SSWL Clocks 16% YoY Revenue growth

    SSWL achieved Aug 2020 total wheel rim sales of 11.25 Lacs Vs 10.71 Lacs in August 2019 representing a growth of 5% YoY & 21% on MOM basis.

    SSWL has achieved gross turnover of Rs 152.69 Crs in Aug 2020 V 131.96 Crs in Aug 2019, there by recording a growth of 15.7% and achieved Net turnover of Rs.126.79 Crs in Aug 2020 Vs Rs.109.76 Crs in Aug-19 recording a growth of 15.5%.

    Alloy Wheel Segment reported its highest Volume sale ever for Aug 2020 with 350% YOY increase.

    Segment wise Breakup of growth


    Segment Aug Growth (YoY)
    Passenger Car 22.6%
    2 & 3 Wheelers -38%
    Exports 33%
    Tractor 22.5%
    Truck -20.7%
    Overall 5%

    Exports Segment growth by 33%. The export segment maintained a good pull have grown by33%. and we expect the Month of September to report further growth as Export order book is at its highest level for company. And we are confident of delivering 25% Volume growth for this financial year.

    Tractor volumes rose by 22.5% in July 2020 YoY. The tractor segment maintained momentum in Aug-20 with bumper harvest and good monsoon season will maintain healthy run rate of production demand going ahead. The segment is running at all-time high rate for the company.

    Passenger car segment growth by 22.6% in Aug 2020 YoY. The PV segment grew by 22.6 % on YOY basis, with the festival season ahead and strong demand pulling up in the segment further growth is expected in the segment.

    2 & 3 Wheelers Segment fell 38%. The 2/3 wheeler segment continued its volume trend, Citing the 72 % growth in MOM shows signs of recovery as old inventory is getting cleared and expectation of new production push is expected towards Q3 2020.

    Commercial Vehicles segment volumes fell by 20.7% YoY in Aug 2020. The CV makers are still facing lockdown economy as a big bottleneck for the segment and are still report very high double digit drop in sales. Citing the 31 % MOM growth in Aug-20 trend is expected to improve in coming months.

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