Wheels India FY26 PAT rises 40% to ₹155 crore, board okays dividend of ₹9.14 per share

Wheels India Ltd. for the fourth quarter ended March 31, 2026 reported Consolidated Profit After Tax (PAT) of ₹58 crore compared to ₹38 crore in year ago period, up 53%.

Revenues for the period increased 22% Year on Year (YoY) to ₹1,564 crore. 

For FY26 the company reported consolidated PAT of ₹155 crore as compared to ₹111 crore in the same period of the previous year, up 40% YoY.

For the year revenues at ₹5,465 crore, grew 15% YoY.  

The board has declared a final dividend of ₹9.14 per share that combined with the interim dividend of ₹5.3 per share declared earlier takes the total dividend for the year to ₹14.44 per share.

Srivats Ram, CMD, Wheels India said, “The fourth quarter was a record quarter in terms of sales driven by very strong domestic demand in car, truck and tractor segments, on the back of GST 2.0 reforms. The air suspension division also had a strong quarter. On the export front, the demand for earthmover wheels was the driver for growth.”

On the outlook, Mr Ram said “The end of the fourth quarter also saw the beginning of inflation in commodities and fuel prices. This headwind is likely to mute demand growth in FY27 in domestic industry segments serviced by us. We continue to invest in capex required to fuel growth of the company.”

He said the company would make a CapEx of ₹280 crore this year. “A lot of it will go into debottlenecking of the existing lines. Some investment will also go into aluminum wheels, hydraulic cylinders and Wind Mills machining segments,” he said.

He said positive demand sentiment following GST 2.0, very stable commodity price through most of the year and lowering interest rate contributed to good growth.

“Exports did well despite the uncertainty around the tariff issue. In Q4, exports grew by 20%. Q4 of last year was a once in a decade kind of growth. The second half of last year and particularly Q4 was very strong,” he said.

“We have had two years of successive growth and better profitability. We believe we can continue this even in these uncertain times. We expect exports to improve further this year compared to last year but really FY28 will be a better year on the exports front as we are working on new contracts with global customers. Overall, we are confident of doing relatively better going forward,: he said.

In the tractor segment, the company had set up a new plant last year in Mambattu near Chennai and has started to get orders. “We are shipping to overseas customers and expect better volumes in FY28 and FY29,” he said. 

He said the US market is doing very well for the company with half of exports went to the US in Q4, despite different duty structures during the year.