SSWL reports 82% rise in Q2 net profit
10th Oct 2020

Steel Strips Wheels (SSWL) has reported results for second quarter ended September 30, 2020.

The company has reported 82.31% rise in its net profit of Rs 14.02 crore for the quarter under review as compared to net profit of Rs 7.69 crore for the same quarter in the previous year. Total income of the company increased by 11.10% at Rs 409.91 crore for Q2FY21 as compared Rs 368.97 crore for the corresponding quarter previous year.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches 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.