Wheels India Q2 FY27 Results: Consolidated Net Profit Rises 89.8% to ?60.16 Crore

Key Takeaways

Wheels India's consolidated net profit increased 89.8% year-on-year to ?60.16 crore in the September 2026 quarter.

Consolidated revenue from operations rose to ?1,710.95 crore from ?1,263.97 crore in the corresponding quarter last year.

The company's standalone net profit reached ?53.41 crore, while export revenue increased to ?388 crore during the quarter.

Wheels India Limited reported an 89.8% year-on-year increase in consolidated net profit to ?60.16 crore for the quarter ended September 30, 2026. The automobile components manufacturer had recorded a profit of ?31.69 crore in the same period last year.

Consolidated revenue from operations increased 35.4% to ?1,710.95 crore from ?1,263.97 crore.

The company announced its unaudited financial results on October 29, 2026. Copies of the financial results were subsequently published in Business Line and Dinamani on October 30, with the newspaper advertisements submitted to the stock exchanges under Regulation 47 of SEBI's Listing Obligations and Disclosure Requirements Regulations.

Wheels India Reports Higher Quarterly Profit

Consolidated profit before tax stood at ?79.31 crore, compared with ?42.21 crore in Q2 FY26.

Total consolidated income increased to ?1,722.96 crore from ?1,268.53 crore, while expenses rose to ?1,647.41 crore from ?1,228.44 crore.

On a standalone basis, Wheels India reported net profit of ?53.41 crore against ?27.77 crore in the year-ago quarter, representing growth of approximately 92.3%.

Standalone revenue from operations reached ?1,585.03 crore, compared with ?1,173.02 crore in Q2 FY26. Including other income, total standalone income amounted to ?1,597.60 crore.

The company manufactures wheels for passenger vehicles, commercial vehicles, tractors and construction equipment. Its product portfolio also includes air suspension systems and components used in the industrial and wind-energy sectors.

Export Revenue Increases to ?388 Crore

Exports contributed to the company's revenue growth during the quarter.

Wheels India reported export revenue of ?388 crore, compared with ?299 crore in the corresponding period last year. The increase was supported by demand for construction equipment wheels, earthmover wheels and windmill components.

The company also reported a 50% year-on-year rise in sales to the United States during the September quarter.

Domestic demand for products used in passenger cars, trucks and tractors contributed to the quarterly performance. Sales of earthmover wheels and air suspension products also improved, according to the company's management commentary.

Wheels India H1 FY27 Results

For the first half of FY27, consolidated net profit reached ?99.11 crore, compared with ?62.29 crore in H1 FY26.

Consolidated revenue from operations increased to ?3,201.95 crore from ?2,529.47 crore.

On a standalone basis, net profit for the six-month period rose to ?90.45 crore from ?54.21 crore, while revenue from operations reached ?2,965.46 crore against ?2,355.89 crore.

Company Raises ?430 Crore to Reduce Debt

During the September quarter, Wheels India also completed a ?430 crore fundraising exercise aimed at reducing debt.

The amount comprised ?180 crore raised through a preferential issue and ?250 crore through a qualified institutional placement (QIP).

The company stated that the fundraising and associated debt reduction were completed by the end of September 2026.

In its commentary on the second half of the financial year, management identified inflation and the higher comparative base from demand in the corresponding period last year as factors that could affect growth.

The September-quarter results showed higher sales and profits across the company's consolidated operations, supported by domestic demand and export growth.