Wheels India Limited has informed the Exchange that Record date for the purpose of Dividend is 24-Jun-2026.
WHEELS · price
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Wheels India Limited reported strong FY2026 results with standalone revenue of Rs 5,098 Crores (up 15.5% YoY) and consolidated revenue of Rs 5,465 Crores (up 15.2% YoY). Net profit grew significantly to Rs 138.56 Crores standalone and Rs 158.05 Crores consolidated, with consolidated EPS at Rs 63.44 (up from Rs 45.39). The Board recommended a final dividend of Rs 9.14 per share (91.4% payout on Rs 10 face value), amounting to Rs 22.33 Crores, payable on or before June 30, 2026. The record date is June 24, 2026. The 67th AGM will be held on July 1, 2026. The company also approved alteration of its Articles of Association. Auditors issued unmodified opinions on both standalone and consolidated financial statements.
The strong 31% growth in net profit and near-doubling of EPS demonstrates operational improvement. The 91.4% dividend payout ratio indicates management's confidence in sustained cash flows and is positive for income-focused investors, though it limits retained earnings for growth investments.