Steel Strips Wheels (SSWL) has reported results for third quarter ended December 31, 2020.
The company has reported over 4- fold jumps in its net profit of Rs 28.76 crore for the quarter under review as compared to net profit of Rs 6.29 crore for the same quarter in the previous year. Total income of the company increased by 52.10% at Rs 528.34 crore for Q3FY21 as compared Rs 347.36 crore for the corresponding quarter previous year.
SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.
