Highlights: Wheels India Q2 Net Profit up 186% at Rs. 21.2 crores Revenues up 78% at Rs. 911.2 crores Half Year Net Profit at Rs.31.3 crores Revenues for the half year: Rs. 1585.8 crores Commenting on the performance, Srivats Ram, MD, Wheels India Ltd., said “The quarterly sales growth on a year on year basis was across all industry segments. The growth in the export business was strong in the construction equipment, agricultural equipment and windmill industries. This trend, in terms of growth of exports, is likely to sustain.” On the outlook, Srivats said, “There is some sign of improvement in the commercial vehicle segment from a low base in the previous year. Export schedules are not affected by the semiconductor shortages, as the segments the Company serves are not affected by this. The Company is making further investments to service export requirements in the coming year. There is a concern that rising commodity prices continue to be a challenge.” Result PDF