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Steel Strips Wheels reports 14% fall in Q1 consolidated net profit

23 Jul 2024 Evaluate

Steel Strips Wheels has reported results for first quarter ended June 30, 2024 (Q1FY25). 

The company has reported 2.94% fall in its net profit at Rs 46.20 crore for the quarter ended June 30, 2024 as compared to Rs 47.60 crore for the same quarter in the previous year. Total income of the company decreased by 1.85% at Rs 1,029.23 crore for Q1FY25 as compared to Rs 1,048.61 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 13.92% fall in net profit at Rs 40.81 crore for Q1FY25 as compared to Rs 47.41 crore for the same quarter in the previous year. Total income of the company decreased by 2.10% at Rs 1026.59 crore for Q1FY25 as compared to Rs 1048.61 crore for the corresponding quarter previous year.


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