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Srivats Ram, Managing Director, Wheels India
Wheels India, a leading auto parts maker, has for the first time surpassed the ₹100-crore profit milestone in FY25.
Wheels India reported a 56 per cent increase in its net profit to ₹105.6 crore for FY25 compared to a net profit of ₹67.9 crore in FY24. This was despite a 5 per cent year-on-year decline in revenue to ₹4,425 crore (₹4,619 crore in FY24).
“During the year, the company benefited from effective cost controls, a favourable product mix and lower steel prices—factors that contributed to strong profit growth. Notably, FY25 marked the first time Wheels India crossed ₹100 crore in net profit. Additionally, the company’s passenger car steel wheel subsidiary, which had been incurring losses over the past two years, achieved profitability during the year,” said Srivats Ram, Managing Director, Wheels India Ltd.
The Board has recommended a final dividend of ₹7.03 per share, in addition to the interim dividend of ₹4.50 already declared.
On a quarterly basis, Q4 revenue rose to ₹1,195 crore, up from ₹1,167 crore in the same period last year. Net profit for the quarter stood at ₹36 crore, slightly below the ₹36.8 crore recorded a year ago, reflecting broadly stable performance.
Ram also stated that the company’s passenger car steel wheel subsidiary, which had been incurring losses over the past two years, turned profitable in FY25, contributing to the improved consolidated net profit.
With regards to capital investment plans, the majority of the fresh investments is set to focus on expanding capacity in its windmill and tractor segment operations. Notably, around ₹100 crore will be allocated to enhancing machining capabilities for large windmill castings to meet growing demand, particularly from offshore wind markets in Europe. Additional investments will be directed toward cast aluminum wheels, balancing equipment and development work in hydraulic cylinders.
The company remains confident about its future growth prospects, despite broader concerns regarding a muted Indian economy and global trade challenges, including tariff barriers. Strong domestic demand in the agricultural tractor segment and expanding orders for windmill components, particularly for offshore projects, are expected to serve as the primary growth drivers. The company is also witnessing increasing demand for its air suspension systems, especially from electric bus manufacturers.
Despite global trade uncertainties, including new tariff structures in the US, the company expects exports to remain resilient. “On the export front, the company is laying strong groundwork expected to drive growth over the next three years. Efforts include acquiring new customers and expanding the product range. While this involves significant testing and validation, the company has good visibility and expects continued export growth,” said Ram.
Published on May 20, 2025
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