Wheels India FY26 net profit reaches Rs 139 crore, revenue surpasses Rs 5,000 crore

Business Desk — Fri, 15 May 2026 09:08:13 +0000

Wheels India Ltd. has reported a significant financial performance for the fiscal year 2026, with net profit reaching ₹139 crore and revenue surpassing the ₹5,000 crore milestone. The company’s revenue for FY26 stood at ₹5,124 crore, marking a 16% increase from ₹4,425 crore in the previous fiscal year.

For the fourth quarter ending 31st March 2026, Wheels India achieved a net profit of ₹52 crore, up from ₹36 crore in the corresponding quarter of the previous year. The company’s Q4 revenue rose by 23% to ₹1,471 crore compared to ₹1,195 crore in the same period last year.

Srivats Ram, Chairman and Managing Director of Wheels India, attributed the strong quarterly performance to robust domestic demand in the car, truck, and tractor segments, as well as the air suspension division. The export demand for earthmover wheels also contributed to the growth.

The company’s consolidated profit for the year ended 31st March 2026 reached ₹158 crore, compared to ₹112 crore in the previous year, surpassing the ₹150 crore mark when combined with its passenger car subsidiary.

In addition to the financial achievements, the Board of Directors has recommended a final dividend of ₹9.14 per share. This, combined with the interim dividend of ₹5.3 per share declared earlier, brings the total dividend for the year to ₹14.44 per share.

Looking ahead, Srivats Ram noted potential challenges due to rising inflation in commodities and fuel prices, which could impact demand growth in FY27. However, the company is committed to investing in capital expenditures to support its growth trajectory.

Wheels India is a prominent manufacturer of wheels for various vehicles and industrial components, with manufacturing facilities across several Indian states.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Srivats Ram | Business Upturn

Wheels India FY26 net profit reaches Rs 139 crore, revenue surpasses Rs 5,000 crore