Steel Strips Wheels reports standalone net profit of Rs 44.56 crore in the March 2021 quarter

Sales rise 80.81% to Rs 699.87 crore

Net profit of Steel Strips Wheels reported to Rs 44.56 crore in the quarter ended March 2021 as against net loss of Rs 5.25 crore during the previous quarter ended March 2020. Sales rose 80.81% to Rs 699.87 crore in the quarter ended March 2021 as against Rs 387.07 crore during the previous quarter ended March 2020.

For the full year,net profit rose 110.02% to Rs 49.25 crore in the year ended March 2021 as against Rs 23.45 crore during the previous year ended March 2020. Sales rose 11.90% to Rs 1749.42 crore in the year ended March 2021 as against Rs 1563.34 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales699.87387.07 81 1749.421563.34 12 OPM %12.308.11 -11.6510.95 - PBDT73.2616.88 334 136.14104.64 30 PBT54.10-1.28 LP 63.8332.70 95 NP44.56-5.25 LP 49.2523.45 110

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