• Type of Event: Q1 FY27 Results Conference Call with Analysts/Institutional Investors, hosted by ICICI Securities.
  • Date and Time: The conference call was held on July 16, 2026. The specific time and time zone were not disclosed in the provided transcript.
  • Purpose: Discussion of the company's financial and operational performance for the first quarter of FY27 (Q1 FY27).
  • Management Participants:
  • Mr. Dheeraj Garg – Managing Director
  • Mr. Rahul Kumar – Chief Financial Officer
  • Mr. Aditya Dixit – Executive Director, International Marketing & Operations
  • Mr. Pranav Jain – Vice President, Finance
  • Availability of Materials: The transcript of the call was submitted to the exchanges and is available on the company's website at https://sswlindia.com/investors/analysts-investors-meetings/. An investor presentation was also referenced as being uploaded on the stock exchange and company website.
  • Financial Period Discussed: Q1 FY27 (Quarter ending June 2026).
  • Key Financial Highlights from Management Commentary:
  • Revenue: INR 1,509 crores, representing a 27% year-on-year (YoY) growth.
  • Standalone EBITDA (with other income): INR 165.17 crores, a 32% YoY increase.
  • EBITDA per wheel: INR 314, compared to INR 262 in Q1 FY26.
  • EBITDA Margin: Expanded by 40 basis points YoY.
  • Profit After Tax (PAT): INR 71.51 crores, a 43% YoY growth, with a PAT margin of 4.7%.
  • Forward-Looking Statements & Strategic Themes:
  • FY27 Revenue Growth Target: 20%+
  • FY27 EBITDA per wheel Target: Maintain above INR 310 (current quarter was INR 314).
  • Export Revenue Target for FY27: ~INR 600 crores.
  • Aluminum Knuckles Business: Projected revenue of INR 110-130 crores for FY27, nearly doubling from the previous year.
  • Capacity Expansion: Two new manufacturing facilities in Bhuj are under development:
  • Aluminum wheel plant: 1.2 million wheels annual capacity.
  • Aluminum knuckles facility: 1.1 million units annual capacity.
  • Trial production is expected to commence in Q4 FY27.
  • Brownfield Expansion: ~INR 150 crores planned to expand agricultural/passenger car steel wheel capacity by up to 2 million units, targeting commercialization by Q4 FY27.
  • Total FY27 Capex: Approximately INR 600 crores.
  • Business Segment Performance:
  • Alloy Wheel Business: Contributes 35% to revenue; cited as a strong growth driver.
  • Tractor Segment: Performed well supported by rural recovery.
  • Commercial Vehicles (CV) Segment: Witnessed gradual improvement.
  • Exports: Showed signs of recovery with a 7% increase in June 2026 after a prolonged period of challenges related to US tariffs. The company has diversified into Europe and Latin America.

Additional Notes Section

  • The document is an intimation letter submitting the conference call transcript to the stock exchanges (BSE and NSE) as a regulatory disclosure.
  • The transcript itself contains extensive management commentary on financial results, operational performance, and future strategy during the Q&A session with analysts.
  • The document includes a detailed, verbatim transcript of the earnings call, which forms the basis of the financial data and commentary summarized above.
  • No explicit compliance language stating that no Unpublished Price Sensitive Information (UPSI) would be shared was found in the provided text.