Steel Strips Wheels earnings calls.

Steel Strips Wheels delivered 23% revenue growthCurrent reported value: 23% revenue growth. No comparable prior figure is available in the source record. to ₹1,321Current reported value: 1,321. No comparable prior figure is available in the source record. crore in Q3 FY26, driven by record monthly sales in November-December and robust domestic demand across commercial vehicles (+16% industry growth), tractors, and aluminium wheels. EBITDA grew 8% to ₹128 croreCurrent reported value: 8% to ₹128 crore. No comparable prior figure is available in the source record., though margin contracted 129bps YoY to 9.69%Current reported value: 129bps YoY to 9.69%. No comparable prior figure is available in the source record. due to the high-margin US export business being compromised by 300-400 crore annually from tariff uncertainties. The aluminium segment contributed 37% of revenueCurrent reported value: 37% of revenue. No comparable prior figure is available in the source record. and the company is operating at near-full capacity utilization across all domestic segments. Management guided to ₹6,000 crore FY27 revenueCurrent reported value: ₹6,000 crore FY27 revenue. No comparable prior figure is available in the source record. (base case, +20% growth) with potential to ₹6,500 crore if US tariff situation normalizes and competitors face anti-dumping investigations. Capex of ₹420 crore is planned for Bhuj expansion (aluminium wheels + knuckles), funded by mix of debt and internal accruals. Key risk: the company acknowledged underperformance versus auto sector peers in stock returns, attributing this to market sentiment around tariffs rather than fundamental business issues.