Results - Announcements
Steel Strips Wheels Ltd share price rallied 19.99% to Rs 469.7 after the company's net profit jumped 68.39% to Rs 116.95 crore, while revenue from operations gained significantly 27.82% to Rs 1929.92 crore in Q3FY26 over Q2FY26.
The market capitalization of Auto Components & Equipments industry group stocks on BSE stood at Rs 11.73 lakh crore, rising 3.95%. It has slipped by 6.18% over last one week and eased lower by 1.36% in last one month while the market capitalization of Steel Strips Wheels Ltd has increased 12.41% and 62.86% in the same period respectively.
Profit before tax (PBT) of Steel Strips Wheels Ltd stood at Rs 156.34 crore in Q3 FY26, rallying 225.23% year-on-year, and jumping 67.24% quarter-on-quarter. EBITDA came in at Rs 235 crore, surging by 112.62% YoY and expanding by 45.01% sequentially.
Total expenses witnessed a sharp rise of 25.57% to Rs 1739.29 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 1313.6 crore, soaring by 20.65% YoY, while employee benefits expense was at Rs 133.1 crore, rising by 10.38% YoY.
For the TTM ended FY26, revenue from operations grew 17.02% to Rs 5182.8 crore, while net profit softened by 2.59% to Rs 190.22 crore, compared to previous TTM. EBITDA soared by 50509% to Rs 507.08 crore, and PBT saw a marginal contraction of 1.87% to Rs 254.14 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 331.65 crore in FY26, as against Rs 516.64 crore in FY25.
Steel Strips Wheels Ltd rallied 109.83% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 13.52% during the same period.