Wheels India Reports Robust Q3 Performance with 42% Profit Surge
Chennai-based automotive components manufacturer Wheels India has announced impressive financial results for the third quarter ended December 31, 2025, showcasing a significant uptick in profitability and revenue growth. The company's performance was primarily fueled by enhanced domestic demand following the implementation of GST 2.0 on key automotive components, marking a pivotal moment in its operational trajectory.
Financial Highlights and Dividend Declaration
In a statement released from Chennai, Wheels India revealed a net profit of Rs 32.05 crore for Q3 FY26, representing a substantial 42% increase from Rs 22.57 crore recorded in the same quarter of the previous fiscal year. Revenue for the quarter witnessed a robust growth of 21.7% year-on-year, climbing to Rs 1,287 crore compared to Rs 1,058 crore in Q3 FY25.
Reflecting the company's strong financial health and commitment to shareholder value, the board of Wheels India approved an interim dividend of Rs 5.3 per share. This marks an increase from last year's interim dividend of Rs 4.5 per share, culminating in a total payout of Rs 12.95 crore to its investors.
Driving Forces Behind the Growth
Srivats Ram, Managing Director of Wheels India, attributed the company's stellar performance to the direct benefits derived from GST-related reforms. "Our core domestic businesses, including wheels for trucks, tractors, and passenger cars, received a strong growth impetus from GST 2.0. This policy shift helped drive robust volume growth during the quarter," he explained. Ram also noted that the relatively low base of Q3 FY25 contributed to the sharp revenue expansion observed in Q3 FY26.
On the international front, export demand remained resilient, providing an additional boost to the company's overall performance. Ram highlighted that strong demand for construction equipment wheels in the US market and windmill components in the European Union enabled exports to grow by close to 20% during the quarter.
Nine-Month Performance and Future Outlook
For the nine-month period ended December 31, 2025, Wheels India reported a consolidated net profit of Rs 86.3 crore, up from Rs 69.9 crore in the corresponding period last year. Revenue for this duration increased by 13.1% year-on-year to Rs 3,653 crore, compared with Rs 3,230 crore in the previous fiscal year.
Looking ahead, Ram expressed optimism about sustaining the positive momentum triggered by GST 2.0 into the fourth quarter. "If the government continues to prioritise infrastructure spending in the upcoming Union Budget, this growth trend could extend into the next financial year," he stated. Regarding exports, Ram added that any improvement in global trade relations would further strengthen the company's long-term business prospects, positioning Wheels India for continued success in the competitive automotive components sector.
