Steel Strips Wheels Reports Rs 606.6 Million Profit, Declares Rs 1.25 Dividend

Steel Strips Wheels Ltd has announced its financial results for the March quarter, posting a consolidated net profit of Rs 606.6 million. The company also recorded revenue from operations of Rs 12.34 billion, reflecting steady growth in its core business segments. In addition, the board has declared a final dividend of Rs 1.25 per share, reinforcing its commitment to shareholder returns.  

 

Quarterly Financial Performance  

- Revenue from operations reached Rs 12.34 billion, driven by strong demand across automotive and industrial segments  

- Net profit stood at Rs 606.6 million, showcasing resilience in a competitive market  

- The company’s financial results highlight its ability to maintain profitability while navigating industry challenges  

 

Dividend Announcement and Market Outlook  

- Steel Strips Wheels has approved a dividend of Rs 1.25 per share, rewarding investors for the company’s steady performance  

- The payout is expected to enhance shareholder confidence and strengthen market positioning  

- Analysts view this move as a reflection of the company’s strong cash flow and financial stability  

 

Sources: Moneycontrol, Economic Times, Business Standard, CNBC TV18