Wheels India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 20, 2024 at 05:11 am EDT
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Wheels India Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 12,714.8 million compared to INR 12,509 million a year ago. Revenue was INR 12,745 million compared to INR 12,545.7 million a year ago. Net income was INR 385.1 million compared to INR 223.4 million a year ago. Basic earnings per share from continuing operations was INR 15.76 compared to INR 9.14 a year ago. Diluted earnings per share from continuing operations was INR 15.76 compared to INR 9.14 a year ago.
For the full year, sales was INR 49,773 million compared to INR 46,402.5 million a year ago. Revenue was INR 49,854.8 million compared to INR 46,613 million a year ago. Net income was INR 627.7 million compared to INR 553.5 million a year ago. Basic earnings per share from continuing operations was INR 25.69 compared to INR 22.66 a year ago. Diluted earnings per share from continuing operations was INR 25.69 compared to INR 22.66 a year ago.
Wheels India Limited is an India-based manufacturer of steel, aluminum and wire wheels. The Company is engaged in the manufacturing of wheels for trucks, agricultural tractors, passenger vehicles and construction equipment; air suspension systems for trucks and buses, and industrial components for the construction and windmill industry with manufacturing plants in Tamil Nadu, Maharashtra, Uttar Pradesh and Uttarakhand. Its segments include automotive components and industrial components. Its product categories include wheels, vehicle chassis and suspension, renewable energy components, fabricated and precision products, hydraulic cylinders, railway and aftermarket. Its vehicle chassis and suspension products include FTS 2 ton series, FTS 3 ton series and retraction system. The Company's renewable energy components include stiffening plate, torque plate, pitch plate and rotor lock disc. The Company provides hydraulic cylinders for energy equipment and off-road vehicles.
WHEELS INDIA LIMITED 
