Wheels India's Q1 FY 2025-26 Quarterly Results

Result Summary

• Wheels India Ltd reported a 0.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.6%.
• Its expenses for the quarter were up by 0.2% QoQ and 8.0% YoY.
• The net profit decreased 20.1% QoQ and increased 28.9% YoY.
• The earnings per share (EPS) of Wheels India Ltd stood at 12.2 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Wheels India Ltd is a prominent manufacturer in the automotive industry, specializing in the production of wheels for various vehicles, including passenger cars, trucks, buses, agricultural tractors, and construction equipment. The company is headquartered in India and has established itself as a significant player in both domestic and international markets. While specific recent developments are not detailed in the provided data, Wheels India Ltd has been known for its innovation and quality in manufacturing, which has supported its reputation and market presence. The company operates in a competitive industry where technological advancements and cost efficiency are crucial for maintaining market share.

Revenue

For Q1FY26, Wheels India Ltd reported a total income of ₹1268.61 crores. This reflects a quarter-over-quarter (QoQ) decrease of 0.5% from ₹1274.50 crores in Q4FY25. However, on a year-over-year (YoY) basis, the total income increased by 8.6% from ₹1167.86 crores in Q1FY25. These figures indicate the company's ability to sustain revenue growth compared to the same quarter in the previous year, even though there was a slight decline compared to the preceding quarter. The revenue performance showcases the company's capacity to maintain its market position despite potential fluctuations in demand or other market conditions.

Profitability

The company's profitability metrics for Q1FY26 show a profit before tax of ₹39.57 crores, marking a decline of 17.4% QoQ from ₹47.90 crores in Q4FY25. Year-over-year, the profit before tax increased by 34.3% from ₹29.46 crores in Q1FY25. The profit after tax for Q1FY26 was ₹30.59 crores, which is a 20.1% decrease from the previous quarter's ₹38.27 crores but a 28.9% increase from ₹23.73 crores in the same quarter last year. The earnings per share (EPS) for Q1FY26 was ₹12.20, down 22.8% from ₹15.80 in Q4FY25, yet up 25.8% from ₹9.70 in Q1FY25. These figures reflect a mixed performance, with annual improvements contrasting with short-term challenges affecting quarterly results.

Operating Metrics

Total expenses for Q1FY26 were reported at ₹1229.04 crores, showing a slight QoQ increase of 0.2% from ₹1226.60 crores in Q4FY25 and a YoY increase of 8.0% from ₹1138.40 crores in Q1FY25. This slight rise in expenses QoQ alongside a more significant YoY increase suggests ongoing operational costs adjustments, which could be related to production, materials, or labor costs. The tax expense for Q1FY26 was ₹10.37 crores, decreasing by 13.7% from Q4FY25's ₹12.02 crores, but it increased by 34.0% compared to ₹7.74 crores in Q1FY25. These operational metrics provide insights into the company's cost management and fiscal responsibilities over the analyzed periods.