Wheels India Q4 profit up by 8.4% to Rs 18 cr

Revenues for the fourth quarter of FY17 were up 9.7% to Rs 557 crore

TVS Group Company Wheels India Ltd., a leading manufacturer of steel wheels, has registered an 8.4 per cent growth in profit to Rs 18.40 crore, during the fourth quarter ended March 31, 2017, from Rs 16.97 crore during the same quarter a year ago.

Revenues for the fourth quarter of FY17 were up 9.7 per cent to Rs 557.49 crore from Rs 508.04 crore a year ago.

Over 50 per cent of Wheels India's revenues come from automotive wheels for trucks and cars, with the rest coming from wheels for agricultural tractors and construction equipment, air suspension systems and energy-equipment parts.

The company