Edition:
India

India's Steel Strips Wheels June-Qtr PAT Falls


Monday, 8 Jul 2019 

July 8 (Reuters) - Steel Strips Wheels Ltd ::JUNE QUARTER PAT 147.2 MILLION RUPEES VERSUS PROFIT 215.1 MILLION RUPEES YEAR AGO.JUNE QUARTER REVENUE FROM OPERATIONS 4.71 BILLION RUPEES VERSUS 5.01 BILLION RUPEES YEAR AGO.MEHSANA PLANT EXPECTED TO REACH CLOSE TO 75% UTILIZATION BY END OF THIS FINANCIAL YEAR.EXPECT TO OFFSET DOMESTIC SLOWDOWN BY FOCUSING ON EXPORTS, EXPECT NORMALCY TO CONTINUE FROM Q3 OF THIS FINANCIAL YEAR.EXPECT DAPPAR PLANT AND CHENNAI CAR PLANTS TO RUN AT 100% UTILIZATION Q2 ONWARDS. 

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