India · Delayed Price · Currency is INR Wheels India Earnings Call Transcripts
Fiscal Year 2026
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FY26 sales rose 16% to ₹5,124 crore and PAT grew ~31%, with Q4 boosted by domestic demand and improving industrial components. Management targets double-digit EBITDA in ~2 years, but near-term visibility, inflation and West Asia disruption pose risks.
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Q2 revenue rose 8.63% and net profit 26.69% YoY, with exports and domestic tractor-wheel and air-suspension demand contributing. Management plans INR 250 crore of CapEx and expects growth from export expansion and ramping investments.
Fiscal Year 2025
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FY25 net profit rose 56% to INR 105.9 crore despite lower full-year revenue. FY26 outlook calls for healthy single-digit growth, stable profitability and a 7% EBITDA margin.
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Q2 and H1 profit rose sharply, supported by mix, productivity and cost control, while revenue declined amid weak CV, tractor and export demand. FY2025 revenue is expected slightly below FY2024; margins are expected to hold, with possible Q4 demand recovery.