Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Steel Strips Wheels June net sales down 7%

    Steel Strips Wheels' net sales in June decline 7% year-on-year to Rs 71.65 crore due to slower sales of wheel rims in the domestic market.
    July 03, 2012 / 17:29 IST

    Moneycontrol Bureau

    Steel Strips Wheels' net sales in June decline 7% year-on-year to Rs 71.65 crore due to slower sales of wheel rims in the domestic market.

    The company sold 7.69 lakh steel wheel rims in June, compared with 8.58 lakh rims it sold a year ago.

    Its exports last month rose 5% to 1,42,586 wheel rims.

    Meanwhile, Steel Strips Wheels' net sales for the April-June quarter rose 12% from a year ago to Rs 254.23 crore.

    Steel Strips Wheels shares closed down 0.9% at Rs 188.20 on NSE on Tuesday.

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert:

    It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347