Steel Strips Wheels has reported results for first quarter ended June 30, 2022.
The company has reported a fall of 5.78% in its net profit at Rs 48.13 crore for the quarter under review as compared to Rs 51.08 crore for the same quarter in the previous year. However, total income of the company increased by 49.34% at Rs 1016.11 crore for Q1FY23 as compared Rs 680.40 crore for the corresponding quarter previous year.
Steel Strips Wheels (SSWL) is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims 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.
