Steel Strip Wheels records 4% decline in net turnover in May'24

Steel Strip Wheels achieved net turnover of Rs 342.04 crore in May 2024 compared to Rs 357.27 crore in May 2023, recording a decline of 4.26%. The company's gross turnover declined 3.17% to 419.55 crore.

In terms of sales value, the company's 2-3 wheeler segment increased by 64% while tractor segment rose 22%.

In terms of sales volume, the company's 2-3 wheeler segment recroded growth of 44% and tractor segment grew 25%.

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