Steel Strips Wheels delivered exceptional performance in August 2026, reporting its highest ever monthly net turnover with net turnover rising 53.62% year-on-year to ₹592.92 crore compared to ₹385.98 crore in August 2025. According to latest reports from Business Standard, the company's gross turnover increased 45% YoY to ₹687.51 crore during the period under review, up from ₹475.06 crore in the same period last year. The strong performance was reflected in the stock price, which jumped 7.29% to ₹328.25 following the announcement. The company disclosed these figures to BSE and NSE on September 1, 2026, noting that August marked the second consecutive month of record turnover.
The growth was broad-based across multiple segments, with aluminium products leading the charge with 73% YoY growth by value, outpacing a 30% volume increase. As reported by Business Standard, 2/3-wheelers segment grew 61% YoY and trucks segment increased 53% YoY by value, led by sustained commercial vehicle offtake. The company's export sales remained robust with 63% YoY growth by value despite only a 7% volume increase, demonstrating strong international demand for its products. Growth was recorded across every segment the company operates in, both by volume and by value. In volume terms, overall growth across domestic and export markets came in at 24% year-on-year, while total value growth reached 54%, indicating a favourable shift in product or customer mix. The performance was attributed to sustained commercial-vehicle demand, continued ramp-up of aluminium wheel volumes for passenger vehicles and EV platforms, improved capacity utilisation and stronger OEM relationships.
The strong monthly performance builds on the company's impressive quarterly results for Q1 FY27. According to Business Standard, Steel Strips Wheels reported a 47.01% YoY increase in consolidated net profit to ₹69.45 crore compared with ₹47.24 crore posted in Q1 FY6. Revenue from operations jumped 27.21% YoY to ₹1,509.81 crore in Q1 FY7 as against ₹1,186.78 crore in Q1 FY6. The company operates in the automotive wheel segment across India and overseas markets, manufacturing steel wheel rims for different automobile industry segments.
The results come against the backdrop of a recovering Indian automotive sector, where original equipment manufacturers across categories have reported improved production and dispatches through 2025 and into 2026. Rising demand for EVs and increased localization of components have also supported suppliers like SSWL that have invested in aluminium wheel capacity. The company attributes the strong aluminium segment performance to continued ramp-up of volumes for passenger vehicle and electric vehicle platforms, reflecting broader industry trends around lightweighting and the gradual shift toward EVs in the Indian automotive market. SSWL manufactures steel and aluminium wheels for a range of vehicle categories including passenger cars, commercial vehicles, two and three-wheelers, tractors, and electric vehicles, headquartered in Chandigarh with multiple manufacturing facilities across India.
