Steel Strips Wheels rose 2.24% to Rs 810 after the company reported a net profit of Rs 44.55 crore in Q4 FY21 as compared to a net loss of Rs 5.24 crore in Q4 FY20.
Revenue from operations increased by 80.8% year-on-year (YoY) to Rs 699.87 crore during the quarter.
The company reported a pre-tax profit of Rs 54.09 crore in the fourth quarter as against a pre-tax loss of Rs 1.28 crore in the same period last year.
SSWL reported 110% increase in net profit to Rs 49.25 crore on 11.9% rise in revenue from operations to Rs 1749.41 crore in the year ended 31 March 2021 over the year ended 31 March 2020.
Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The firm operates in automotive wheels segment. Its geographical segments include India and overseas.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app