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Wheels India Ltd.

30 Jul 2024

861.55

0.81%

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

Wheels India Ltd. is trading above its 200 day SMA of 753.0

Wheels India Ltd.

29 Jul 2024

861.55

0.81%

Wheels India posts 25 crore profit in Q1

Business Line

The company's gross revenues for Q1 of this fiscal year were 1,088.20 crore, slightly down from 1,133.02 crore

Wheels India Ltd. is trading below its 30 day SMA of 900.6

Wheels India Ltd.

29 Jul 2024

861.55

0.81%

to see Rapid results content

Wheels India Ltd.

17 Jul 2024

861.55

0.81%

Wheels India plans 225 cr capex for FY25, to set upEuropean subsidiary

Business Line

The investment will primarily target machining large castings, aluminium wheels, earthmoving wheels, tractor wheels, and hydraulic cylinders

Wheels India Ltd. is trading below its 30 day SMA of 900.6

Wheels India Ltd.

21 May 2024

861.55

0.81%

Wheels India's Q4 net profit surges 64%, shares jump nearly 20%

Business Line

Wheels India board has recommended a dividend of 7.39 per share

Wheels India Ltd. is trading below its 30 day SMA of 900.6

Wheels India To Spend Rs 200 Crore On Capital Expenditure In Current Fiscal

NDTV Profit | 21 May 2024

Wheels India Ltd.

21 May 2024

861.55

0.81%

to see Rapid results content

Wheels India Ltd.

30 Jan 2024

861.55

0.81%

Chennai floods pull down Wheels India's Q3 profit

Business Line

Wheels India Ltd's Q3 net profit drops to 12.58 crores due to low demand in specific segments and plant disruptions, while revenues rise 11.1% on strong export recovery