Wheels India Ltd

Wheels India Ltd share price slipped 2.78% to Rs 2190.3. The Company's net profit jumped 54.45% to Rs 60.16 crore, while revenue from operations increased 14.75% to Rs 1710.95 crore in Q3FY26 over Q2FY26. The market capitalization of Auto Components & Equipments industry group stocks on BSE stood at Rs 12.01 lakh crore, gaining 5.51%. It has inched up 5.16% over last one week and crept higher by 1.29% in last one month while the market capitalization of Wheels India Ltd has improved by 1.60% and 71.25% in the same period respectively. Profit before tax (PBT) of Wheels India Ltd stood at Rs 79.31 crore in Q3 FY26, jumping 87.89% year-on-year, and rallying 44.75% quarter-on-quarter. EBITDA came in at Rs 116 crore, surging by 31.99% YoY and easing 5.61% sequentially. Total expenses rose by 14.48% to Rs 1616.58 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 1239.3 crore, increasing 19.86% YoY, while employee benefits expense was at Rs 178.62 crore, expanding by 10.83% YoY. For the TTM ended FY26, revenue from operations improved 15.19% to Rs 5464.94 crore, while net profit surged by 40.81% to Rs 157.98 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 36888% to Rs 390.04 crore, and PBT soared 40.37% to Rs 209.03 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 477.35 crore in FY26, as against Rs 400.47 crore in FY25. Wheels India Ltd rallied 134.65% in last one year, significantly outperforming the benchmark BSE Sensex which has reduced by 12.76% during the same period.

Wheels India Ltd share price ticked higher by 0.17% to Rs 2252.85 after the company's net profit saw a strong growth of 54.45% to Rs 60.16 crore, while revenue from operations gained 14.75% to Rs 1710.95 crore in Q3FY26 over Q2FY26. The market capitalization of Auto Components & Equipments industry group stocks on BSE stood at Rs 12.01 lakh crore, rising 5.51%. It has marginally improved by 3.71% over last one week and crept higher by 1.75% in last one month while the market capitalization of Wheels India Ltd has improved by 7.20% and 76.14% in the same period respectively. Profit before tax (PBT) of Wheels India Ltd stood at Rs 79.31 crore in Q3 FY26, expanding by 87.89% year-on-year, and rallying 44.75% quarter-on-quarter. EBITDA came in at Rs 116 crore, jumping 31.99% YoY and gaining 5.61% sequentially. Total expenses increased by 14.48% to Rs 1616.58 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 1239.3 crore, going up by 19.86% YoY, while employee benefits expense was at Rs 178.62 crore, improving by 10.83% YoY. For the TTM ended FY26, revenue from operations grew 15.19% to Rs 5464.94 crore, while net profit surged by 40.81% to Rs 157.98 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 36888% to Rs 390.04 crore, and PBT surged 40.37% to Rs 209.03 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 477.35 crore in FY26, as against Rs 400.47 crore in FY25. Wheels India Ltd rallied 142.72% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 13.45% during the same period.

Wheels India Ltd announced, via communication to the National Stock Exchange of India Limited and BSE Limited on October 24, 2026, that it received a rating upgradation letter dated October 23, 2026, from ICRA Limited, concerning several instruments. Specifically, ICRA Limited upgraded the ratings for Long Term - Fixed Deposits to [ICRA]A+ (Stable) from [ICRA]A (Stable), Long Term – Fund Based – Term Loans to [ICRA]A+ (Stable) from [ICRA]A (Stable), Long Term/ short term – Fund Based to [ICRA]A+ (Stable)/[ICRA]A1 from [ICRA]A (Stable)/[ICRA]A2+, and Long Term/ short term – Unallocated to [ICRA]A+ (Stable) from [ICRA]A (Stable), and Short Term – Non-Fund Based to [ICRA]A1 from [ICRA]A2+.

Wheels India Limited announced the closure of a Qualified Institutions Placement of 11,97,318 equity shares at a price of Rs 2088 per share, including a premium of Rs 2078 per share, to eligible qualified institutional buyers, according to a regulatory filing on September 25, 2026. The company’s Fundraise Committee approved the allocation and adoption of the Placement Document, and finalized a confirmation of allocation note to be sent to eligible buyers, while also approving a refund intimation letter for those entitled to a refund.

Wheels India Limited announced the allotment of 11,97,318 equity shares with a face value of Rs 10 each to eligible qualified institutional buyers at an issue price of Rs 2088.00 per share, including a premium of Rs 2078.00, following a Qualified Institutions Placement that opened and closed on September 24, 2026 and September 25, 2026, respectively; the allotment included a discount of Rs 109.10 per share, totaling Rs 249.99 crore, increasing the company's paid-up equity share capital from Rs 256650430 to Rs 268623610. Aditya Birla Sun Life Mutual Fund, Magnum Equity Ex - Top 100 Long Short Fund, and SBI Balanced Hybrid Fund were among the allottees who received more than 5% of the equity shares offered in the issue.

Wheels India Limited has commenced a Qualified Institutions Placement (QIP) of equity shares with a floor price of Rs 2,197.10 per share, following approvals from its board of directors on July 10, 2026 and August 19, 2026, and shareholders on August 12, 2026 and September 17, 2026. The Fundraise Committee authorized the opening of the QIP on September 24, 2026, and may offer a discount of up to 5% on the floor price, with the Issue price to be determined in consultation with a lead manager, and the trading window closed until September 26, 2026.

Wheels India Limited announced that its board of directors approved the allotment of 12,32,031 fully paid-up equity shares at a price of Rs 1461 per share, totaling Rs 179,99,97,291, to TSF Investments Limited, Mr. Srivats Ram, Ms. Nivedita Ram, and Ms. Gita Ram. The company received in-principle approval from the National Stock Exchange of India Limited on September 16, 2026, and shareholder approval on September 17, 2026, for the preferential issue.

Wheels India Limited held an Extraordinary General Meeting on Thursday, September 17, 2026, via video conferencing, to consider a special resolution for the issuance of equity shares by way of a preferential issue on a private placement basis and to enhance fund-raising limits previously approved by shareholders on August 12, 2026. Mr. M P Vijay Kumar chaired the meeting following the nomination of a replacement chairman due to a conflict of interest declared by Mr. Srivats Ram, and the consolidated voting results will be uploaded to the company's website within two working days and sent to the National Stock Exchange of India Limited and BSE Limited.

Wheels India Limited announced that its board of directors revised the issue price for a proposed preferential issue of equity shares from Rs 1,418 per share to Rs 1,461 per share, also approving a revised number of shares to be issued to allottees while maintaining a total fundraising amount of Rs 180 crore. The move follows observations from the National Stock Exchange of India Limited regarding the valuation of the equity shares, and the company will issue a corrigendum to the notice for an Extraordinary General Meeting scheduled for September 17, 2026.

Wheels India Limited will hold an Extraordinary General Meeting (EGM) in August and September 2026, and shareholders are invited to participate through electronic voting and a virtual meeting facilitated by Central Depository Services (India) Limited (CDSL). Registration to speak at the meeting and submit queries is open from August 27, 2026, to September 12, 2026. The e-voting period will run concurrently. Shareholders can access the e-voting platform and virtual meeting link at [https://www.evotingindia.com](https://www.evotingindia.com), with the meeting link opening 15 minutes prior to the scheduled start time. Non-individual members must register as corporates and upload relevant documentation, while members without registered email addresses should update their information with their respective depository participants. For assistance, contact the CDSL helpdesk at 1800 21 09911 or investorservices@wheelsindia.com.