Steel Strips Wheels has reported results for first quarter ended June 30, 2023 (Q1FY24).
Steel Strips Wheels (SSWL) has reported 1.10% fall in its net profit at Rs 47.60 crore for the quarter under review as compared to Rs 48.13 crore for the same quarter in the previous year. However, total income of the company increased by 32.07% at Rs 1048.61 crore for Q1FY24 as compared Rs 1016.11 crore for the corresponding quarter 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.
