Wheels India Ltd

Cura Technologies Ltd, Arihant Foundations & Housing Ltd, Narmada Agrobase Ltd and R O Jewels Ltd are among the other losers in the BSE's 'B' group today, 01 July 2026.Wheels India Ltd lost 10.90% to Rs 1592.2 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 29376 shares were traded on the counter so far as against the average daily volumes of 9103 shares in the past one month.Cura Technologies Ltd crashed 9.80% to Rs 78.11. The stock was the second biggest loser in 'B' group.On the BSE, 56 shares were traded on the counter so far as against the average daily volumes of 208 shares in the past one month.Arihant Foundations & Housing Ltd tumbled 9.06% to Rs 810. The stock was the third biggest loser in 'B' group.On the BSE, 4310 shares were traded on the counter so far as against the average daily volumes of 1616 shares in the past one month.Narmada Agrobase Ltd dropped 8.08% to Rs 36.87. The stock was the fourth biggest loser in 'B' group.On the BSE, 1.74 lakh shares were traded on the counter so far as against the average daily volumes of 90269 shares in the past one month.R O Jewels Ltd fell 8.05% to Rs 1.6. The stock was the fifth biggest loser in 'B' group.On the BSE, 16739 shares were traded on the counter so far as against the average daily volumes of 29358 shares in the past one month.Powered by Capital Market - Live

Wheels India announced that the 67th Annual General Meeting(AGM) of the company will be held on 1 July 2026.

Wheels India announced that the Board of Directors of the Company at its meeting held on 15 May 2026, inter alia, have recommended the final dividend of Rs 9.14 per equity Share (i.e. 91.4%) , subject to the approval of the shareholders.

Wheels India has fixed 24 June 2026 as record date for final dividend of Rs 9.14 per equity share of Rs 10 each for FY 2026. The dividend will be paid on or before 30 June 2026.

Net profit of Wheels India rose 51.91% to Rs 58.09 crore in the quarter ended March 2026 as against Rs 38.24 crore during the previous quarter ended March 2025. Sales rose 22.46% to Rs 1564.02 crore in the quarter ended March 2026 as against Rs 1277.19 crore during the previous quarter ended March 2025. For the full year,net profit rose 39.77% to Rs 155.01 crore in the year ended March 2026 as against Rs 110.90 crore during the previous year ended March 2025. Sales rose 15.19% to Rs 5464.94 crore in the year ended March 2026 as against Rs 4744.40 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1564.021277.19 22 5464.944744.40 15 OPM %8.088.09 -7.557.43 - PBDT109.3275.51 45 324.38242.13 34 PBT77.3351.56 50 209.10148.91 40 NP58.0938.24 52 155.01110.90 40 Powered by Capital Market - Live

The agency has affirmed the company's short-term rating at 'IND A1'. India Ratings and Research stated that the upgrade reflects a notable improvement in WIL's EBITDA margins, and thus credit metrics at the consolidated level during FY25'9MFY26, supported by sustained revenue diversification and working capital efficiencies. The agency expects this positive momentum to continue over the near to medium term, driven by higher contributions from margin-accretive segments and ongoing cost-optimisation initiatives undertaken by the company. India Ratings further said that a significant improvement in the profitability along with improving profitability from newer segments, while maintaining the gross working capital cycle, and net adjusted leverage reducing below 2.5x, all on a consolidated and sustained basis, could lead to a positive rating action. However, a decline in the profitability margins and/or a stretch in the gross working capital cycle, leading to net adjusted leverage exceeding 3.5x, and deterioration in the liquidity position, could lead to a negative rating action. Wheels India manufactures steel and aluminium wheel rims across the automotive (except two-wheeler), tractor and earth mover segments. It caters to both the domestic and overseas markets. The company also has a presence in air suspension systems for luxury buses in India, supplies fabricated and machined parts for windmills, and produces bogie frame and bogie bolsters for the Indian Railways. The company had reported 44.05% increase in consolidated net profit to Rs 36.07 crore on a 21.92% increase in revenue to Rs 1,371.45 crore in Q3 FY26 as compared with Q3 FY25. The scrip had declined 2.03% to end at Rs 899.25 on the BSE on Friday. Powered by Capital Market - Live

Wheels India announced that the Board of Directors of the Company at its meeting held on 29 January 2026, inter alia, have recommended the interim dividend of Rs 5.3 per equity Share (i.e. 53%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Wheels India rose 44.05% to Rs 36.07 crore in the quarter ended December 2025 as against Rs 25.04 crore during the previous quarter ended December 2024. Sales rose 21.92% to Rs 1371.45 crore in the quarter ended December 2025 as against Rs 1124.86 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1371.451124.86 22 OPM %7.317.57 - PBDT77.8757.47 35 PBT48.5333.42 45 NP36.0725.04 44 Powered by Capital Market - Live

Wheels India will hold a meeting of the Board of Directors of the Company on 29 January 2026.Powered by Capital Market - Live

As part of this agreement, Topy Industries will provide technical knowhow and engineering support to enhance Wheels India's design and manufacturing capabilities for the cast aluminium wheel business. The company is currently in the process of expanding the annual capacity at its alloy wheels plant in Thervoi Kandigai to 7 lakh wheels per annum from the existing 5 lakh wheels per annum. This capacity expansion is expected to be completed by the end of the next quarter. Wheels India also plans to further ramp up capacity to 10 lakh wheels per annum next year and this expansion is expected to be completed by the end of FY27. Wheels India had forayed into the alloy wheel business in FY21 with a state -of- the-art facility at Thervoy Kandigai on the outskirts of Chennai. Initially focused on exports to the US and European aftermarket, the company has since turned its attention to the domestic market and has begun supplying alloy wheels to Indian OEMs such as Tata Motors and Stellantis. The company has also bagged new orders for its aluminium wheels business from Hyundai & Volkswagen and expects to commence supplies next year. Wheels India already has a JV with Topy for its steel wheels business through WIL Car Wheels having a 74% equity holding. This JV is focused on steel wheels for the Japanese OEMs in India. Srivats Ram, MD, Wheels India said, 'Topy Industries is an over 100 year old globally renowned wheel manufacturer. They are a leading manufacturer of aluminium wheels with evolved cutting-edge technologies. This agreement is expected to bring in considerable technical expertise in the aluminium wheel segment for Wheels India. We are confident that this agreement will also help us win new businesses and bolster our competitive advantage in the cast aluminium segment. Through this agreement, we are hoping to make fresh inroads into the Japanese OEMs in India in the alloy wheel segment.' Wheels India manufactures wheels for trucks, tractors, passenger vehicles and construction equipment, as well as air suspension systems and industrial components for the construction and windmill industries. It operates manufacturing plants across Tamil Nadu, Maharashtra, Uttar Pradesh and Uttarakhand. The company's consolidated net profit jumped 29.1% to Rs 30.99 crore on 7.4% increase in net sales to Rs 1,263.97 crore in Q2 FY26 over Q2 FY25.Powered by Capital Market - Live