Wheels India Ltd, the Chennai-based automotive component manufacturer, reported a 51 per cent increase in consolidated net profit to ₹58 crore in the fourth quarter ended March 31, 2026 over ₹38 crore for the corresponding quarter last year. Revenue was up 22 per cent to ₹1,564 crore (₹1,371 crore).
For FY26, consolidated net profit increased by 41 per cent to ₹158 crore as against ₹112 crore over the previous year on a 15 per cent increase.
On the back of an improvement in domestic demand and exports, the consolidated revenues crossed the milestone of ₹5,000 crore in FY26 to ₹5,465 crore (₹4,744 crore).
On a standalone basis, the company reported a 41 per cent increase in net profit to ₹52 crore (36 crore) on a 23 per cent increase in revenue to ₹1,462 crore (₹1,192 crore).
For FY26, the consolidated standalone net profit rose by 31 per cent to ₹139 crore (₹105 crore) on a 15 per cent increase in revenue - that crossed the ₹5,000 crore milestone - to ₹5,098 crore (₹4,415 crore).
The Board that met in Chennai today recommended a final dividend of Rs. 9.14 per share that combined with the interim dividend of Rs. 5.3per share declared earlier in the year takes the total dividend for the year to Rs. 14.44 per share.
Srivats Ram, CMD, Wheels India, said, “The fourth quarter was a record quarter in terms of sales driven by very strong domestic demand in car, truck and tractor segments, on the back of GST 2.0 reforms. The air suspension division also had a strong quarter. On the export front, the demand for earthmover wheels was the driver for growth.”
Speaking to newspersons Ram said the end of the fourth quarter also saw the beginning of inflation in commodities and fuel prices. This headwind is likely to mute demand growth in FY27 in domestic industry segments serviced by us. “We are likely to invest around ₹280 crore in capex this fiscal to fuel the growth,” he said.
Demand is intact. We have had two years of successive growth and better profitability. We believe we can continue this even in these uncertain times. We expect exports to improve further this year compared to last year but really FY28 will be a better year on the exports front as we are working on new contracts with global customers. Overall, we are confident of doing relatively better going forward, he said.
Due to the GST 2.0 efforts, the third and fourth quarters were very strong across all segments like car, truck, tractor, air suspension. On the export front, the company did not do badly in exports despite the US tariff.
On the export front, the company did not do badly in exports despite the US tariff with the company clocking a 20 per cent export growth in Q4, he added.
“However, in March we started feeling the pressures of the West Asia crisis and we started seeing the beginning of initial non availability of commodities such as aluminium or gas, and inflation in commodities and fuel prices that started kicking in in March and that is a headwind that we will have to face,” he said. “We will have inflationary headwinds in the coming year,” he added.
“We remain cautiously optimistic and I say the word cautiously optimistic because uh this is a little bit like walking in a fog towards very diffuse sunlight at the end of it and you really don’t know where you are till you have made one step,” said Ram.
Published on May 15, 2026