SSWL picks up almost 5% on accepting orders from EU and US

Steel Strip Wheels Limited

Steel Strip Wheels Limited picked up just about 5 per cent during the early exchanging session on Tuesday after the organization declared that it had gotten an order for over USD 3,68,000 from the European Union and the United States.
The organization affirmed the export orders of almost 38,000 wheels for the EU and US markets. The wheels, which will be fabricated at Dappar (Punjab) and Chennai (Tamil Nadu) plant, are supposed to be executed in the long periods of December and January. The organization hopes to get comparable orders from similar clients as the business exercises have gotten.
On the monetary front, the organization recorded income of Rs 404.74 crore in Q2FY21 with development of 11.78 per cent YoY, contrasted with Rs 362.08 crore it recorded in the comparing quarter of the earlier year. EBITDA of the organization expanded 20.29 per cent YoY and remained at Rs 49.81 crore in Q2FY21, contrasted with Rs 41.4 crore in the September quarter of the earlier year. The organization recorded heavenly benefit development of 82.37 per cent YoY at Rs 14.02 crore as against Rs 7.69 crore in Q2FY20.
At 1.05 pm IST, the stock was exchanging at Rs 476, up by 1.02 per cent from its past close on the Bombay Stock Exchange. It had an intraday high and low of Rs 495 and Rs 476 respectively on the BSE.

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