Auto Parts & Equipment company Wheels India announced Q1FY26 results Revenues for Q1FY26 went up 9% to Rs 1,187 crore as compared to Rs 1,088 crore registered in Q1FY25. Aet profit for the Q1FY26 at Rs 26.44 crore as compared to Rs 25.37 crore registered in Q1FY25. The company’s export revenues for the Q1FY26 Rs 324 crore from overseas markets compared to Rs 259 crore registered in Q1FY25. Srivats Ram, MD, Wheels India said: “Our revenue growth in the first quarter was driven by demand from export customers. In the domestic market, there was strong demand for our air suspension systems from bus customers.” “The subsidiaries in the US and Europe are part of our long-term strategy to focus on and leverage the opportunities in these two geographies in both the auto and non-auto segments. While we already have customers in these regions, we believe that local presence will enable us to better service their requirements and build a foundation on which business can grow over the next 3-5 years” “In the domestic market, we expect a strong tractor demand given the good monsoons this year. On the export market, given the headwinds related to US tariffs, we have to wait and watch as to how these unfold and play out for us to see what kind of an impact it will have in the short-term. But we are positive on the export growth prospects over the long term.” Result PDF
Auto Parts & Equipment company Wheels India announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: The company has registered a Net Profit of Rs 36 crore for the Q4 ended 31st March 2025 as compared with Rs 36.8 crore for the corresponding quarter of the previous year. Revenues for Q4 ended 31st March 2025 went up 2.4 % to Rs1,195 crore as compared to Rs 1,167 crore in the Q4 ended 31st March 2024. FY25 Financial Highlights: Wheel manufacturer Wheels India Ltd., has registered a 56% increase in its Net Profit for the year ended 31st March 2025 at Rs 105.9 crore compared with Rs 67.9 crore registered in the same period the previous year. The company registered revenues of Rs 4,425 crore for the year ended 31st March 2025 as compared with Rs 4619 crore for the year ended 31st March 2024. Commenting on the performance, Srivats Ram, MD, Wheels India said, Net Profit crosses Rs 100 Crore “Our focus on cost control measures, a favourable product mix and lower commodity prices led to a strong profit growth in FY25 and we were able to cross Rs 100 Crore of net profits last year. We have also been able to achieve a turnaround in profitability in our passenger car steel wheel subsidiary” Demand Sentiment is back On revenue growth, Srivats said, “There was marginal growth in topline with growth in the domestic sales led by strong tractor wheel demand and growth in exports led by the windmill components. There is some momentum in demand going forward as well” Capital expenditure On the outlook for the year, Srivats said, “In FY25, there was a capex of ~ Rs 250 Crore with the largest investment being in a plant for larger wheels for the tractor segment. In the coming year, the capex will be similar with the largest investment being in adding capacity for manufacture of windmill components.” Building impetus for Export Growth On export growth, Srivats said, “The company is setting the groundwork for growth in international markets over the next 3 years The lead time in winning and developing a wider range of products for this business is more than a year but the base is being built” Result PDF