Wheels India Ltd, one of the largest steel wheel manufacturers in the world, reported a 44% rise in standalone net profit for the March quarter at ₹52 crore compared with the year-ago period, supported by strong domestic demand and export growth.
Total income during the quarter increased 23% to ₹1,471 crore.
The board recommended a final dividend of ₹9.14 per share.
Revenue crosses ₹5,000 crore
On a consolidated basis, Wheels India’s revenue for FY26 crossed the ₹5,000-crore milestone to reach ₹5,124 crore, registering a growth of 16% over the previous year.
Net profit for the year also crossed ₹150 crore mark and stood at ₹158 crore.
Leadership comment
Chairman and Managing Director Srivats Ram said that the March quarter was a record quarter in terms of sales.
According to him, the growth was driven by strong domestic demand in passenger vehicles, trucks and tractor segments, aided by GST 2.0 reforms. The company’s air suspension division also delivered a strong performance during the quarter.
Export demand and outlook
On exports, he said demand for earthmover wheels remained a key driver of growth during the quarter.
Commenting on the outlook for FY27, he said inflationary pressures in commodities and fuel prices began emerging towards the end of the fourth quarter.
According to him, rising input costs could moderate demand growth across domestic industry segments served by the company during the current financial year.
Despite the headwinds, the company plans to continue investing in capital expenditure to support long-term growth and capacity expansion.