Home / Companies / Results / Wheels India reports net profit of Rs 7.43 cr in September quarter

Wheels India reports net profit of Rs 7.43 cr in September quarter

The company reported a revenue of Rs 510.84 crore in Q2FY21 compared to the Rs 595.63 crore reported in the same period last year

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The company exports around 20% of its production and has a diversified customer base with over 40 customers globally.

2 min read Last Updated : Oct 30 2020 | 5:55 PM IST

Wheels India Ltd reported a net profit of Rs 7.43 crore for the second quarter ended September 30, 2020. The company had reported a net profit of Rs 28.67 crore in corresponding period of the last year. The company said that these numbers were not comparable as the net profit in Q2FY20 included a one-time write back of deferred tax liability of Rs.19.80 crore.

The company reported a revenue of Rs 510.84 crore in Q2FY21 compared to the Rs 595.63 crore reported in the same period last year.

Earlier this week, the company began production at a newly commissioned cast aluminum wheel

Topics : Wheels India Q2 results Wheels commercial vehicles passenger car

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