| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 1.1K | 4.4% |
| Total Income | 1.1K | 4.3% |
| Expenditure | 1.1K | 4.5% |
| PBT | 31.99 | 3.3% |
| Net Profit | 24.04 | 4.7% |
| OPM | — | |
| NPM | — | |
| EPS | 1.02 | 2.0% |
Wheels India Q3 net rise to Rs. 22.57 Crore, Nine months Net Profit rise to Rs. 69.86 Crore
27 Jan 2025 · 27 Jan 2025, 10:05 pm
Summary
Wheels India has reported a significant increase in its Net Profit for the Q3 ended December 31, 2024, at Rs. 22.57 Crore compared to Rs. 12.58 Crore in the corresponding quarter of the previous year. The company's revenues for Q3 ended December 31, 2024, were Rs. 1,058 Crore, down from Rs. 1,131 Crore in the Q3 ended December 31, 2023. For the nine months ended December 31, 2024, Wheels India's Net Profit stood at Rs. 69.86 Crore, up from Rs. 31.04 Crore in the comparative nine months ended December 31, 2023. The company attributes this growth to lower raw material prices, favorable product mix, and productivity & cost improvements.
Key Highlights
- 1
Wheels India's Q3 net profit rises to Rs. 22.57 Crore
- 2
Nine months net profit increases to Rs. 69.86 Crore
- 3
Revenues for Q3 stand at Rs. 1,058 Crore
- 4
Lower raw material prices, favorable product mix, and productivity & cost improvements contribute to the growth
- 5
The company expects improved domestic demand in the CV wheel segment in Q4 and hopes to grow exports in the coming year
Management Comments
Srivats Ram
MD, Wheels India Ltd.
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
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