Steel Strips Wheels Ltd. - SSWL JUNE SALES HIGHLIGHT

| Updated on July 03, 2019 Published on July 03, 2019

SSWL achieved June 2019 total wheel rim sales of 11.28 Lacs Vs 12.66 Lacs in June 2018 representing a de-growth of 10% YoY. The June month had a shutdown coupled with major inventory reduction exercise going on at all car manufacturers end. We expect this to continue in July and come to normal levels of inventory by July to normalize production.
SSWL has achieved gross turnover of Rs 168.34 Crs in June 2019 Vs 197.60 Crs in June 2018, there by recording a de-growth of 15% and achieved Net turnover of Rs.139.54 Crs in June 2019 Vs Rs.155.96 Crs in June 2018, recording a de-growth of 10%.
Q2 of 19-20 will be the record quarter for the organization with highest eve volume for the company with record volumes for exports. We expect the Dappar plant and Chennai car plants to run at 100% utilization in q2 of 19-20 onwards. The export segment will make good for the entire loss of production of domestic car and 2-3 wheelers and will ensure 100% utilization of the production facilities.
Segment wise Breakup of growth
Segment June Growth (YoY)
Passenger Car -22%
Exports +91%
Tractor -28%
Truck -28%
2 & 3 Wheelers -9%
Overall -10%

Pdf Link: Steel Strips Wheels Ltd. - SSWL JUNE SALES HIGHLIGHT

Source : BSE - www.bseindia.com

Published on July 03, 2019
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