Q2 2026 Wheels India Ltd Earnings Call Transcript

Oct 31, 2025 / 10:15 AM GMT

Release Date Price: ₹902.15 (-3.94%)

Transcript

Key Points

Positve

Wheels India Ltd (BOM:590073) reported a 26.69% increase in net profit for Q2 FY26, reaching INR 28 crores compared to INR 22 crores in the same quarter last year.
The company achieved an 8.63% rise in revenues for Q2 FY26, amounting to INR 1,179 crores compared to INR 1,085 crores in the previous year.
Export revenues grew by 15.6% over the same quarter last year, with strong demand in the US market.
The company has entered a strategic alliance with SHPAC, a South Korean hydraulic cylinder manufacturer, to expand its business and provide a de-risking location for SHPAC's customers.
Wheels India Ltd (BOM:590073) is maintaining its planned CapEx of INR 250 crores for the year, focusing on growth in the industrial segment, particularly in the windmill sector.

Negative

The commercial vehicle segment has underperformed in the first half of the year, with muted demand affecting growth.
Despite the depreciation of INR against EUR and USD, the company has not seen a significant upside in margins due to phased pass-on to customers and import costs.
The company's debt level remains high at around INR 710 crores, with plans to maintain this level through internal accruals.
Employee costs and operating expenses have increased as a percentage of sales, impacting overall profitability.
The company faces challenges in scaling its cast aluminum wheels business, with current production not yet reaching the volume needed for double-digit margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

WHEL.NS - Wheels India Ltd
Q2 2026 Wheels India Ltd Earnings Call
Oct 31, 2025 / 10:15AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Wheels India Limited Q2 FY26 earnings conference call hosted by ICICI Securities Limited.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Shrivat Ramm, managing director.

Thank you and over to you, sir.

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Unidentified_2 [2]
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Good afternoon, ladies and gentlemen. I'm Stewartam

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