Auto Parts & Equipment company Wheels India announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: The company has registered a Net Profit of Rs 36 crore for the Q4 ended 31st March 2025 as compared with Rs 36.8 crore for the corresponding quarter of the previous year. Revenues for Q4 ended 31st March 2025 went up 2.4 % to Rs1,195 crore as compared to Rs 1,167 crore in the Q4 ended 31st March 2024. FY25 Financial Highlights: Wheel manufacturer Wheels India Ltd., has registered a 56% increase in its Net Profit for the year ended 31st March 2025 at Rs 105.9 crore compared with Rs 67.9 crore registered in the same period the previous year. The company registered revenues of Rs 4,425 crore for the year ended 31st March 2025 as compared with Rs 4619 crore for the year ended 31st March 2024. Commenting on the performance, Srivats Ram, MD, Wheels India said, Net Profit crosses Rs 100 Crore “Our focus on cost control measures, a favourable product mix and lower commodity prices led to a strong profit growth in FY25 and we were able to cross Rs 100 Crore of net profits last year. We have also been able to achieve a turnaround in profitability in our passenger car steel wheel subsidiary” Demand Sentiment is back On revenue growth, Srivats said, “There was marginal growth in topline with growth in the domestic sales led by strong tractor wheel demand and growth in exports led by the windmill components. There is some momentum in demand going forward as well” Capital expenditure On the outlook for the year, Srivats said, “In FY25, there was a capex of ~ Rs 250 Crore with the largest investment being in a plant for larger wheels for the tractor segment. In the coming year, the capex will be similar with the largest investment being in adding capacity for manufacture of windmill components.” Building impetus for Export Growth On export growth, Srivats said, “The company is setting the groundwork for growth in international markets over the next 3 years The lead time in winning and developing a wider range of products for this business is more than a year but the base is being built” Result PDF
Auto Parts & Equipment company Wheels India announced Q3FY25 results Q3FY25 Financial Highlights: Net Profit for Q3FY25 at Rs 22.57 crore compared to Rs 12.58 crore registered in Q3FY24. Revenues of Rs 1,058 crore for Q3FY25 as compared to Rs 1,131 crore in Q3FY24. Srivats Ram, MD, Wheels India, said: “In terms of the strong profit growth in Q3, we continued to be benefitted by lower raw material prices, favorable product mix and productivity & cost improvements.” “We expect the domestic demand to improve in the CV wheel segment in Q4. While our exports have fallen this year due to cyclicity in off-road product ranges, we hope to grow our exports in the coming year, through new product programs” Result PDF
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