Chennai, Aug 5 (UNI) Automotive wheels major Wheels India Ltd closed the quarter ended 30.6.2025 with four percent increase in net profit over the previous year corresponding period.
According to the company, it closed the first quarter of FY26 with a revenue of Rs.1,187 crore (Q1 FY25 Rs.1,088 crore) and a net profit of Rs.26.44 crore (Rs.25.37 crore).
The company’s export revenues for the first quarter Rs. 324 crore from overseas markets compared to Rs. 259 crore registered in the same period last year.
Commenting on the performance, Srivats Ram, Managing Director, India said, “Our revenue growth in the first quarter was driven by demand from export customers. In the domestic market, there was strong demand for our air suspension systems from bus customers.”
The company has recently set up a subsidiary in Europe with a share capital of 50,000 Euros and expects this to drive the business development in the region.
“The subsidiaries in the US and Europe are part of our long-term strategy to focus on and leverage the opportunities in these two geographies in both the auto and non-auto segments. While we already have customers in these regions, we believe that local presence will enable us to better service their requirements and build a foundation on which business can grow over the next 3-5 years,” Ram said.
On the outlook, he said, “In the domestic market, we expect a strong tractor demand given the good monsoons this year. On the export market, given the headwinds related to US tariffs, we have to wait and watch as to how these unfold and play out for us to see what kind of an impact it will have in the short-term. But we are positive on the export growth prospects over the long term.”
