Q1 2026 Steel Strips Wheels Ltd Earnings Call Transcript
Key Points
- Steel Strips Wheels Ltd (BOM:513262) reported a 15% year-on-year growth in gross profit, indicating strong operating momentum.
- The export segment performed exceptionally well, with export revenue increasing by 30% year-on-year.
- The alloy wheel segment within the passenger car category showed significant growth, contributing 35% to overall revenue compared to 29% in the previous year.
- The company is actively working on a de-risking strategy to reduce dependence on the US market by focusing on Europe and South America.
- The new aluminum knuckle segment has shown promising results, with plans to expand capacity and customer base in the coming years.
- EBITDA margin witnessed a slight decline due to increased raw material prices and higher spending on spares, consumables, and maintenance.
- The C segment faced challenges due to the introduction of AC cabins in medium and heavy commercial vehicles, impacting sales.
- The company is assessing the potential impact of recently announced US tariff hikes on Indian imports, which could affect future growth prospects.
- There was a decline in monthly volumes reported in June, attributed to production adjustments and compliance changes in the commercial vehicle segment.
- The company's profit after tax growth was impacted by increased depreciation costs due to elevated capital expenditure in recent years.
Ladies and gentlemen, good day, and you have been connected to Steel Strips Wheels Limited Q1 FY '26 earnings conference call hosted by MK Global Financial Services Limited. Please stay connected. The conference will begin shortly.
Ladies and gentlemen, good day and welcome to Steel Strips Wheels Limited Q1 FY '26 earnings conference call. Hosted by MK Global Financial Services Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Chira J. Deputy Head of Research from MK Global Financial Services Limited.
Thank you and over to you, sir.
Thank you, Palak. Good afternoon everyone. On behalf of MK Global Financial Services, I would like to welcome you all to the, Q1 FY '26 earnings conference call of Steel Strips Wheels Limited.
Today we have with us, Mr. Mohan Joshi, deputy managing director, and Mr. Naveen Sorot, Chief Financial Officer, as well as Mr. Pranav Jain, deputy general manager of finance. We'll start with a brief opening comments
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