Wheels India Limited has informed the Exchange regarding a press release dated May 19, 2025, titled "Press Release".
WHEELS · price
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Awaiting price reaction for this filing.
Wheels India reported a 56% jump in FY25 net profit to Rs. 105.9 crore from Rs. 67.9 crore last year, crossing the Rs. 100 crore mark for the first time. However, full-year revenue slipped to Rs. 4,425 crore from Rs. 4,619 crore in FY24. In Q4 alone, net profit was nearly flat at Rs. 36 crore versus Rs. 36.8 crore a year ago, while Q4 revenue grew 2.4% to Rs. 1,195 crore. The Board recommended a final dividend of Rs. 7.03 per share. Management credited cost control, a better product mix, and lower commodity prices for the profit growth, noting strong tractor wheel demand domestically and export growth from windmill components.
Strong profit growth and a maiden crossing of Rs. 100 crore net profit is positive for shareholders, though the slight revenue dip and flat Q4 profit suggest margins, not topline, drove the gains. The dividend and Rs. 250 crore capex plan signal confidence, and export and windmill component expansion could support future growth.