Wheels India Limited — Updates, 27-01-2025: Press Release

Wheels India has reported a significant increase in Net Profit for Q3, reaching Rs. 22.57 Crore, up from Rs. 12.58 Crore in the same quarter last year. However, revenue decreased to Rs. 1,058 Crore from Rs. 1,131 Crore year-over-year. For the nine-month period, Net Profit climbed to Rs. 69.86 Crore, compared to Rs. 31.04 Crore a year earlier, although revenues fell to Rs. 3,230 Crore from Rs. 3,452 Crore.

Management attributed Q3’s profit growth to lower raw material prices, improved product mix, and enhanced productivity. Looking ahead, they expect improved domestic demand in the commercial vehicle wheel segment for Q4 and anticipate growth in exports next year, supported by new product initiatives. The Board has also approved an interim dividend of Rs. 4.50 per share. This performance signals a positive outlook for the company and highlights its resilience amid industry fluctuations.