Wheels India reports 88% increase in net profit in Q2 FY27
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- ✓Wheels India reported an 88 per cent increase in net profit to ₹60 crore for the second quarter ended September 30, 2026.
- ✓Revenue rose 36 per cent to ₹1,723 crore.
- ✓Srivats Ram said, "The demand has been much higher in Q2." The firm also increased its annual capex to ₹450 crore.
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- India Economy
Increases capex spend to around ₹450 crore this fiscal as against the usual ₹250 crore to ₹300 crore
Wheels India Ltd, the Chennai-based automotive component manufacturer, on Thursday reported an 88 per cent increase in net profit to ₹60 crore for the second quarter ended September 30, 2026, as against ₹32 crore in the same period last year. Revenue was up 36 per cent to ₹1,723 crore (₹1,268 crore).
Standalone net profit rose to ₹53 crore (₹28 crore) on revenue of ₹1,585 crore (₹1,173 crore).
"The demand has been much higher in Q2, and some of the sectors that we are in have been more profitable," Srivats Ram, Chairman and Managing Director, Wheels India, told businessline on the reasons for the increased profitability.
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