SSWL is enthused to announce that in April 2016, SSWL achieved total wheel rim sales of 11.93Lacs Vs 10.24 Lacs in April 2015 representing a 16% YoY growth.
In terms of Value, the company has achieved gross turnover of Rs 121.93Crs in April 2016 Vs 111.96Crs in April 2015, there by recording growth of 9% and achieved Net turnover of Rs.109.62Crs in April 2016 Vs Rs. 100.65Crs in April 2015, recording a growth of 9%.
Segment wise Breakup of growth
|Segment||April Growth (YoY)|
Passenger car segment grew 10% in April 2016 YoY. The PV segment grew by 10% YoY and is continuing a healthy trend. We expect high single digit growth in passenger car segment going ahead in FY 16-17.
LCV & MHCV segment volumes grew by 20% YoY in April 2016. The CV segment moving swiftly for the company and we are gaining market share in each quarter gone by. We expect 20-25% growth coming in this segment in FY 16-17 with Govt. focus on infrastructure and all new models ramping up in current financial year.
Domestic Tractor segment volumes grew by 20% in April 2016 YoY. The tractor segment yet again saw 20% growth and we expect the announcement of above normal monsoon will bring a log awaited cheer for the sector.
Exports grew 8% in April 2016. Exports shipments surged 8% with new orders adding to the order book. The European business is doing well and we expect 10-12% of volume growth going ahead.