Steel Strips Wheels zooms on robust Q2 earnings,
Profit before tax (PBT) soared 225.17% to Rs 156.34 crore in Q2 FY27.
Total expenses increased 56.57% YoY to Rs 1,774.51 crore in Q2 FY27, compared with Rs 1,133.34 crore in Q2 FY26. Cost of material consumed stood at Rs 1313.60 crore (up 71.73% YoY), finance cost stood at Rs 35.21 crore (up 10.2% YoY) during the period under review.
For the half-year ended 30 September 2026, the company reported a consolidated net profit of Rs 186.40 crore, up 125.24% from Rs 82.76 crore in H1 FY26. Revenue from operations increased 44.08% YoY to Rs 3,439.74 crore in H1 FY27, compared with Rs 2,387.35 crore in H1 FY26.
Meanwhile, the company?s board declared interim dividend of Rs 1.50 per share for FY27. The company has fixed record date as on 30th October 2026.
Further, the board approved a proposal to establish a greenfield manufacturing facility at Chhatrapati Sambhajinagar (formerly Aurangabad), Maharashtra, for the production of alloy wheels, steel wheels for passenger vehicles and off-the-road (OTR) applications, along with a hot stamping line. The proposed facility entails an estimated investment of Rs 1,400 crore, spread over approximately 60 months, subject to obtaining the necessary regulatory approvals and clearances.
Additionally, the board approved the renewal of the lease agreement between the company and its wholly owned subsidiary, AWM Autocomponent (AACL), for a period of five years commencing 26 November 2026.
Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of the automobile industry. The firm operates in the automotive wheel segment. Its geographical segments include India and overseas.
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