Wheels India Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- Wheels India Ltd reported a 4.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 7.0%.
- Its expenses for the quarter were down by 4.5% QoQ and 8.9% YoY.
- The net profit increased 4.2% QoQ and increased 191.1% YoY.
- The earnings per share (EPS) of Wheels India Ltd stood at 10.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1126.72 | 1177.46 | 1211.24 | -4.3% | -7.0% |
Total Expenses | 1094.73 | 1146.46 | 1202.02 | -4.5% | -8.9% |
Profit Before Tax | 31.99 | 31.00 | 9.22 | 3.2% | 247.0% |
Tax | 7.95 | 8.01 | 2.01 | -0.7% | 295.5% |
Profit After Tax | 25.47 | 24.44 | 8.75 | 4.2% | 191.1% |
Earnings Per Share | 10.30 | 10.00 | 4.10 | 3.0% | 151.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Wheels India Ltd is a prominent player in the automotive industry, known for its extensive range of steel wheels. The company caters to various segments including passenger cars, trucks, agricultural tractors, and construction equipment. Additionally, Wheels India is involved in the manufacturing of air suspension systems for commercial vehicles and railway bogies. Recent developments indicate the company has been focusing on expanding its product portfolio and enhancing production capabilities to meet the growing demand in both domestic and international markets. However, specific recent strategic moves or partnerships are not available in the provided data.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Wheels India Ltd reported a total income of ₹1126.72 crores. This reflects a quarter-over-quarter (QoQ) decline of 4.3% from ₹1177.46 crores in Q2FY25. When compared to the same quarter in the previous fiscal year (Q3FY24), there is a year-over-year (YoY) decrease of 7.0% from ₹1211.24 crores. The decline in total income over both periods suggests that the company is experiencing challenges in maintaining its revenue levels, potentially due to market conditions or changes in demand.
Profitability
For Q3FY25, Wheels India Ltd achieved a profit before tax (PBT) of ₹31.99 crores, marking a QoQ increase of 3.2% from ₹31.00 crores in Q2FY25 and a substantial YoY increase of 247.0% from ₹9.22 crores in Q3FY24. The tax expense for the quarter was ₹7.95 crores, slightly lower than the previous quarter but significantly higher YoY. Consequently, the profit after tax (PAT) rose to ₹25.47 crores, which is a QoQ increase of 4.2% from ₹24.44 crores and a remarkable YoY increase of 191.1% from ₹8.75 crores. Earnings per share (EPS) also improved to ₹10.30, representing a 3.0% increase QoQ and a 151.2% increase YoY.
Operating Metrics
Wheels India Ltd's total expenses for Q3FY25 amounted to ₹1094.73 crores, which shows a QoQ decrease of 4.5% from ₹1146.46 crores in Q2FY25 and an 8.9% YoY decrease from ₹1202.02 crores in Q3FY24. This reduction in expenses has contributed positively to the bottom line despite the decline in total income. The tax expense remained relatively stable QoQ, with a slight decrease of 0.7%, but saw a significant increase YoY, reflecting higher profitability. The data indicates a focus on cost control and efficiency improvements, which have positively impacted the company's financial performance in terms of profitability.
