CHENNAI: Wheels India saw its net profit for the Q3 ended December 31, 2025 shooting up to Rs 32.05 crore from Rs 22.57 crore registered in the corresponding quarter of the previous year.
Revenues for Q3 ended December 31, 2025 went up 21.7 per cent to Rs 1,287 crore compared to Rs 1,058 crore registered in the same period last year.
Srivats Ram, MD, Wheels India said, “Our traditional business of wheels for trucks, tractors and cars got a growth impetus from GST 2.0 and showed strong growth in Q3.”
On the overseas business, Srivats said, “On the export front, strong demand for construction wheels in the US and for windmill components in the EU meant that exports grew at close to 20 per cent in Q3.”
For the nine months ended December 31, 2025, Wheels India registered a good growth in its net profit at Rs 86.3 crores compared to Rs 69.9 crores registered in the corresponding nine months of the previous year.
Revenues for the first nine months of the year went up 13.1 per cent to Rs 3,653 crore against Rs 3,230 crore registered in the first nine months of the previous year.
On the outlook, Srivats said, “GST 2.0 has definitely boosted demand sentiment in the domestic market with a growth momentum that is likely to continue into Q4.
If the government focuses on infra spending in the upcoming budget, growth could continue in the coming year.”