SSWL is enthused to announce that in June 2016, SSWL achieved total wheel rim sales of 11.63 Lacs Vs 10.28 Lacs in June 2015 representing a 13% YoY growth.
In terms of Value, the company has achieved gross turnover of Rs 122.10 Crs in June 2016 Vs 114.37 Crs in June 2015, there by recording growth of 6.75% and achieved a Net turnover of Rs.109.83 Crs in June 2016 Vs Rs.102.88 Crs in June 2015, recording a growth of 6.75%.
Segment wise Breakup of growth
|Segment||June Growth (YoY)|
|2 & 3 wheelers||17%|
Passenger car segment grew by 10% in June 2016 YoY. The PV segment grew by 10% YoY and is continuing a healthy trend. The growth suffered a little bit due to sudden production by one of the customer due to problems at one of its large vendor. We expect high single digit growth in passenger car segment going ahead in FY 16-17.
LCV & MHCV segment volumes grew by 25% YoY in June 2016. The CV segment is growing swiftly for the company and the volume growth is expected to grow at 20-25% for the balance year on sustained demand and many new products hitting the market in current financial year.
Domestic Tractor segment volumes grew by 22% in June 2016 YoY. The tractor segment yet again saw 22% growth and we expect the expectation of above normal monsoon to yield good results for the segment and we can expect to see this high growth to continue for few seasonal months.
Exports grew 2% in June 2016. Exports shipments surged 2% with seasonal slowdown due to European manufacturing holidays. We expect to clock a run-rate of 10-12% volume growth this year.
2&3 wheelers segment grew by 17% in June 2016 YoY and we expect this to continue with few customer ramping up production will yield extra gains for the company in coming month.