Q3 2026 Steel Strips Wheels Ltd Earnings Call Transcript
Key Points
- Steel Strips Wheels Ltd (BOM:513262) reported a 23% increase in revenue for Q3 FY26, reaching INR1,321 crores compared to INR1,075 crores in the same period last year.
- The company achieved record monthly sales in November and December, demonstrating strong domestic demand and resilience in its diversified approach.
- The aluminum segment has been a standout performer, contributing approximately 37% to total revenue and 20% in volume terms, with expectations for continued growth.
- The company is expanding its aluminum knuckle segment, with plans to reach an annual capacity of 5 lakh units by the end of the year and 11 lakh units next year.
- Steel Strips Wheels Ltd (BOM:513262) is confident in maintaining business momentum, supported by healthy order visibility across key domestic segments such as tractors, aluminum wheels, and commercial vehicles.
- The export market, particularly in the US, remains sluggish due to ongoing tariff-related uncertainties, impacting high-margin export segments.
- EBITDA growth for the nine months was only 3%, largely due to a decline in high-margin export segments affected by US tariffs.
- Despite a higher alloy wheel mix and substantial top-line growth, EBITDA margins appear suppressed below 10%, compared to historical peaks of 12-13%.
- The company's steel business for exports has been compromised by INR300 crores to INR400 crores due to the American market, affecting overall profitability.
- The company faces challenges in maintaining profitability per wheel due to increased raw material prices and competitive pressures in the aluminum segment.
Ladies and gentlemen, good day, and welcome to Steel Strips Wheels Limited Q3 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Shruti More from Anand Rathi. Thank you, and over to you, ma'am.
Thank you, Shubham. Good afternoon, everyone. On behalf of Anand Rathi Research, I would like to welcome you all to Q3 FY26 earnings call of Steel Strips Wheels Limited. Today, we have with us Mr. Dheeraj Garg, Managing Director; Mr. Rahul Kumar, Chief Financial Officer; Mr. Pranav Jain, DGM, Finance; and Mr. Puneet Sharma, DGM, Finance and Accounts. We'll start our opening comments from the management team, post which we will open the floor for Q&A.
Now I'll hand over the call to management team. Over to you, Dheeraj sir.
Yes. Thank you, everyone. Yes. Good afternoon. Hope everyone is doing well. I hope
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
