Auto Parts & Equipment company Wheels India announced Q2FY25 results Net Profit for the Q2FY25 at Rs 21.92 crore as compared to Rs 5.24 crore registered in the Q2FY24. Revenues of Rs 1,085 crore for the Q2FY25 as compared to Rs 1,189 crore registered in the Q2FY24. Srivats Ram, MD, Wheels India said: “A favorable product mix, notably increase in machining of windmill castings,productivity improvements and cost control measures have resulted in a good growth in profit for the second quarter in succession. These measures will continue into the second half and we are hopeful of maintaining the profit growth in this trajectory, in the current year.” “There was a drop in CV and tractor wheel requirements in Q2. There has been a significant drop in lift air suspension systems business for trucks as there is a move in the market away from multi-axle vehicles and towards trailers. On exports as we had indicated earlier, the slowdown in the US and EU has not only resulted in cut in schedules but also a delay in introduction of new products as customers had to wait to exhaust stocks. While there will be a reduction in exports this year, we expect that the new products that come into play in FY26 will ensure growth in exports in the next year.” “We are hopeful that CV, tractor and aluminum wheels will pick up in Q4.” Result PDF