Steel Strips Wheels Share Price Gains Over 6% After Q2 FY27 Earnings Results: Total Income Up 60.7% YoY

On October 23, 2026, Steel Strips Wheels Limited (SSWL) released its consolidated financial results for the quarter and half-year ending September 30, 2026, as per the exchange filings.  

Steel Strips Wheels Q2 FY27 and Half-Yearly Financial Performance 

The company reported a total income increase of 60.7% year-on-year (YoY) to ₹1,930.70 crore in the September 2026 quarter, compared to ₹1,201.49 crore a year ago. The quarter-on-quarter (QoQ) growth was 27.8% from ₹1,510.66 crore in the June 2026 quarter. 

SSWL's net profit for the September 2026 quarter rose by 229.3% YoY to ₹116.95 crore, up from ₹35.52 crore in the same period last year. This also marked a 68.4% increase from ₹69.45 crore in the June 2026 quarter.  

For the half-year ending September 30, 2026, total income was up 44.0% YoY to ₹3,441.36 crore, while net profit increased by 125.2% YoY to ₹186.40 crore. 

Board Meeting Outcomes 

On October 23, 2026, SSWL's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026.  

The board declared an interim dividend of ₹1.50 per equity share for the financial year 2026-27. This dividend applies to the company's total paid-up capital of 15,72,65,105 shares, with a record date set for October 30, 2026. 

Strategic Expansion and Operational Leases 

The board approved a new greenfield manufacturing facility in Chhatrapati Sambhajinagar, Maharashtra, with a project outlay of ₹1,400 crore. The plant will manufacture alloy wheels, steel wheels, and structural hot stamping lines.  

Additionally, a lease agreement renewal with its subsidiary, AMW Autocomponent Limited, was approved for 5 years starting November 26, 2026, at a monthly rental fee of ₹45.00 lakh. 

Executive Appointments 

Mr. Pranav Jain was appointed as part of the company's core senior management personnel group, effective October 23, 2026. He is a qualified Chartered Accountant and has been with the company for 14 years, currently serving as the Vice-President of Finance & Accounts. 

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Steel Strips Wheels Share Price Performance 

As of October 23, 2026, at 12:11 PM, Steel Strips Wheels share price on NSE was trading at ₹417.10, up by 6.77% from the previous closing price. 

Conclusion 

Steel Strips Wheels Limited reported a 60.7% YoY increase in total income to ₹1,930.70 crore in Q2 2026, with a net profit rise of 229.3% YoY to ₹116.95 crore. The board approved a ₹1,400 crore expansion project and declared a ₹1.50 interim dividend per share. 

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