Wheels India FY26 PAT up 40%, declares ₹9.14 dividend per share
Wheels India FY26 PAT up 40%, declares ₹9.14 dividend per share
Wheels India posts a strong FY26 with PAT up 40% and a final dividend of ₹9.14 per share as domestic demand and capex plans drive growth.
Wheels India Ltd. reported its full-year FY26 Consolidated Profit After Tax (PAT) at ₹155 crore, up 40% from ₹111 crore in the previous year. Revenue for FY26 rose 15% year-on-year to ₹5,465 crore. In the fourth quarter ended March 31, 2026, the company posted a PAT of ₹58 crore, up 53% from ₹38 crore in the year-ago quarter, with quarterly revenues climbing 22% to ₹1,564 crore. The board declared a final dividend of ₹9.14 per share, which, when combined with the interim dividend of ₹5.30 per share declared earlier, brings the total dividend for the year to ₹14.44 per share. Srivats Ram, CMD, attributed the strong finish to record quarterly sales powered by healthy domestic demand across car, truck and tractor segments, supported by robust demand in the air suspension division. Exports also contributed, with earthmover wheels showing solid demand. On the outlook, Ram noted that inflation in commodities and fuel could temper demand growth in FY27 within domestic segments, but the company will continue to invest in capex to sustain growth. A planned capex of ₹280 crore for the year will focus on debottlenecking existing lines, with investments planned in aluminum wheels, hydraulic cylinders and wind-mill machining segments. Positive demand sentiment following GST 2.0, relatively stable commodity prices and lower interest rates were cited as factors supporting the year’s performance, while exports remained resilient despite tariff uncertainties. The management emphasized a continued focus on growth and capability expansion to support future demand.
