Wheels India Q2 FY27 standalone revenue Rs 1,585.03 cr; PAT Rs 53.41 cr

What the numbers show

• Net margin was 3.37% of revenue, up 100 bps from 2.37%.
• Revenue rose 35.1% while total expenses rose 33.8%.
• Cost of materials accounted for Rs 270.55 cr of the Rs 385.51 cr rise in total expenses (70%).
• Cost of materials took 72.4% of revenue, against 74.8% a year earlier.

Key numbers (standalone, Q2 FY27 vs Q2 FY26)

All figures are from the statement of unaudited standalone and consolidated results for the quarter / half-year ended September 30, 2026.

• Revenue from operations (Gross Revenue from Operations): Rs 1,585.03 cr vs Rs 1,173.02 cr
• Other income: Rs 12.57 cr vs Rs 5.93 cr
• Total income: Rs 1,597.60 cr vs Rs 1,178.95 cr
• Cost of materials consumed: Rs 1,148.31 cr vs Rs 877.76 cr
• Changes in inventories of Finished goods and Work-in-progress: Rs (48.30) cr vs Rs (79.78) cr
• Employee benefit expense: Rs 167.08 cr vs Rs 138.53 cr
• Finance costs: Rs 28.78 cr vs Rs 27.51 cr
• Depreciation and amortisation expenses: Rs 31.60 cr vs Rs 25.38 cr
• Other expenses: Rs 199.77 cr vs Rs 152.33 cr
• Total expenses: Rs 1,527.24 cr vs Rs 1,141.73 cr
• Profit/(Loss) before exceptional items and tax (Profit/(Loss) before tax): Rs 70.36 cr vs Rs 37.22 cr
• Tax expense – Current tax: Rs 17.63 cr vs Rs 5.54 cr
• Tax expense – Deferred tax: Rs (0.68) cr vs Rs 3.91 cr
• Net Profit / (Loss) for the period: Rs 53.41 cr vs Rs 27.77 cr
• Paid-up equity share capital (of Face Value Rs.10/- each): Rs 26.86 cr vs Rs 24.43 cr
• Earnings per share – Basic: 21.76* vs 11.37*
• Earnings per share – Diluted: 21.76* vs 11.37*

In the standalone statement of financial results, Wheels India reported higher Gross Revenue from Operations of Rs 1,585.03 cr for the quarter ended 30.09.2026 compared with Rs 1,173.02 cr in the corresponding quarter ended 30.09.2025. Other income also increased to Rs 12.57 cr from Rs 5.93 cr, taking Total income to Rs 1,597.60 cr versus Rs 1,178.95 cr a year earlier.

On the cost side, Cost of materials consumed rose to Rs 1,148.31 cr from Rs 877.76 cr. Employee benefit expense increased to Rs 167.08 cr from Rs 138.53 cr, while Other Expenses moved up to Rs 199.77 cr from Rs 152.33 cr. Finance Costs were Rs 28.78 cr compared with Rs 27.51 cr, and Depreciation and amortisation expenses were Rs 31.60 cr versus Rs 25.38 cr. Changes in inventories of Finished goods and Work-in-progress stood at Rs (48.30) cr against Rs (79.78) cr in the year-ago quarter. Overall, Total expenses rose to Rs 1,527.24 cr from Rs 1,141.73 cr.

As a result, Profit/(Loss) before exceptional items and tax (Profit/(Loss) before tax) improved to Rs 70.36 cr from Rs 37.22 cr. After Current tax of Rs 17.63 cr and Deferred tax of Rs (0.68) cr, Net Profit / (Loss) for the period came in at Rs 53.41 cr, up from Rs 27.77 cr in the corresponding previous quarter. The Paid-up equity share capital increased to Rs 26.86 cr from Rs 24.43 cr, and Basic and Diluted earnings per share (of Rs. 10/- each, not annualised) were 21.76* compared with 11.37* a year earlier.