Steel Strips Wheels sells 13.45 lakh wheel rims in January 2020

Steel Strips Wheels achieved January 2020 total wheel rim sales of 13.45 lakh compared to 13.40 Lakh in January 2019, representing a growth of 1% YoY. The MoM growth in January 2020 was 13% and its consistent with the forward statement on sustained improvement in sales volumes going into final quarter of the financial year. The volume of January is the highest in FY 19-20 and the company expects the turnover to follow the same soon with favourable product mix being achieved over coming 2-3 months.

The company has achieved gross turnover of Rs 179.90 crore in January 2020 compared to 200 crore in January 2019, there by recording a de-growth of 10% and achieved net turnover of Rs 147.20 crore in January 2020 compared to 163.96 crore in January 2019, recording a de-growth of 10%.

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