Q3 2025 Steel Strips Wheels Ltd Earnings Call Transcript
Key Points
- EBITDA margin improved to 11% from 10.5% last year, driven by cost optimization efforts.
- The alloy wheel segment in passenger cars performed strongly, with expectations for further growth.
- Tractor business achieved high sales growth, with substantial increases in both domestic sales and exports.
- Export volumes are recovering, with projected export revenue of INR550 crore to INR600 crore for the financial year.
- New aluminum knuckle segment commenced commercialization, with plans to increase capacity and expand customer base.
- Revenue for the past nine months decreased to INR3,195 crore from INR3,288 crore in the same period last year.
- Profit after tax declined to INR148 crore from INR159 crore, impacted by the transition to the new tax regime.
- Depreciation costs increased due to higher capital expenditures for capacity expansion.
- The commercial vehicle (CV) segment experienced a decline due to lower demand.
- Performance was impacted by supply chain disruptions, geopolitical conflicts, and the US election.
Ladies and gentlemen, good day and welcome to the Steel Strips Wheels Q3 FY25 earnings conference call hosted by Anand Rathi Share and Stock Brokers Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Mumuksh Mandlesha from Anand Rathi Share and Stock Brokers Limited. Thank you, and over to you, sir.
Thank you, Ryan. Good afternoon to everyone on this call. On behalf of Anand Shares and Stock Brokers, I welcome you all to the Q3 FY25 earnings conference call of Steel Strips Wheels Limited.
We are pleased to host the senior management of the company. Today, we have with us Mr. Mohan Joshi, Deputy Managing Director; Mr. Naveen Sorot, Chief Financial Officer; and Mr. Pranav Jain, Deputy General Manager, Finance.
We'll start the call with the initial commentary from the management, and then we'll open the floor for the Q&A. Now I hand over the call to Mohan sir. Over to you, sir. Thank you.
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