Wheels India (WHEELS) Q3 24/25 earnings summary

Executive summary

• Consolidated Q3 revenue from operations was ₹1,124.86 crore vs ₹1,210.41 crore YoY; net profit rose to ₹25.47 crore from ₹8.75 crore.

• 9M consolidated net profit increased to ₹73.65 crore from ₹20.63 crore; revenue was ₹3,467.21 crore vs ₹3,705.82 crore.

• Standalone Q3 gross revenue fell 6.5% YoY to ₹1,057.63 crore, while EBITDA rose 27.0% to ₹79.85 crore and PAT rose 79.4% to ₹22.57 crore.

Financial highlights

• Consolidated Q3 PBT was ₹33.42 crore vs ₹10.76 crore YoY; 9M PBT was ₹97.35 crore vs ₹24.56 crore.

• Standalone YTD Dec’24 gross revenue declined 6.4% to ₹3,230.04 crore; EBITDA rose 31.8% to ₹236.88 crore and PAT 125.1% to ₹69.86 crore.

• Standalone Q3 PBT was ₹30.20 crore vs ₹16.40 crore YoY; interest expense was ₹28.10 crore and depreciation ₹21.55 crore.

• Standalone YTD Dec’24 PBT was ₹92.48 crore vs ₹39.82 crore; interest expense was ₹81.58 crore and depreciation ₹62.82 crore.

• Standalone Q3 revenue was ₹1,056.59 crore vs ₹1,130.08 crore YoY, and net profit was ₹22.57 crore vs ₹12.58 crore.

Segment performance

• Consolidated Automotive Components Q3 revenue was ₹916.53 crore vs ₹996.86 crore YoY; 9M revenue was ₹2,857.66 crore vs ₹3,093.16 crore.

• Consolidated Industrial Components Q3 revenue was ₹208.33 crore vs ₹213.55 crore YoY; 9M revenue was ₹609.55 crore vs ₹612.66 crore.

• Consolidated Q3 segment results before tax and interest: Automotive Components ₹53.69 crore vs ₹25.81 crore YoY; Industrial Components ₹10.67 crore vs ₹15.39 crore.

• Standalone Q3 Automotive Components revenue was ₹848 crore, down 7%, with EBIT up 72% to ₹48 crore; Industrial Components revenue was ₹208 crore, down 2%, with EBIT up 31% to ₹11 crore.

• Standalone YTD Automotive Components revenue was ₹2,614 crore, down 8%, with EBIT up 50% to ₹149 crore; Industrial Components revenue was ₹610 crore, down 1%, with EBIT down 15% to ₹25 crore.