Wheels India Ltd. News and Updates

Keep track of all breaking news on Wheels India Ltd. from all sources in a single place.

20 May 2025, 05:54PM

751.35

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Wheels India's FY25 net profit crosses 100-cr mark

Business Line

Wheels India reported a 56 per cent increase in its net profit to 105.6 crore for FY25 compared to a net profit of 67.9 crore in FY24

Wheels India Ltd. has gained 27.48% in the last 1 Year

Wheels India Ltd.

20 May 2025, 05:26PM

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2.07%

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Wheels India Ltd.

28 Jan 2025

751.35

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Domestic demand to improve in CV wheel segment in Q4: Wheels India

Business Standard

Steel wheels manufacturer Wheels India expects the domestic demand to improve in the commercial vehicle wheel segment during the current January-March 2025 quarter, a top official said. The city-headquartered company also hopes to grow its exports in the coming year through new product programmes, Managing Director Srivats Ram said on Tuesday. Wheels India declared its financial results for the October-December 2024 quarter with net profits of Rs 22.57 crore, as compared to Rs 12.58 crore in the corresponding quarter of the last financial year. The net profits for the nine months ending December 31, 2024, surged to Rs 69.86 crore, from Rs 31.04 crore registered a year ago. "In terms of strong growth in Q3, we continued to benefit from lower raw material prices, favourable product mix and productivity and cost improvements," Ram said regarding financial performance. Revenues during the quarter under review stood at Rs 1,058 crore, as against Rs 1,131 crore registered in the same per

Wheels India Ltd. has gained 24.70% in the last 3 Months

Wheels India reports 79% rise in Q3 net profit at 23 cr

Business Line | 27 Jan 2025

Wheels India Ltd.

27 Jan 2025

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Wheels India Ltd.

29 Oct 2024

751.35

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Wheels India pegs to double hydraulics business in next 2-3 years: MD

Business Standard

Wheels India Ltd, a manufacturer of wheels for trucks, passenger vehicles and construction equipment, after witnessing market opportunities in the exports segment, expects to double its hydraulics business over the next two-three years, a top official said. The contribution from the hydraulics business to Wheels India Ltd is currently at Rs 150 crore, company managing director Srivats Ram said. "There are a lot of export opportunities in the hydraulics business and we are expanding to meet the global requirements. We are a supplier to a manufacturer in Europe and North America... We are confident of doubling the hydraulics business in the next 2-3 years from the current level of over Rs 150 crore," Ram said, while declaring the company's financial performance here. Wheels India was proceeding with its plan committing Rs 225 crore towards capital expenditure for this year, he said. The city-headquartered company has already earmarked about Rs 225 crore for taking up expansion of the

Number of FII/FPI investors increased from 18 to 25 in Mar 2025 qtr.

Wheels India sticks to FY25 capex plan as non-auto biz grows amid truck market slowdown

Business Line | 28 Oct 2024

Wheels India Ltd.

28 Oct 2024

751.35

2.07%

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Wheels India Ltd.

30 Jul 2024

751.35

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Wheels India records strong net profit of Rs 25cr in Q1 due to cost control

Business Standard

Leading manufacturer of wheels for trucks, tractors and passenger vehicles Wheels India Ltd has reported a net profit of Rs 25.37 crore for the April-June 2024 quarter, thanks to cost control measures and change in the product mix, a top official of the company has said. The city-based company had recorded a net profit of Rs 13.22 crore in the corresponding quarter last year. "A change in the product mix, increased focus on cost control and some improvement in the CV (commercial vehicles) business has contributed to the strong profit in Q1," Wheels India Ltd MD Srivats Ram said. Total revenues during the quarter under review stood at Rs 1,088.20 crore, as against Rs 1,133.02 crore in the same quarter last year. Wheels India has earmarked Rs 225 crore as capital expenditure for the current financial year towards taking up expansion of the cast aluminium and machining for windmill castings businesses. The company is planning to increase the production capacity of aluminium wheels fr