Wheels India Limited has informed the Exchange regarding a press release dated August 05, 2025, titled "Press release".
WHEELS · price
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Awaiting price reaction for this filing.
Wheels India reported a 4% rise in Q1 FY26 net profit to Rs. 26.44 crore, up from Rs. 25.37 crore a year ago. Revenue grew 9% to Rs. 1,187 crore from Rs. 1,088 crore, driven mainly by strong export demand. Export revenue crossed the Rs. 300 crore mark, rising to Rs. 324 crore from Rs. 259 crore last year. Domestically, the company saw strong demand for its air suspension systems from bus customers. The company has also set up a new subsidiary in Europe (with a share capital of 50,000 Euros) as part of its long-term 3-5 year strategy to grow in both auto and non-auto segments in the US and European markets.
Modest profit growth and strong export performance signal healthy business momentum, but management has flagged uncertainty around US tariffs as a near-term watchpoint. The European expansion could support future revenue diversification.