Wheels India net profit up 30% at Rs 12 cr in Q3, revenue rises 10%

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

Wheels India Ltd has registered a 30.4 per cent rise in net profit for the third quarter ended December 31, 2020, at Rs 12 crore, from Rs 9.2 crore in the comparative period of the previous year.

Revenue for Q3 ended December 2020 rose by 9.8 per cent to Rs 640 crore from Rs 583 crore in the same period last year.

The Company exports were around 20 per cent of its sales. The firm has a diversified customer base with over 40 customers globally.

During the third quarter, the Company began its first shipment of cast aluminum wheels to the US from