Wheels India

The company said the flow form technology involves the application of pressure to the inner barrel of the wheel while spinning and after it has been casted

Wheels India Ltd, manufacturer of steel wheels for automobiles has reported net profit at Rs 15.14 crore during the quarter ending September 30, 2022, the company said on Tuesday. The company had reported net profits at Rs 21.2 crore during corresponding quarter previous year. For the half year ending September 30, 2022, the net profits of the company stood at Rs 25.8 crore as against Rs 31.3 crore registered in the corresponding period last year. Revenues for the quarter ending September 30, 2022 grew to Rs 1,109 crore as compared to Rs 911 crore registered in the same period last year. Revenues for the six-month period ending September 30, 2022 rose to Rs 2,166 crore as compared to Rs 1,586 crore recorded same period of last year. The revenue growth was driven by a good recovery in the domestic CV market. Exports have been impacted especially in retail segments in the United States and European Union, company Managing Director Srivats Ram said. The company has commenced product

The Railways has drawn up a blueprint to become an exporter of wheels and on Friday a tender was floated to build a wheel plant which would manufacture at least 80,000 wheels every year, Railway Minister Ashwini Vaishnaw said on Friday. This is for the first time that the Railways has floated a tender to invite private players to build a wheel plant and make wheels for high speed trains in India, he said. Indian Railways needs two lakh wheels per year. According to the plan, while Steel Authority of India Limited (SAIL) will provide one lakh wheels, the rest will be provided by a new 'Make in India' plant. Addressing a press briefing, Vaishnaw said the tender will be awarded on the condition that the plant will be exporter of wheels too and the export market will be Europe. The tender mandates that the plant has to be set up within 18 months, Vaishnaw said. The wheels of the Vande Bharat train were stuck in war-torn Ukraine and had to be airlifted to meet the timelines set for thei

Senior executive says 'early signs of slowdown in global economy'

Wheels India Ltd, manufacturers of wheels for automobiles on Thursday said it expects the demand for cast aluminium wheels to grow this year, according to a top company official

Among individual stocks, Bharti Airtel, M&M, HDFC, Kotak Bank, Nestle India, and Dr Reddy's Labs were the only Sensex gainers today

Revenue for Q2 went up 78% to Rs 911 crore from Rs 511 crore during the July-to-September period of 2020-21

During the third quarter, the Company began its first shipment of cast aluminum wheels to the US from its newly commissioned plant in Thervoy Kandigai

The company reported a revenue of Rs 510.84 crore in Q2FY21 compared to the Rs 595.63 crore reported in the same period last year

The firm has been reducing stake gradually in the company

The total income grew 32.8% to Rs 8.05 billion during the quarter

The stock hit a new high of Rs 2,690, up 11%, surging 30% in past two trading sessions after the company said its board will consider a bonus issue proposal in their meeting on Friday, June 22, 2018.

The stock moved higher by 20% to Rs 2,424 on the NSE, after the company said that its board will meet on Friday, June 22, 2018 to consider a maiden bonus issue proposal.

The stock zoomed 20% to Rs 1,970, also its all-time high on the BSE.

WIL's net profit for the first half year ended September 2017 went up to Rs 38.48 crore from Rs 27.05 crore

Over 50% of Wheels India's revenue comes from wheels for the CVs and passenger cars