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Steel Strips Wheels Limited Q2 FY27 results deck summary

NSE: SSWL · BSE: 513262

Results deck of 23 Oct 2026, summarised by AI from the filing.

Board approved a greenfield plant at Chhatrapati Sambhajinagar with ~₹1,400 cr outlay over 60 months, subject to regulatory clearances.

Key takeaways

  1. Greenfield plant Board approved a greenfield plant at Chhatrapati Sambhajinagar with ~₹1,400 cr outlay over 60 months, subject to regulatory clearances.
  2. Margin expansion Q2 FY27 EBITDA margin 12.2% vs 9.3% a year earlier, helped by product mix, higher exports and cost optimisation.
  3. Working capital Working capital absorbed cash in H1 FY27, with changes in working capital of -227 against -116 a year earlier.

Original filing on BSE

Steel Strips Wheels Limited Q2 FY27 results

As filed: Revenue ₹1,930 cr (+61% year on year), EBITDA ₹236 cr (+112% year on year), PAT ₹117 cr (+225% year on year), EBITDA margin 12.2% (+298 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹1,510 cr (+27% year on year), EBITDA ₹163 cr (+35% year on year), PAT ₹69.5 cr (+48% year on year), EBITDA margin 10.8% (+60 bps). Score 88 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 60 bps year on year. Revenue rose ₹323 cr on a year ago, more than the ₹162 cr it added the year before. Share price after the results: +24.9% in 30 days (Nifty 500: +1.7%).
  • Q4 FY26: Revenue ₹1,475 cr (+20% year on year), EBITDA ₹150 cr (+12% year on year), PAT ₹60.9 cr (0% year on year), EBITDA margin 10.2% (−70 bps). Score 63 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin fell 70 bps year on year. Share price after the results: +9.6% in 27 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹1,321 cr (+23% year on year), EBITDA ₹127 cr (+8% year on year), PAT ₹46.6 cr (−3% year on year), EBITDA margin 9.7% (−133 bps). Score 68 of 100, Above trend. Revenue growth was well above the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin fell 133 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +16.8% in 29 days (Nifty 500: +2.5%).
  • Q2 FY26: Revenue ₹1,201 cr (+10% year on year), EBITDA ₹111 cr (−8% year on year), PAT ₹36.0 cr (−22% year on year), EBITDA margin 9.2% (−172 bps). Score 40 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin fell 172 bps year on year. Profit fell 23% from last quarter. Share price after the results: −13.7% in 30 days (Nifty 500: +0.2%).
  • Q1 FY26: Revenue ₹1,187 cr (+16% year on year), EBITDA ₹121 cr (+6% year on year), PAT ₹47.0 cr (+15% year on year), EBITDA margin 10.2% (−93 bps). Score 59 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin fell 93 bps year on year. Profit lagged EBITDA because of depreciation, interest or other income, not the business. Revenue fell 4% from last quarter. Share price after the results: −6.4% in 28 days (Nifty 500: −2.0%).
  • Q4 FY25: Revenue ₹1,234 cr (+15% year on year), EBITDA ₹134 cr (+22% year on year), PAT ₹61.0 cr (−88% year on year), EBITDA margin 10.9% (+57 bps). Score 69 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was below it. EBITDA margin rose 57 bps year on year. Consolidated profit -88% but standalone +3%. Share price after the results: +3.0% in 29 days (Nifty 500: +1.8%).
  • Q3 FY25: Revenue ₹1,075 cr (−3% year on year), EBITDA ₹118 cr (+1% year on year), PAT ₹48.0 cr (−19% year on year), EBITDA margin 11.0% (+44 bps). Score 28 of 100, Below trend. EBITDA margin rose 44 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Steel Strips Wheels Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.