Steel Strips Wheels revenue rises 64.05 YoY for Q3 FY22

24 Jan 2022 , 04:51 PM

Steel Strips Wheels Ltd. announced financial results for the quarter ending December 2021. The company reported a significant growth in its revenue and profits.

Steel Strips reported total revenue of Rs 860.52 crores for the December 2021 quarter, against Rs 524.54 crores for the December 2020 quarter, up by 64.05% YoY.

The company reported PAT of Rs 42.69 crores for Q3 FY’22 against Rs 28.76 crores for Q3 FY’21, reflecting a growth of 48.45% YoY.

Steel strips’ revenue for the 9M period ending December 31, 2021, stood at Rs 2,496.69 crores as compared to Rs 1,049.54 crores for the previous corresponding quarter, showing a growth of 137.88%. While its PAT for the 9M period ending December 2021 stood at Rs 156.79 crores, against Rs 4.69 crores for the same quarter previous year.

Steel Strips Wheels ended at Rs746.65 down by Rs39.25 or 4.99% from its previous closing of Rs785.90 on the BSE. The scrip opened at Rs784 and touched a intraday high and low of Rs786.90 and Rs746.65 respectively.