Business EconomyPosted at: Oct 29 2026 4:50PM


Wheels India Q2 Net Profit up at Rs.53.4 cr

Chennai, Oct 29 (UNI) Wheels India today announced that it has registered a good increase in its Net Profit for the Q2 ended 30th September 2026 at Rs.53.4 crore as compared to Rs. 27.8 crore in the corresponding quarter of the previous year.
Revenues for Q2 has grown by 36% to Rs.1,598 crore as compared to Rs.1,179 crore, exports grew to Rs.388 crore as against Rs.299 crore, while Net Profit for H1 grew to Rs.90.5 crore as compared to Rs. 54.2 crore registered in H1FY26. Revenues of H1 increased by 26% to Rs. 2,984 crore as compared to Rs.2,366 crore.
The company has raised total funds to the tune of Rs.430 crore -- Rs.180 crore through preferential issue and Rs.250 crore through QIP with the objective of debt reduction. The fund raise and the debt reduction was completed by the end of September
Commenting on the performance, Company CMD Srivats Ram said, “The 2nd quarter saw strong sales growth coming from earthmover wheels, air suspension and the domestic Indian markets for cars, trucks and tractors.”
On the outlook for the second half of the year, he said, “In the second half, inflation is a concern. Growth will also be affected by a higher base effect arising out of GST 2.0 demand push that we benefited from in H2 last year.”
Wheels India is a leading manufacturer of wheels for trucks, agricultural tractors, passenger vehicles and construction equipment; air suspension systems for trucks and buses, and industrial components for the construction and windmill industry with manufacturing plants in Tamil Nadu, Maharashtra, Uttar Pradesh, Uttarakhand and Andhra Pradesh.
UNI GV
Tags: #Wheels India Q2 Net Profit up at Rs.53.4 cr
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