SSWL has reported results for third quarter ended December 31, 2022.
The company has reported rise of 2.52% in its net profit at Rs 43.77 crore for Q3FY23 as compared to Rs 42.69 crore for the corresponding quarter previous year. Total income of the company increased by 9.08% to Rs 940.48 crore for the quarter under review as compared to Rs 862.21 crore for the same quarter in the previous year.
Steel Strips Wheels (SSWL) 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.
