29-Oct-2026 14:42:51
WHEELSIPO
WHEELS Q2 : CONS NET PROFIT UP 89.8% AT RS 60.16 CR (YOY), UP 54.5% (QOQ). STRONG (ON 1ST LOOK)
• Revenue up 35.4% at ₹1,710.95 Cr (YOY), up 14.8% (QOQ); H1 revenue up 26.6% at ₹3,201.95 Cr (YOY). • EBITDA up 45.0% at ₹143.98 Cr (YOY), up 23.8% (QOQ); margins 8.42% v 7.85% (YOY), 7.80% (QOQ). • Board approved ₹20 Cr investment in proposed CV air-system JV with Bosch and Brakes India; Bosch and TSF companies to hold 50:50. • Paid-up capital rose to ₹26.86 Cr from ₹24.43 Cr after preferential/QIB allotment; proceeds used to repay debt. • Impact: Strong YoY/QoQ profit and revenue growth, with board-approved ₹20 Cr JV investment and debt repayment from preferential/QIB proceeds.
Wheels India Limited
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