Steel Strips Wheels Q1 profit jumps 43% to ₹71.5 cr
Revenue rose 27% to ₹1,510 cr in the first quarter of FY27, a strong start after the company set a ₹650 cr EBITDA target for the year.
— 4 earlier stories on Steel Strips Wheels Ltd. →What's new
- Standalone net profit up 43% YoY to ₹71.5 crore
- Revenue climbed 27% to ₹1,510 crore
- Consolidated net profit up 47% to ₹69.5 crore
Why this matters
The profit surge marks a strong opening to FY27, putting the company on track toward its ₹650 cr EBITDA target. The result reverses a period of near-flat trailing PAT growth and suggests the auto ancillary cycle is lifting the company. But the stock's P/E of 19x leaves little room for error.
What we're watching
- Whether the momentum in the auto ancillary cycle sustains into Q2
- Any update on the customs notice paid last quarter
- Progress on the planned ₹500 cr Bhuj plant
The full read
Steel Strips Wheels kicked off FY27 with a strong quarter: standalone net profit jumped 43% to ₹71.5 crore on revenue of ₹1,510 crore, a 27% year-on-year gain. That stands in contrast to the trailing PAT growth of just 0.2% in the prior four quarters. The company set a ₹650 crore EBITDA target for the year just weeks ago, and this result puts it on a solid footing to deliver. The board merely approved the numbers. No surprises. The next test is whether the auto ancillary cycle has further room to run and whether the planned ₹500 crore Bhuj plant adds capacity before demand wanes.
Questions answered
- How does this Q1 result compare to the previous quarter?
- Revenue improved from ₹1,475 cr in Q4 FY26 to ₹1,510 cr, and net profit jumped from ₹61 cr to ₹71.5 cr, accelerating from the 0.2% trailing PAT growth.
- What is driving the 43% profit growth?
- Revenue rose 27% YoY, and profit grew faster, indicating improved cost absorption and mix. The company likely benefited from scale as volumes picked up.
- Is this result in line with management's FY27 guidance?
- Yes. Management had set a ₹650 cr EBITDA target for FY27. A strong first quarter supports the feasibility of that target, though Q1 EBITDA data is not directly provided.
- Did the board announce any other decisions?
- No. The board only approved the unaudited results and the limited review reports. No dividends or buybacks were mentioned.
- How does the market view Steel Strips Wheels at current valuation?
- With a P/E of 19x and ROE of 12%, the stock trades at a moderate premium. The strong result may justify the valuation if growth sustains, but any miss could trigger a de-rating.
Steel Strips Wheels Ltd.
Latest quarter · Jun 2026
Strength & growth
Story so far
All notes on SSWL →- 15 Jul 2026 · 12:21 PM IST Steel Strips Wheels Q1 profit jumps 43% to ₹71.5 cr
- today Steel Strips Wheels sees steel wheel revival, lifts capex to ₹650 cr, delays knuckle
- 1d ago Steel Strips Wheels Q1 profit jumps 43% to ₹71.5 cr
- 29d ago Steel Strips Wheels pays ₹1.7 cr Customs notice before it's even issued
- 41d ago SSWL sets ₹650 cr EBITDA target for FY27, plans ₹500 cr Bhuj plant