33% Returns in One Month: This Auto Ancillary Stock Reports 43% YoY PAT Growth in Q1 FY27; Revenue Rises 27%, Margins Expand

Om DSIJ/ 16 Jul 2026 /Categories: Quarterly Results, Trending

33% Returns in One Month: This Auto Ancillary Stock Reports 43% YoY PAT Growth in Q1 FY27; Revenue Rises 27%, Margins Expand

Steel Strips Wheels reported strong quarterly performance with revenue crossing Rs 1,500 crore, while EBITDA margin improved to 10.7 per cent and PAT margin expanded to 4.7 per cent in Q1 FY27.

✨ Key Takeaways

On Thursday, Indian equity benchmarks traded higher in early trade, with the benchmark Nifty 50 index advancing during the opening session. Steel Strips Wheels (SSWL) share price was trading at Rs 264.30, up 0.67 per cent or Rs 1.75. The stock remained in focus after surging 4.84 per cent in the previous trading session to close at Rs 262.55, after touching an intraday high of Rs 283, following the company's strong Q1 FY27 financial results announced on July 15, 2026.

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Steel Strips Wheels Q1 FY27 Financial Performance

Steel Strips Wheels reported revenue from operations of Rs 1,509.80 crore in Q1 FY27, registering a 27.2 per cent YoY growth from Rs 1,186.80 crore in the corresponding quarter last year.

The company's gross profit increased 26.1 per cent YoY to Rs 524.40 crore, while EBITDA rose 33 per cent YoY to Rs 162.30 crore from Rs 122 crore. EBITDA margin improved to 10.7 per cent compared with 10.3 per cent in Q1 FY26.

Profit before tax grew 46.2 per cent YoY to Rs 96.30 crore from Rs 65.90 crore, while profit after tax increased 43.3 per cent YoY to Rs 71.50 crore compared with Rs 49.90 crore in the year-ago quarter. PAT margin expanded to 4.7 per cent from 4.2 per cent in Q1 FY26.

Steel Strips Wheels Key Cost Highlights

During the quarter, employee expenses increased to Rs 120.60 crore from Rs 102.40 crore a year ago, while other expenses rose to Rs 241.60 crore from Rs 191.30 crore.

The company incurred finance costs of Rs 32.30 crore and depreciation expense of Rs 36.60 crore during the quarter.

Steel Strips Wheels Business Update

According to the company's latest investor presentation, Steel Strips Wheels currently has an operational capacity of over 25 million wheels annually, comprising 20 million steel wheels, 5 million alloy wheels and 0.5 million aluminium knuckles across five manufacturing facilities. The company is also expanding alloy wheel capacity to around 6.2 million units during FY27.

During Q1 FY27, the company's revenue mix comprised Steel Wheels (Rs 953.8 crore, 63 per cent), Alloy Wheels (Rs 532.9 crore, 35 per cent) and Aluminium Knuckles (Rs 23 crore, 2 per cent).
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About Steel Strips Wheels

Steel Strips Wheels Limited is one of India's leading manufacturers of automotive steel and alloy wheels, supplying products to passenger vehicles, commercial vehicles, tractors and two-wheelers. Further The company's shares have gained approximately 33 per cent over the past one month.

The company serves several leading automobile manufacturers in India and overseas and continues to expand its aluminium product portfolio.