Auto parts maker Wheels India Q2 net nearly triples to Rs 21 cr on growth

Revenue for Q2 went up 78% to Rs 911 crore from Rs 511 crore during the July-to-September period of 2020-21

Chennai-based auto components manufacturer Wheels India, has registered a 186 per cent rise in its net profit to Rs 21.2 crore for the second quarter of the financial year ended in September 2021, from Rs 7.4 crore a year ago.

Revenue for Q2 went up 78 per cent to Rs 911.2 crore from Rs 510.9 crore during the July-to-September period of 2020-21. “The quarterly sales growth on a year-on-year basis was across all industry segments. The growth in the export business was strong in the construction equipment, agricultural equipment and windmill industries. This trend, in terms of growth of exports, is