Wheels India Ltd has announced a 26.7% increase in net profit for the quarter ended September 30, 2025, reaching ₹28 crore compared to ₹22 crore during the same period last year. The company’s quarterly revenue grew 8.6% to ₹1,179 crore, up from ₹1,085 crore in the corresponding quarter of FY2024.
Despite global economic uncertainties, export earnings rose to ₹299 crore, marking a 15.6% year-on-year increase for the quarter. Commenting on the results, Srivats Ram, Managing Director, Wheels India, said, “Growth in the domestic market was driven by strong performance in air suspension systems and tractor wheels, while exports maintained their positive momentum.”
For the first half of FY2025–26, Wheels India posted a net profit of ₹54 crore, up 14.6% from ₹47 crore in the same period last year. Revenue for the half-year stood at ₹2,366 crore, compared to ₹2,174 crore a year earlier — an 8.9% increase. During the quarter, Wheels India signed a strategic alliance with SHPAC of South Korea. The partnership includes technical collaboration and joint business development in the hydraulic cylinder segment.
On the development, Mr Ram added, “The alliance with SHPAC is a key milestone for us. We believe this collaboration will significantly enhance our Hydraulics business and contribute to revenue growth over the next few years.” Looking ahead, Mr Ram noted that the company is proceeding as planned with its capital expenditure program for the year. “We expect the strong export trend to continue in the second half and remain optimistic about achieving solid overall growth for the year,” he said.
Wheels India Ltd is a leading manufacturer of steel wheels for commercial vehicles, tractors, passenger cars, and construction machinery, as well as air suspension systems and industrial components for sectors such as construction and wind energy. The company operates manufacturing facilities in Tamil Nadu, Maharashtra, Uttar Pradesh, and Uttarakhand.
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