SSWL Reports 12.39% Growth in Income In Dec at Rs 178.39 Cr – CORPORATE ETHOS

SSWL Reports 12.39% Growth in Income In Dec at Rs 178.39 Cr

By: | January 2, 2019

Steel Strips Wheels Ltd (SSWL) has reported a gross turnover of Rs 178.39 cr in December 2018 representing a growth of 12.39%.

The company achieved total wheel rim sales of 11.30 lakh in December as agasint 10.98 lakh in December last year, representing a growth of 3% Y-o-Y.Commercial vehicles segment volumes grew by 14% Y-o-Y as export shipments remained at record levels with demand from US being very strong. Exports grew 32% with record truck segment export to USA. Passenger car segment volumes fell 4% while 2 & 3 wheelers segment grew 17%, while tractor volumes fell by 10% due to seasonal factors.