Wheels India Q2 Profit Jumps to ₹53.4 Cr, Revenue Up 36%

Wheels India reported a significant increase in its Q2 Net Profit for the period ended September 30, 2026, reaching ₹53.4 crore, a substantial rise from ₹27.8 crore in the same quarter last year. Revenues for Q2 grew by 36% to ₹1,598 crore, up from ₹1,179 crore year-on-year. Export revenues also saw a healthy increase, growing to ₹388 crore from ₹299 crore. For the first half (H1) ended September 30, 2026, Net Profit rose to ₹90.5 crore from ₹54.2 crore, with revenues increasing by 26% to ₹2,984 crore. The company successfully raised ₹430 crore in Q2 through a preferential issue (₹180 crore) and QIP (₹250 crore) primarily for debt reduction. The Chairman cited strong sales growth from earthmover wheels, air suspension, and domestic markets for cars, trucks, and tractors.