Wheels India Q3 Profit Jumps as GST 2.0 and Export Demand Power 21.7% Revenue Surge

The latest update is out from Wheels India Limited ( (IN:WHEELS) ).

Wheels India reported a strong third quarter for the period ended December 31, 2025, with net profit rising to Rs 32.05 crore from Rs 22.57 crore a year earlier and revenues climbing 21.7% to Rs 1,287 crore, driven primarily by robust domestic demand. Management attributed the performance to a rebound in its core wheel business for trucks, tractors and cars, supported by the positive impact of GST 2.0 and a low base in the previous year, while exports grew nearly 20% on strong demand for construction wheels in the US and windmill components in the EU. For the first nine months of FY26, revenue increased 13.1% to Rs 3,653 crore and net profit rose to Rs 86.3 crore, underscoring sustained momentum that the company expects to carry into the fourth quarter, especially if government infrastructure spending accelerates and global trade relations improve. Reflecting confidence in its performance and outlook, the board approved a higher interim dividend of Rs 5.3 per share, up from Rs 4.5 per share in the prior year, signaling value accretion for shareholders alongside growth across both domestic and export markets.

More about Wheels India Limited

Wheels India Limited is a leading Indian manufacturer of wheels for trucks, agricultural tractors, passenger vehicles and construction equipment, as well as air suspension systems for trucks and buses and industrial components for the construction and windmill sectors. The company operates multiple manufacturing plants across Tamil Nadu, Maharashtra, Uttar Pradesh, Uttarakhand and Andhra Pradesh, serving both domestic and export markets with a strong presence in automotive and infrastructure-related industries.

Average Trading Volume: 2,162

Technical Sentiment Signal: Hold

Current Market Cap: 17.46B INR

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