The company posted a 47% year-on-year increase in gross net profit to ₹69.45 crore for the first quarter of FY27, compared with ₹47.24 crore in the corresponding period last year.
Revenue from operations rose 27.2% year-on-year to ₹1,509.8 crore, up from ₹1,186.8 crore a year ago.
Gross EBITDA climbed 34% to ₹162.95 crore from ₹121.52 crore in the year-ago quarter. EBITDA margin also improved to 10.8% from 10.2%, indicating better operating efficiency.
June business update
Steel Strips Wheels posted its monthly business update of June 2026, with broad-based growth across its truck, tractor and EV-linked segments, alongside a recovery in export value growth.
The company reported a 36.8% year-on-year increase in net turnover to ₹479.87 crore in June 2026, compared with ₹350.67 crore a year earlier. Gross turnover rose 30% to ₹554.10 crore from ₹426.31 crore, while monthly alloy products sales increased 23% year-on-year by volume.
The company also said its 2- and 3-wheeler segment was the fastest-growing business during the month, with value growth of 74% and volume growth of 40% compared with the previous year. It attributed the sharp increase to rising adoption of electric vehicles and a shift towards higher-value products.
Q4 results
Steel Strips Wheels reported a flat net profit of ₹61 crore for the fourth quarter of FY26, compared with the corresponding period a year earlier. Despite the stable bottom line, the company recorded healthy topline growth during the quarter.
Revenue from operations rose 19.5% year-on-year to ₹1,474 crore, up from ₹1,234 crore in the year-ago period. EBITDA increased 12% to ₹150 crore from ₹134 crore, while the EBITDA margin narrowed to 10.2% from 11% in the corresponding quarter last year.
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