Addressing a press conference, Srivats Ram, Managing Director, said,” We believe exports will be strong this year. We have built ground work based on which customers will roll out programmes. Testing and development of products is being done. We are adding to the range of products. Our efforts on exports over the last five years are starting to bear fruit now. We have a decent visibility on exports and are positive about the prospects and expect growth to show up over the next three years. Despite the tariff issue, demand is holding up for the moment.”
Wheels India registered a 56% increase in its net profit for the year ended 31st March 2025 at Rs.105.9 crore compared to Rs. 67.9 crore registered in the same period the previous year. The company registered revenue of Rs 4,425 crore for the year ended 31st March 2025 as compared with Rs 4,619 crore for the year ended 31 st March 2024.
The company registered a net profit of Rs 36 crore for the Q4 ended 31st March 2025 as compared to R. 36.8 crore in the corresponding quarter the previous year. Revenue for Q4 ended 31st March 2025 went up 2.4 % to Rs1,195 crore as compared to Rs 1,167 crore in the Q4 ended 31 st March 2024.
The board of directors of the company has recommended a final dividend of Rs 7.03 per share. “Our focus on cost control measures, a favourable product mix and lower commodity prices led to a strong profit growth in FY25 and we were able to cross Rs 100 crore of net profits last year. We have also been able to achieve a turnaround in profitability in our passenger car steel wheel subsidiary,” Mr Srivats Ram said.
