Auto components manufacturer Wheels India Ltd reported a strong performance for the first quarter of FY2026-27, with net profit rising 42% year-on-year on the back of healthy growth in domestic demand and exports, despite facing inflationary pressures on raw material costs.
The Chennai-based company posted a net profit of ₹37 crore for the quarter ended June 30, 2026, compared with ₹26 crore in the corresponding quarter of the previous financial year.
Revenue from operations increased 16.8% to ₹1,386 crore during the quarter, up from ₹1,187 crore a year ago.
Exports maintain momentum
Exports continued to be a key growth driver, rising 17.3% to ₹380 crore in the June quarter from ₹324 crore in the same period last year.
The company recorded robust demand for construction equipment wheels in international markets, complementing the healthy performance of its domestic business.
Domestic demand supports growth
Wheels India Ltd Chairman & Managing Director Srivats Ram said the company’s sales growth mirrored the sustained momentum in the domestic automobile market.
“The company’s sales grew along with the domestic market for cars, trucks and agricultural tractors, which continued their momentum following the GST 2.0 reforms. In addition, we saw strong growth in the export of construction equipment wheels,” he said.
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.