4 stories mentioning NSE:SSWLUpdated 27d ago
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Steel Strips Wheels (NSE:SSWL, BOM:513262) net turnover jumped by over 18% to 4.86 billion Indian rupees in May from 4.10 billion rupees a year ago, according to a Monday filing to the Indian stock exchanges.Gross turnover increased nearly 12% year on year to 5.60 billion rupees from 5.01 billion rupees, the filing said.The company's shares fell over 2% in recent trade.
Indian benchmark indices ended sharply lower on Friday after a late-session selloff erased earlier stability, as investors turned cautious amid lingering uncertainty over a potential U.S.-Iran agreement.The BSE Sensex dropped 1,092.05 points, or 1.4%, to close at 74,775.74, while the NSE Nifty 50 fell 359.40 points, or 1.5%, to settle at 23,547.75.Market sentiment weakened in the final session of trade due to aggressive profit booking ahead of the weekend. Investor caution persisted despite reports indicating that the U.S. and Iran had agreed to extend their ceasefire and reopen shipping through the Strait of Hormuz. The proposed deal is reportedly awaiting approval from U.S. President Donald Trump.In corporate developments, Solar Industries India (NSE:SOLARINDS, BOM:532725) secured export orders worth 10.8 billion rupees from international clients for the supply of defense products over a three-year period.Steel Strips Wheels (NSE:SSWL, BOM:513262) reported fiscal fourth-quarter consolidated profit of 608.5 million rupees, compared with 606.6 million rupees a year earlier. Revenue from operations declined to 11.7 billion rupees from 12.3 billion rupees.
Steel Strips Wheels' (NSE:SSWL, BOM:513262) consolidated profit after tax inched up to 608.5 million Indian rupees in the fiscal fourth quarter ended March 31, from 606.6 million rupees a year ago.Earnings per share came in at 3.86 rupees from 3.85 rupees a year earlier, the wheels manufacturer said in a filing to the Indian stock exchanges.Revenue from operations in fiscal Q4 11.7 billion rupees from 12.3 billion rupees a year ago.The company's board recommended a final dividend of 1.50 rupees per equity share of face value of 1 rupee each for the financial year 2025-26.The company's shares were down over 2% in recent trade.
Steel Strips Wheels' (NSE:SSWL, BOM:513262) net turnover jumped by over 18% to 5.01 billion Indian rupees in April against 4.24 billion rupees a year ago, according to a Friday filing to the Indian stock exchanges.The company's shares rose over 1% in Monday's trade.Gross turnover climbed over 12% year on year to 5.82 billion rupees from 5.19 billion rupees, the filing said.
