BSECompany Update22h ago · 30 Oct 2026, 06:15 pm

As per attachment enclosed.

Steel Strips Wheels Ltd-$ · 513262

✦ AI Summary▲ PositiveResults

Steel Strips Wheels Ltd has announced its Q2 FY27 earnings, with revenue growing 61% Y-o-Y to INR1,930 crores, and profit after tax growing 209% Y-o-Y to INR119 crores. The company has also approved an interim dividend of INR1.50 per equity share.

Analysis Scores

Earnings Impact9/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment9/10

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Steel Strips Wheels Ltd-$ - 513262 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

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STEEL STRIPS WHEELS LTD. CIN: 127'l07PBl 985P1C0061 59 Head Office 150/T516949 Certified SCO 49-50, Sector 26, TEEL STRIPS GROUP Madhya Marg, Chandigarh 160 019 (lNDlA) Tel : +9'l 172-2793112, 2790979, 2792385 Fax : +91 172-2794834 12790887 Website : wwwsswlindia.com Date:30.10.2026 BSE Limited The National Stock Exchange of India Limited Depaftment of Corporate Services, Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, G Block, Dalal Street, Bandra - Ku rla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 513262 NSE Symbol: SSWL Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2O15: Transcripts of Conference Cal! (Earnings Call) - Analysts/Institutional Investors Meet Dear Sir/Ma'am, Please find enclosed the transcripts with respect to "e2Fy27 Financial Performance Conference Call (Earnings Call)" held with An a lysts/In stitution a I Investors on 26.10.2026. The aforesaid transcript is also available on the Company's website at httos://sswlind ia. com/investo rslanalysts-investors#tra n scriDts- of- fe re nce- il- ith-anal n st it utio n -investo Kindly take the above on your records please Thanking you. Yours faithfu lly, For Steel Strips Wheels Limited ( Kanika Sapra) Company Secretary & Compliance Officer Regd.ofrice: V r Eei mll ta a.g ite + :e S hto d1m 1 t 6h @2e 1r i 2/ sL , wse 2h ljn4li. ds ,p O 2 .7 c. sD B ma 7 o zo . a z. etr bs_ stT ie tt ht s :i l e D "ie w,r a w_b a g .s ss ilr i. n D u tis ;, ;t t ;. zM .;io ;' "hi "ailii,t 'punjab (lndia) “Steel Strips Wheels Limited Q2 FY27 Earnings Conference Call” October 26, 2026 MANAGEMENT: MR. DHEERAJ GARG – MANAGING DIRECTOR – STEEL STRIPS WHEELS LIMITED MR. RAHUL KUMAR – CHIEF FINANCIAL OFFICER -- STEEL STRIPS WHEELS LIMITED MR. ADITYA DIXIT – EXECUTIVE DIRECTOR, INTERNATIONAL MARKETING AND OPERATIONS – STEEL STRIPS WHEELS LIMITED MR. PRANAV JAIN – VICE PRESIDENT, FINANCE – STEEL STRIPS WHEELS LIMITED MODERATOR: MR. DINESH KUMAR – 360 ONE CAPITAL MARKET PRIVATE LIMITED E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 26th October 2026 will prevail. Page 1 of 17 Steel Strips Wheels Limited October 26, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Steel Strips Wheels Limited Q2 FY27 Earnings Conference Call, hosted by 360 ONE Capital Market Private Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Dinesh Kumar from 360 ONE Capital Market Private Limited. Thank you, and over to you, Mr. Kumar. Dinesh Kumar: Good morning, everyone. On behalf of 360 ONE Capital Market, I would like to welcome you all to 2Q FY27 Earnings Call of Steel Strips Wheels Limited. Today, we have with us Mr. Dheeraj Garg, Managing Director; Mr. Rahul Kumar, Chief Financial Officer; Mr. Aditya Dixit, Executive Director, International Marketing and Operations; and Mr. Pranav Jain, Vice President, Finance. We will start the call with brief opening remarks from the management team, both the quarter gone by, and then we will proceed to the Q&A session. I will now hand the call over to the management team. Over to you, sir. Dheeraj Garg: Okay. Good morning, everyone. I hope you're all doing well and have had the opportunity to go through our financial results and the investor presentation, which has been already uploaded on the stock exchanges and our company's website. I'm pleased to share that the second quarter of financial year '27 was the strongest quarter in the company's history with the highest ever quarterly