Steel Strips Wheels Q1 FY27 Revenue Up 27% to ₹1,509 Cr; PAT Jumps 43%
Steel Strips Wheels Limited (SSWL) reported Q1 FY27 revenue of ₹1,509 crore, a 27% YoY increase. PAT grew 43% YoY to ₹71.51 crore. EBITDA per wheel reached ₹314. The company is investing in new facilities in Bhuj for aluminium wheels and knuckles, with trial production expected in Q4 FY27. SSWL targets over 20% top-line growth for FY27.
The significant year-on-year growth in key financial metrics, coupled with strategic capacity expansions and positive future outlook, is likely to have a high impact on investor sentiment and the company's stock.
The company reported strong year-on-year growth in revenue, EBITDA, and profit after tax, along with positive commentary on future growth prospects and capacity expansions.
Steel Strips Wheels Limited (SSWL) reported a robust performance for the first quarter of FY27, with revenue growing by 27% year-on-year to ₹1,509 crore. The company's standalone EBITDA, including other income, increased by 32% year-on-year to ₹165.17 crore, with EBITDA per wheel rising to ₹314 from ₹262 in Q1 FY26. Profit after tax (PAT) saw a significant jump of 43% year-on-year, reaching ₹71.51 crore, with PAT margins improving to 4.7%.
The company highlighted strong momentum across its alloy wheels, tractor wheels, and commercial vehicle segments, driven by improved domestic demand. The alloy wheel business, contributing 35% of revenue, continues to be a key growth driver. The aluminium knuckle business is progressing as planned, with capacity expansion at the Bhuj facility on track.
SSWL is setting up two manufacturing facilities in Bhuj: an aluminium wheel plant with a capacity of 1.2 million wheels and an aluminium knuckles facility with a capacity of 1.1 million units. Trial production for these is expected to commence in the fourth quarter of the current financial year. The company is targeting a top-line growth of over 20% for FY27 and aims to increase EBITDA per wheel to over ₹310.
Management expressed optimism about the export market, with demand showing recovery and improved business momentum. Diversification of the export portfolio across Europe and Latin America has reduced dependence on single geographies. The company is also undertaking a Brownfield expansion for agriculture wheels and passenger car wheels, which is expected to be commercialized by the end of the calendar year.
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