Wheels India Ltd., has registered strong growth in its net profit for the December quarter, which rose to ₹32.05 crore compared with ₹22.57 crore in the corresponding quarter of the previous year. Revenues for the quarter increased 21.7% year-on-year to ₹1,287 crore.
Commenting on the performance, Srivats Ram, Managing Director, Wheels India, said, “Our traditional business of wheels for trucks, tractors and cars received a growth impetus from GST 2.0 and delivered strong growth in Q3. The low base of Q3FY25 enabled us to register a 21.7% growth in Q3FY26.”
On the export front, he said that strong demand for construction wheels in the US and windmill components in the EU led to exports growing by close to 20% in Q3.
For the nine months ended December 31, 2025, Wheels India reported net profit of ₹86.3 crore, compared with ₹69.9 crore in the corresponding period of the previous year. Revenues for the period rose 13.1% year-on-year to ₹3,653 crore, against ₹3,230 crore in the same period last year.
Sharing the outlook, Srivats Ram said, “GST 2.0 has clearly boosted demand sentiment in the domestic market, with growth momentum likely to continue into Q4. If the government maintains a strong focus on infrastructure spending in the upcoming Budget, growth could extend into the next year. On the export front, any improvement in trade relationships would further enhance our business prospects, which are built on trust and long-standing relationships.”
The Board has declared an interim dividend of ₹5.30 per share.
Wheels India is a leading manufacturer of wheels for trucks, agricultural tractors, passenger vehicles and construction equipment; air suspension systems for trucks and buses, and industrial components for the construction and windmill industry with manufacturing plants in Tamil Nadu, Maharashtra, Uttar Pradesh, Uttarakhand and Andhra Pradesh.