Steel Strips Wheels standalone net profit rises 9.72% in the March 2022 quarter

Sales rise 51.92% to Rs 1063.26 crore

Net profit of Steel Strips Wheels rose 9.72% to Rs 48.89 crore in the quarter ended March 2022 as against Rs 44.56 crore during the previous quarter ended March 2021. Sales rose 51.92% to Rs 1063.26 crore in the quarter ended March 2022 as against Rs 699.87 crore during the previous quarter ended March 2021.

For the full year,net profit rose 317.18% to Rs 205.46 crore in the year ended March 2022 as against Rs 49.25 crore during the previous year ended March 2021. Sales rose 103.49% to Rs 3559.95 crore in the year ended March 2022 as against Rs 1749.42 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales1063.26699.87 52 3559.951749.42 103 OPM %10.4712.30 -12.7211.65 - PBDT97.3873.26 33 380.39136.14 179 PBT78.4454.10 45 303.5263.83 376 NP48.8944.56 10 205.4649.25 317

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