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Get latest articles and stories on Latest News at LatestLY. Wheels India Ltd has reported a 64.3 per cent rise in its net profit for the January-March 2024 quarter at Rs 36.8 crore on the back of exports doing well, the company said. Latest News | Wheels India Records 64.3 Per Cent Rise in Q4 Net at Rs 36.8 Cr.
Wheels India Ltd reported a 64.3% increase in net profit for the January-March 2024 quarter to Rs 36.8 crore, attributing the growth to strong export performance. The company's full-year net profits rose by 8.6% to Rs 67.9 crore. Managing Director Srivats Ram highlighted the success of exports, particularly in earthmover wheels, aluminum wheels, and hydraulic cylinders. Revenues remained steady at Rs 1,167 crore for the quarter and grew by 6.3% to Rs 4,619 crore for the full year. The Board recommended a dividend of Rs 7.39 per share.
Wheels India reports 64.3% growth in net profit for Q4 2023-24, driven by exports and windmill castings machining.
India Business News: CHENNAI: Driven by better product mix, low aluminium prices and improved exports, Wheels India has registered just over 64% rise in net profit for Q4F.
Wheels India Limited reported earnings results for the full year ended March 31, 2024. For the full year, the company reported sales was INR 49,773 million compared to INR 46,402.5 million a year ago....