Wheels India reported a 4% YoY increase in Q1 net profit to ₹26.44 crore.
Revenue growth remained stable across core sectors including auto and industrial applications.
The company attributed the modest gain to improved operational efficiencies and product demand.
Wheels India Q1 Net Profit Rises 4% to ₹26.44 Crore
Steady growth driven by stable demand in the automotive and industrial segments
Wheels India Q1 Net Profit
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Wheels India Ltd on Tuesday reported a 4% rise in net profit for the April-June 2025 quarter at ₹26.44 crore, driven by higher demand for its range of products.
The city-based manufacturer of wheels for trucks, tractors, passenger vehicles, and construction equipment had posted a net profit of ₹25.37 crore in the corresponding quarter of the previous financial year.
Revenue for the quarter rose 9% to ₹1,187 crore, up from ₹1,088 crore recorded in the year-ago period.
"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," said Srivats Ram, managing director of Wheels India Ltd, in a company statement.
Export revenue for the quarter crossed the ₹300 crore mark, reaching ₹324 crore, compared to ₹259 crore in the same period last year.
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