Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
22 May, 2018 03:53 IST
SSWL expects 11% growth in order book in Q4FY18
Source: IRIS | 07 Dec, 2017, 11.57AM
Comments  |  Post Comment

Steel Strips Wheels (SSWL) is expecting to register 11% growth in Q4 FY18 with 40 lakh wheel confirmed order book as compared to 36.01 lakh wheel order in same quarter previous year. This correlates with the company also achieving highest ever turnover for the quarter.

The order book for truck is rising rapidly with new products and customers getting added to the company's portfolio. This will help it in making larger foot print in export markets. This will help it in achieving the highest ever truck segment sales for Q4 FY18.

Moreover, the rising car exports and growing domestic demand are the factor for reaching 90% capacity utilization and highest sales volume of its Chennai car wheel plant. The company is expecting the recent order wins from domestic as well as export markets will ensure extremely healthy plant utilization.

Shares of the company declined Rs 7.95, or 0.76%, to trade at Rs 1,039.00. The total volume of shares traded was 1,383 at the BSE (11.45 a.m., Thursday).



Steel Strips Wheels Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Ind-Ra downgrades Reliance Infra and its NCDs to 'BBB+' - 21-May-2018 15:31
UltraTech to acquire demerged cement division of Century Textiles - 21-May-2018 10:38
Thermax to acquire stake of Babcock & Wilcox in JV - 21-May-2018 10:29
L&T Hydrocarbon wins two contracts for fertilizer plants - 21-May-2018 10:24
Glenmark Pharma gets nod for Colesevelam HCl tablets - 21-May-2018 10:00
Ashok Leyland quarterly net surges 40% - 18-May-2018 16:38
Bank of Baroda enters into MoU with CCRL - 18-May-2018 16:31
Strides Shasun turns to loss in Jan-Mar quarter - 18-May-2018 15:32
Bajaj Auto quarterly net up 36.33% - 18-May-2018 15:24
3i Infotech Services forays into retail as new vertical - 18-May-2018 13:04
Shriram Transport Finance inks MoU with HPCL - 18-May-2018 12:49
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer