Auto Parts & Equipments company Wheels India announced Q1FY25 results: Wheels India has registered an increase in its net profit at Rs 25.37 crore for the Q1 ended 30th June 2024 as compared to Rs 13.22 crore registered in the comparative quarter of the previous year. Gross Revenues for Q1 ended 30th June 2024 stood at Rs 1,088.20 crore as compared to Rs 1,133.02 crore registered in the Q1 ended 30th June 2023. Commenting on the performance, Srivats Ram, MD, Wheels India said, “A change in product mix, our increased focus on cost control, and some improvement in the CV business has contributed to the strong profit growth in Q1.” On the immediate growth prospects, Srivats said, “While the overall growth prospects on domestic and export business are muted, we expect the hydraulic cylinder business and cast aluminium wheel business to grow in the second half of the year.” Result PDF