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Steel Strips Wheels March sales highlights

Steel News - Published on Fri, 05 Apr 2019

Image Source: SteelGuru
SSWL achieved March 2019 total wheel rim sales of 10.80 Lacs Vs 13.23 Lacs in March 2018 representing degrowth of 18% YoY. SSWL has achieved gross turnover of INR 187.18 crores in March 2019 Vs INR 218.63 crores in March 2018, there by recording a de-growth of 14% and achieved Net turnover of INR 151.59 crores in March 2019 Vs INR 169.05 crores in March 2018, recording a de-growth of 10%. The year-end cut in production was on account of high dealer end inventory to streamline the pipeline inventory. Major part of cutback in inventory is completed in last 2 months and we expect normalcy to resume from April 2019.

The Auto makers sales of March 2019 was better that Feb 2019 and more inventory clearance has happened In last 2 months and with extended production cuts we expect major inventory reduction has happened in last 2 months.

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Posted By : Rabi Wangkhem on Fri, 05 Apr 2019
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