Steel Strips Wheels Q2 FY27 standalone revenue Rs 1,929.90 cr; PAT Rs 118.80 cr
Steel Strips Wheels’ standalone Q2 FY27 revenue from operations rose to Rs 1,929.90 cr, with PAT at Rs 118.80 cr versus Rs 38.50 cr in Q2 FY26.
Key takeaways
- Revenue from operations Rs 1,929.90 cr vs Rs 1,200.60 cr in Q2 FY26
- EBITDA Rs 234.80 cr vs Rs 111.90 cr, EBITDA margin 12.2% vs 9.3%
- Profit before tax Rs 158.90 cr vs Rs 52.60 cr, margin 8.2% vs 4.4%
- PAT Rs 118.80 cr vs Rs 38.50 cr, PAT margin 6.2% vs 3.2%
Q2 FY27 · standalone
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 1,929.90 cr | Rs 1,200.60 cr | +60.7% |
| PAT | Rs 118.80 cr | Rs 38.50 cr | +208.5% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 6.16% of revenue, up 294 bps from 3.21%.
• Revenue from operations (Q2 FY27, standalone): Rs 1,929.90 cr vs Rs 1,200.60 cr in Q2 FY26
• Cost of materials consumed: Rs 1,313.60 cr vs Rs 764.90 cr
• Changes in inventory: Rs -21.20 cr vs Rs 8.90 cr
• Gross profit: Rs 637.50 cr vs Rs 426.70 cr
• Gross profit margin: 33.0% vs 35.5%
• Employee cost: Rs 133.10 cr vs Rs 104.10 cr
• Other expenses: Rs 269.70 cr vs Rs 210.60 cr
• EBITDA: Rs 234.80 cr vs Rs 111.90 cr
• EBITDA margin: 12.2% vs 9.3%
• Depreciation: Rs 43.50 cr vs Rs 30.50 cr
• Other income: Rs 2.90 cr vs Rs 3.10 cr
• EBIT: Rs 194.10 cr vs Rs 84.50 cr
• EBIT margin: 10.1% vs 7.0%
• Finance cost: Rs 35.20 cr vs Rs 32.00 cr
• Profit before tax: Rs 158.90 cr vs Rs 52.60 cr
• Profit before tax margin: 8.2% vs 4.4%
• Tax: Rs 38.60 cr vs Rs 13.60 cr
• Prior period adjustment/Deferred tax: Rs 1.50 cr vs Rs 0.40 cr
• Profit after tax: Rs 118.80 cr vs Rs 38.50 cr
• Profit after tax margin: 6.2% vs 3.2%
According to the statement of financial results embedded in the investor presentation (Profit & Loss table on page 8, standalone basis), Steel Strips Wheels Limited reported standalone revenue from operations of Rs 1,929.90 cr for Q2 FY27, compared with Rs 1,200.60 cr in Q2 FY26. Gross profit increased to Rs 637.50 cr from Rs 426.70 cr over the same period, while the gross profit margin moved from 35.5% to 33.0%.
Employee cost for the quarter was Rs 133.10 cr versus Rs 104.10 cr a year earlier, and other expenses rose to Rs 269.70 cr from Rs 210.60 cr. EBITDA for Q2 FY27 stood at Rs 234.80 cr compared with Rs 111.90 cr in Q2 FY26, with the EBITDA margin at 12.2% versus 9.3%, as per the same Profit & Loss table. Depreciation increased to Rs 43.50 cr from Rs 30.50 cr, while other income was Rs 2.90 cr against Rs 3.10 cr.
EBIT came in at Rs 194.10 cr for Q2 FY27, up from Rs 84.50 cr in Q2 FY26, with the EBIT margin at 10.1% compared with 7.0%. Finance cost was Rs 35.20 cr versus Rs 32.00 cr in the year-ago quarter. Profit before tax rose to Rs 158.90 cr from Rs 52.60 cr, and the profit before tax margin was 8.2% against 4.4%.
Tax expense for the quarter was Rs 38.60 cr, compared with Rs 13.60 cr in Q2 FY26, and prior period adjustment/deferred tax was Rs 1.50 cr versus Rs 0.40 cr. Profit after tax for Q2 FY27 was Rs 118.80 cr, compared with Rs 38.50 cr in the corresponding quarter of the previous year, with the profit after tax margin at 6.2% versus 3.2%, as reported in the statement of financial results.
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