revenue, EBITDA and PAT. This reflects our continued focus on strengthening our market position and creating sustainable long-term value for all our stakeholders. Before I walk you through our performance, I would like to highlight that the Board has approved an interim dividend of INR1.50 per equity share. Now coming to our quarterly performance. Revenue grew 61% Y-o-Y to INR1,930 crores. Stand-alone EBITDA, including other income, stood at INR237 crores, up 107% Y-o-Y. EBITDA margin improved to 12.3% from 9.6% in quarter 2 of last financial year. And EBITDA per wheel rose to INR404 from INR242 same quarter last year. This improvement was driven by a richer product mix with a higher share of aluminum wheels, continued cost optimization across all our factories and a higher contribution from exports. In addition, as mentioned on the last call, we have received price revisions from customers for increase towards input costs other than raw material, which has further supported our margins. Profit after tax grew 209% Y-o-Y to INR119 crores, with PAT margin improving Page 2 of 17 Steel Strips Wheels Limited October 26, 2026 to 6.2% from 3.2%. Turning to our half year performance. Revenue for H1 stood at INR3,440 crores compared with INR2,387 crores in last year's same half, a growth of about 44%. Stand-alone EBITDA, including other income, stood at INR403 crores, up 68% Y-o-Y and EBITDA margin expanded to 11.7% from 10.1%. EBITDA per wheel for the first half stood at INR362 per wheel. That was in the full 6 months of this financial year. Profit after tax for the half year was INR190 crores, up 115% Y-o-Y. Now let me take you through our segment performance. The alloy wheel segment remained our key growth driver, contributing to about 45% of our total revenue for the quarter and about 42% for the first half year. Volumes reached approximately 12 lakh units in Q2 and 23 lakh units for the whole of the first half. Volume growth was driven by premiumization in passenger vehicles and the rising share of EVs in India, while higher aluminum prices also supported revenue. Given increasing alloy wheel penetration and strong OEM demand, we expect this upward volume trajectory to continue. Our aluminum knuckle business is progressing in line with our expectations. We remain focused on securing more customer approvals and scaling up commercial supplies. We believe this business will become an important growth engine over the medium term as lightweight aluminum components gain wider adoption across both ICE and electric vehicles. The Commercial Vehicles segment delivered another very strong quarter and recorded the highest growth amongst all our segments across domestic and export markets. Truck wheel demand was supported by sustained OEM offtake, replacement demand and infrastructure- led activity. This marks a clear recovery from the weakness we saw in the second quarter of last financial year. The Tractor segment performed steadily during the quarter and our market share improved from 43% to 45%. Demand was supported by increasing farm mechanization, healthy rural economic activity and a growing preference for higher horsepower tractors. We will continue to leverage our established customer relationships and manufacturing capabilities to meet the evolving requirements of tractor manufacturers. In the Steel Wheel segment, we saw that there was an increased demand for high vent hole wheels. These are wheels that are similar looking to aluminum wheels, but are made out of steel. So the cost is much less than the aluminum wheel, and we are pursuing this opportunity wholeheartedly and gaining market share in this segment. Page 3 of 17 Steel Strips Wheels Limited October 26, 2026 Coming to exports. After a soft first quarter, export revenue grew 69% Y-o-Y in Q2 to reach INR187 crores, taking H1 export revenue to INR314 crores, a growth of 16% Y-o-Y. This reflects the diversification we have undertaken over the last 2 years across Europe, Latin America and Asia, alongside our established presence i [Showing first 8,000 characters — download PDF for full document]