Wheels India Limited reported a 72% jump in standalone net profit at ₹20.60 crore for the third quarter ended December.
Revenue from operations grew 57% to Rs 1,006 crore, the company said in a statement. According to an official, exports grew by 66% to Rs 267 crore.
Export sales accounted for about 26% of the total sales. By segment, auto components made up 55% of sales, while 37% came from industrial components. Shreevatsa Ram, MD said, “The company posted growth in exports in the fifth successive quarter, with good growth in Q3 exports.” “We expect the growth trend in exports to continue. On the domestic front while tractors and CVs [commercial vehicle] The segment witnessed slowdown in November and December, we expect the CV business to improve in Q4,” he said.
,