WHEELS quarterly results and annual financials: sales, operating profit, OPM, net profit, EPS, balance sheet, cash flow and ratios like ROCE, with YoY and QoQ growth.
Wheels India Ltd reported sales of ₹1,711 Cr, operating profit of ₹128 Cr (OPM 7%) and net profit of ₹60 Cr for the quarter ended Sep 2026. Figures in ₹ crore, consolidated where available.
WHEELS quarterly results (₹ Cr)
Metric
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Sales
1,125
1,277
1,266
1,264
1,371
1,564
1,491
1,711
Expenses
1,040
1,174
1,172
1,171
1,271
1,438
1,379
1,583
Operating Profit
85
103
94
93
100
126
112
128
OPM
8%
8%
7%
7%
7%
8%
8%
7%
Other Income
3
3
4
7
8
12
4
16
Interest
31
30
31
30
30
29
29
31
Depreciation
24
24
26
27
29
32
33
34
Profit before tax
33
52
41
42
49
77
55
79
Tax
24%
25%
25%
25%
24%
24%
29%
24%
Net Profit
25
39
31
32
37
59
39
60
EPS in Rs
10.25
15.65
12.23
12.65
14.76
23.78
15.68
22.12
WHEELS profit & loss, annual (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
TTM
Sales
3,966
4,640
4,977
4,744
5,465
6,137
Expenses
3,712
4,420
4,711
4,392
5,052
5,671
Operating Profit
255
221
266
352
413
467
OPM
6%
4.8%
5%
7%
8%
8%
Other Income
16
26
16
11
31
40
Interest
71
106
122
122
120
119
Depreciation
101
74
85
93
115
128
Profit before tax
98
66
75
149
209
260
Tax
24%
22%
21%
25%
24%
-
Net Profit
74
51
59
112
158
195
EPS in Rs
31.78
23
25.69
45.39
63.44
76.34
Dividend Payout
26%
30%
29%
25%
23%
-
WHEELS balance sheet (₹ Cr)
Metric
Mar 2024
Mar 2025
Sep 2025
Mar 2026
Sep 2026
Equity Capital
24
24
24
24
27
Reserves
815
898
939
1,017
1,484
Borrowings
778
737
736
768
768
Other Liabilities
1,487
1,531
1,607
1,705
1,795
Total Liabilities
3,104
3,189
3,306
3,514
4,073
Fixed Assets
1,149
1,295
1,330
1,506
1,561
CWIP
77
50
63
69
88
Investments
32
46
73
78
62
Other Assets
1,845
1,797
1,841
1,861
2,362
Total Assets
3,104
3,189
3,306
3,514
4,073
WHEELS cash flows (₹ Cr)
Metric
Mar 2022
Mar 2023
Mar 2024
Mar 2025
Mar 2026
Cash from Operating Activity
28
370
329
400
477
Cash from Investing Activity
-120
-152
-150
-213
-292
Cash from Financing Activity
84
-216
-146
-188
-175
Net Cash Flow
-9
3
34
0
11
Free Cash Flow
-94
217
179
192
203
CFO/OP
22%
173%
134%
117%
124%
CFO/EBITDAShare of operating profit converting into cash: CFO (before tax) / Operating Profit