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7:48 am - Friday December 15, 2017

SSWL reports 8 percent rise in total wheel rim sales in November

Agencies: SSWL total wheel rim sales rises 8 percent in November Mumbai, Dec 04 (UNI)Steel Strips Wheels (SSWL) has reported 8 percent rise in its total wheel rim sales to 12.92 lakh in November 2017, as compared to 11.99 lakh in November 2016.

In terms of value, the company has achieved gross turnover of Rs 172.75 crore in November 2017 compared to Rs 128.62 crore in November 2016, there by recording a growth of 34 percent and achieved net turnover of Rs 138.85 crore in November 2017 compared to Rs 115.25 crore in November 2016, recording a growth of 20 percent.

Exports shipments saw a good rebound as fresh orders revive the growth from European markets. We expect the growth to bounce back in Q4 very sharply with start of our truck wheel exports from Chennai, the company said in the BSE filing.

Posted in: Business

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