Steel Strips Wheels posts record Q2 FY27: revenue up 61% to Rs. 1,930 Crs., PAT up 208%; approves ~Rs. 1,400 Crs. greenfield plant
Q2 FY27 revenue up 61% to Rs. 1,930 Crs., EBITDA up 110% to Rs. 235 Crs., PAT up 208% to Rs. 119 Crs.; record quarter.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- Rs. 1,929.9 Crs., up 60.7% YoY
- Q2 FY27 PAT
- Rs. 118.8 Crs., up 208.5%
- Greenfield Plant Outlay
- ~Rs 1,400 Crs. over 60 months, Chhatrapati Sambhajinagar, Maharashtra
- Period
- Q2 & H1 FY27
- Positioning
- SSWL describes itself as a leader in designing and manufacturing automotive steel and alloy wheels, with 5 wheel plants, ~26 Mn+ capacity and 7500+ employees.
📈 Standalone Q2 FY27 revenue from operations was Rs. 1,929.9 Crs., up 60.7% YoY, with EBITDA of Rs. 234.8 Crs. (12.2% margin vs 9.3%) and PAT of Rs. 118.8 Crs., up 208.5%. H1 FY27 revenue was Rs. 3,439.7 Crs. (up 44.1%) and PAT Rs. 190.3 Crs. The company notes Q2 revenue includes ~Rs. 140 Crs. of supplementary sales from raw material-linked price revisions.
🏭 The company attributes margin expansion to a favourable product mix, higher export contribution and cost optimisation, and reports ROCE of 24% as of Sept. 2026 versus 16% in FY26.
🏭 The board has approved a greenfield plant at Chhatrapati Sambhajinagar, Maharashtra for alloy wheels, steel wheels (PV & OTR) and hot stamping, with outlay expected at ~Rs 1,400 Crs. over 60 months, subject to regulatory clearances.
🌍 Management lists growth drivers as a sales mix shift to alloy wheels and exports, robotic automation and diversification into aluminium products, and cites alloy wheel market growth of 12% p.a. over the next 5 years. Borrowings rose, with long term debt at Rs. 397 Crs. in H1 FY27.
Also from Steel Strips Wheels
Board approves lease renewal with wholly owned subsidiary for up to 5 years from 26.11.2026
23 Oct 2026
Board approves proposal for greenfield wheels plant in Maharashtra with hot stamping line
23 Oct 2026
Board approves results, Rs. 1.50 interim dividend, Pranav Jain as Senior Management Personnel, greenfield plant
23 Oct 2026
More numbers
- Revenue from operations, Q2 FY271,929.9 (Rs. in Crs)
- Revenue growth YoY, Q2 FY2760.7%
- EBITDA, Q2 FY27234.8 (Rs. in Crs)
- EBITDA margin, Q2 FY2712.2%
- Profit after tax, Q2 FY27118.8 (Rs. in Crs)
- Revenue from operations, H1 FY273,439.7 (Rs. in Crs)
- Profit after tax, H1 FY27190.3 (Rs. in Crs)
- ROCE, as of Sept 202624%
- Supplementary sales in Q2 FY27 revenue~Rs. 140 Crs.
- Greenfield plant capex~Rs. 1,400 Crs.
- Net capex till H1 FY27INR 128 Crs.
- Revenue from operations, FY265,182.8 (Rs in Crs)
- Total equity, Sep-261,918.5 (Rs. in Crs)
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