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Wheels India reports 14% fall in Q2 net profit

Wheels India has reported results for second quarter ended September 30, 2018.

The company has reported 14.16% fall in its net profit at Rs 22.67 crore for the quarter under review as compared to Rs 26.41 crore for the same quarter in the previous year. However, total income of the company increased by 32.73% at Rs 805.28 crore for Q2FY19 as compared Rs 606.72 crore for the corresponding quarter previous year.

Wheels India is company promoted by the TVS Group, India’s largest auto component manufacturers. It is one of the largest steel wheel manufacturers in the world.

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