Steel Strips Wheels (SSWL) has reported 11.52% fall in its total wheel rim sales to 10.29 lakh in June 2017, as compared to 11.63 lakh in June 2016. The drop was majorly due to GST implementation in June, and all the destocking being done by all across the OEMs.
In terms of value, the company has achieved gross turnover of Rs 112.45 crore in June 2017 compared to Rs 122.10 crore in June 2016, there by recording a drop of 8% and achieved net turnover of Rs 100.43 crore in June 2017 compared to Rs 109.83 crore in June 2016, recording a drop of 8%.
