SSWL Q2 FY27 Guidance vs Delivery (SSWL Management Mirror)

Q2 FY27 EBITDA Per Wheel Reaches 404, Exceeding the ~300 Target Guided in Mar'26 Qtr

In Sep'26 Qtr, Steel Strips Wheels reported consolidated EBITDA of INR 23,584 Lakhs with margins expanding to 12.2%, while management commentary highlighted Q2 FY27 EBITDA per wheel reaching 404. Against the initial FY27 guidance of close to INR 300 per wheel set in the Mar'26 Qtr concall, management explicitly upgraded its full-year outlook, stating performance will exceed the revised target of >310 per wheel. Looking ahead, management now guides that the 400+ run-rate is sustainable and expects EBITDA per wheel to exceed 450 to 500 in FY28, driven by a richer product mix, debottlenecking, and automation.