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Wheels India (WHEELS) investor relations material
Wheels India Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY27 consolidated gross revenue rose 35.8% YoY to ₹1,722.96 crore; PAT increased 89.8% to ₹60.16 crore.
Standalone Q2 gross revenue grew 35.5% to ₹1,597.60 crore and PAT rose 92.3% to ₹53.41 crore.
Automotive components grew 40% in Q2, led by earthmover wheels, air suspension and strong domestic auto demand.
H1 consolidated gross revenue increased 26.7% to ₹3,215.75 crore and PAT rose 59.1% to ₹99.11 crore; standalone revenue and PAT grew 26.1% and 66.9%.
FY27 priorities include capacity expansion and scaling industrial products, with a target of double-digit EBITDA margins within two years.
Financial highlights
Consolidated Q2 gross revenue was ₹1,722.96 crore versus revenue from operations of ₹1,710.95 crore; PAT was ₹60.16 crore.
Standalone Q2 gross revenue was ₹1,597.60 crore versus revenue from operations of ₹1,585.03 crore; PAT was ₹53.41 crore.
Consolidated H1 gross revenue was ₹3,215.75 crore versus revenue from operations of ₹3,201.95 crore; PAT was ₹99.11 crore.
Standalone H1 gross revenue was ₹2,983.57 crore versus revenue from operations of ₹2,965.46 crore; PAT was ₹90.45 crore.
Consolidated Q2 EBITDA rose 45.0% to ₹143.98 crore, with an 8.36% margin; PBT increased 87.9% to ₹79.31 crore.
Outlook and guidance
FY27 capex is estimated at ₹400–450 crore for automotive wheels, energy products, hydraulic cylinders, construction and mining wheels, and air suspension.
Strategic priorities include export growth in construction-equipment and tractor wheels, ramping large-casting machining and fabricated windmill parts, and expanding hydraulic cylinders, cast alloy wheels and bus air suspension.
Cast aluminum wheel capacity is planned to rise from 80,000 to 130,000 units monthly by March; 100,000 monthly units and 10%–12% EBITDA margin are expected by Q1 next year.
Double-digit EBITDA margin is targeted within two years; construction fabrication is expected to become profitable in Q3–Q4, with hydraulic cylinders scaling from Q4.
H2 exports are expected to improve on H1, with stronger export-business ramp-up focus next year; customer schedules were described as strong.
- Profit rebounded on improved margins and industrial results despite weaker revenue and demand.WHEELS
Q2 24/25 - Profit and EPS rose despite lower revenue; automotive improved, while industrial posted a loss.WHEELS
Q1 24/25 - Profit rose despite lower revenue; an interim dividend of ₹4.50 per share was declared.WHEELS
Q3 24/25 - FY26 revenue reached 5,465 Cr as export growth and segment expansion supported the growth agenda.WHEELS
Investor presentation - Consolidated revenue and profit rose; automotive led as industrial returned to profit.WHEELS
Q1 25/26 - Q3 FY26 revenue and profit rose YoY; interim dividend set at ₹5.30/share.WHEELS
Q3 25/26 - FY25 profit surged despite lower revenue; FY26 growth is targeted at single digits.WHEELS
Q4 24/25 - Q2 profit grew as automotive components led earnings and capacity investment advanced.WHEELS
Q2 25/26 - FY26 PAT rose 40.9%; ₹9.14-per-share dividend recommended amid demand and cost risks.WHEELS
Q4 25/26
Next Wheels India earnings date
Next Wheels India earnings date
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