Wheels India Reports ₹36.8 Crore Profit in Q4, Up 64.3% indiainfoline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiainfoline.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on Latest News at LatestLY. Wheels India Ltd has reported a 64.3 per cent rise in its net profit for the January-March 2024 quarter at Rs 36.8 crore on the back of exports doing well, the company said. Latest News | Wheels India Records 64.3 Per Cent Rise in Q4 Net at Rs 36.8 Cr.
Wheels India Ltd reported a 64.3% increase in net profit for the January-March 2024 quarter to Rs 36.8 crore, attributing the growth to strong export performance. The company s full-year net profits rose by 8.6% to Rs 67.9 crore. Managing Director Srivats Ram highlighted the success of exports, particularly in earthmover wheels, aluminum wheels, and hydraulic cylinders. Revenues remained steady at Rs 1,167 crore for the quarter and grew by 6.3% to Rs 4,619 crore for the full year. The Board recommended a dividend of Rs 7.39 per share.
India Business News: CHENNAI: Driven by better product mix, low aluminium prices and improved exports, Wheels India has registered just over 64% rise in net profit for Q4F.