Gross turnover for the period under review increased 44.7% year-on-year (YoY) to Rs 687.51 crore.

The performance was broad-based, led by aluminium products, which grew 73% YoY by value, followed by 2/3-wheelers (up 61% YoY) and trucks (up 53% YoY). Exports also remained strong, with overall export sales increasing 63% YoY by value.

The company attributed the growth to sustained commercial-vehicle demand, the continued ramp-up of aluminium wheel volumes for passenger vehicles and EV platforms, improved capacity utilisation and stronger OEM relationships.

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.

The company has reported a 47.01% year-on-year (YoY) increase in consolidated net profit to Rs 69.45 crore in Q1 FY27, compared with Rs 47.24 crore posted in Q1 FY26. Revenue from operations jumped 27.21% YoY to Rs 1,509.81 crore in Q1 FY27 as against Rs 1,186.78 crore in Q1 FY26.