Steel Strips Wheels (SSWL) surged today, hitting a record

Steel Strips Wheels (SSWL) surged today, hitting a record high of ₹533 after reporting a massive 208% jump in Q2 FY27 profit to ₹119 crore, with revenue up 61% to ₹1,930 crore. The rally has lifted the stock 36% in just two days, driven by strong exports, premium alloy wheel sales, and a ₹1,400 crore expansion plan. 📊 Key Highlights from Today’s SSWL News Share Price Movement Hit a new high of ₹533 intraday. Up 13.5% today and 36% in two days. Trading volumes jumped 10x, with 24.3M shares exchanged. Q2 FY27 Earnings (Sep 2026) Revenue: ₹1,930 crore (+61% YoY). EBITDA: ₹235 crore (+100% YoY), margin at 12.2%. Net Profit: ₹119 crore (+208% YoY). Export revenue grew 69% YoY, boosting per-wheel EBITDA to ~₹400. Expansion Plan Announced ₹1,400 crore investment in Chhatrapati Sambhajinagar. Capacity additions: Alloy wheels: 2.5M units/year. Steel wheels: 1.6M units/year. Hot stamping: 1.3M strokes/year. Timeline: Up to 60 months, funded via debt + internal accruals.