOY. The Growth was held back by a margin due Diwali Manufacturing Holidays at the customer end in October 2022.

The Monthly Revenue in Alloy Wheels grew by 103% YOY and Monthly Revenue in CV grew by 41%.

Shares of Steel Strips Wheels Limited was last trading in BSE at Rs. 795.70 as compared to the previous close of Rs. 804.70. The total number of shares traded during the day was 8406 in over 1084 trades.

The stock hit an intraday high of Rs. 810.35 and intraday low of 783.25. The net turnover during the day was Rs. 6722905.00.

Source : Equity Bulls

Keywords

SteelStripsWheels INE802C01017 SSWL SalesVolume October2022