Revenues increase to ₹1,598 crore; H1 net profit rises to ₹90.5 crore
Wheels India has reported a strong increase in net profit for the second quarter ended September 30, 2026, at ₹53.4 crore, compared with ₹27.8 crore in the corresponding quarter of the previous year. Revenues for Q2 grew by 36% to ₹1,598 crore, compared with ₹1,179 crore in the same period last year.
Export revenues up
Export revenues increased to ₹388 crore in Q2, compared with ₹299 crore in the corresponding quarter of the previous year.
H1 net profit rises to ₹90.5 crore
Net profit for the first half of FY2027, ended September 30, 2026, increased to ₹90.5 crore, compared with ₹54.2 crore in H1 FY2026. Revenues for the first half grew by 26% to ₹2,984 crore, compared with ₹2,366 crore in the corresponding period of the previous year.
Fundraising completed in Q2
Wheels India raised a total of ₹430 crore during the quarter – ₹180 crore through a preferential issue and ₹250 crore through a qualified institutional placement (QIP) – with the objective of reducing debt. The fundraising and debt reduction were completed by the end of September 2026.
Commenting on the company’s performance, Srivats Ram, Chairman and Managing Director, Wheels India, said, “The second 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, Srivats 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.”
