Steel Strips Wheels (SSWL), a producer of automobile wheel rims, achieved November 2020 total wheel rim sales of 13 lakh compared to 12.52 lakh in November 2019, representing a growth of 4% YoY.

The company has achieved gross turnover of Rs 1,931 million in November 2020 from Rs 1,518.9 million in November 2019, there by recording a growth of 27% and achieved net turnover of Rs.1,589.5 million in November 2020 compared to Rs.1,254.6 million in November 2019, recording a growth of 27%.

"The export segment can offer further upside to sales numbers but is facing headwinds of supply chain issues pertaining to container availability and it is expected to improve going into next quarter.Production capability remains at above 95% in all plants and we expect this to be maintained going ahead into Q4 of FY 20-21," company said.

Alloy wheel sales grew by 437% YoY. On a year on year basis, exports segment volume rose by 57% last month. Tractor volumes rose by 35% in November 2020 YoY. Passenger car segment volumes rose by 8% in November 2020 YoY. Two & three wheelers segment fell 40%. Truck segment volumes rose by 1% YoY in November 2020.

Shares of the company gained Rs 32.80, or 6.50%, to trade at  Rs 537.10.  The total volume of shares traded  was  17,891 at the BSE (12.41 p.m., Thursday).