Steel Strips Wheels consolidated net profit rises 990.21% in the March 2024 quarter

Sales rise 6.34% to Rs 1068.67 crore

Net profit of Steel Strips Wheels rose 990.21% to Rs 515.56 crore in the quarter ended March 2024 as against Rs 47.29 crore during the previous quarter ended March 2023. Sales rose 6.34% to Rs 1068.67 crore in the quarter ended March 2024 as against Rs 1004.92 crore during the previous quarter ended March 2023.

For the full year,net profit rose 248.15% to Rs 674.68 crore in the year ended March 2024 as against Rs 193.79 crore during the previous year ended March 2023. Sales rose 7.83% to Rs 4357.10 crore in the year ended March 2024 as against Rs 4040.54 crore during the previous year ended March 2023.

 

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales1068.671004.92 6 4357.104040.54 8 OPM %10.2810.79 -10.6410.96 - PBDT86.6792.46 -6 374.55371.66 1 PBT49.8672.51 -31 270.33291.21 -7 NP515.5647.29 990 674.68193.79 248

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