Latest news with #WheelsIndia
Business Standard
21-05-2025
- Business
- Business Standard
Wheels India consolidated net profit declines 0.70% in the March 2025 quarter
Sales rise 0.45% to Rs 1277.19 crore Net profit of Wheels India declined 0.70% to Rs 38.24 crore in the quarter ended March 2025 as against Rs 38.51 crore during the previous quarter ended March 2024. Sales rose 0.45% to Rs 1277.19 crore in the quarter ended March 2025 as against Rs 1271.48 crore during the previous quarter ended March 2024. For the full year,net profit rose 76.68% to Rs 110.90 crore in the year ended March 2025 as against Rs 62.77 crore during the previous year ended March 2024. Sales declined 4.68% to Rs 4744.40 crore in the year ended March 2025 as against Rs 4977.30 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 1277.191271.48 0 4744.404977.30 -5 OPM % 8.097.66 - 7.435.34 - PBDT 75.5172.14 5 242.12159.76 52 PBT 51.5650.29 3 148.9074.85 99 NP 38.2438.51 -1 110.9062.77 77
Time of India
20-05-2025
- Business
- Time of India
Wheels India earmarks Rs 250 crore as capital expenditure for current fiscal
Wheels India has drawn up a capital expenditure plan of Rs 250 crore for the current financial year, with the majority of it set aside for manufacturing windmill components. The city-headquartered company expects its overseas business to be strong during the current financial year, Wheels India Ltd MD Srivats Ram said on Tuesday. Wheels India reported a net profit of Rs 105.9 crore for the financial year ending March 31, 2025, as compared to Rs 67.9 crore registered in the previous fiscal. Revenues for the year ending March 31, 2025, stood at Rs 4,425 crore, down from Rs 4,619 crore recorded in the year-ago period. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Indonesia (Prices May Surprise You) Container House | Search Ads Search Now Undo Commenting on the occasion, Ram said, "We believe exports will be strong this year. We have built the groundwork based on which customers will roll out programmes. Testing and development of products are being done. We are adding to the range of products. Our effort on exports over the last five years is starting to bear fruit now." "We have decent visibility on exports and are positive about the prospects. We expect growth to show up over the next three years," he told reporters. Live Events To a query, he said, "We will be investing Rs 250 crore in capital expenditure this year, including Rs 100 crore in the windmill capacity expansion. We will also be investing in aluminium wheels, balancing equipment, and the hydraulic cylinder businesses." On export growth, he said the company is setting the groundwork for expansion in international markets over the next three years. "The lead time in winning and developing a wider range of products for this business is more than a year, but the base is being built," he noted. Wheels India is a manufacturer of wheels for trucks, tractors, passenger vehicles, and many other applications. It also makes industrial components for the construction and windmill industries, with manufacturing plants in Tamil Nadu, Maharashtra, Uttar Pradesh, and Uttarakhand.
Mint
20-05-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 20 May 2025
Breakout stocks buy or sell: Continuing their decline for a second straight session, India's key stock indices—the Sensex and Nifty 50—closed lower on Monday, May 19, amid negative global signals. The Sensex dropped 271 points, or 0.33%, to end at 82,059.42, while the Nifty 50 slipped 75 points, or 0.30%, to finish at 24,944.45. The mid- and small-cap sectors maintained their strong performance, with the BSE Midcap index increasing by 0.27% and the Smallcap index advancing by 0.75%. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is positive until the Nifty 50 index is above 24,800. Speaking on the outlook of Indian stock market, Bagadia said, ' The 50-stock index is facing hurdle at 25,400 while the key benchmark index has crucial support placed at 24,500. One can assume bullish or bearish trend on the breakage of either side of the range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Breakout stocks can be a good option." Sumeet Bagadia recommends five shares to buy today — BASF India, Wheels India, Aarti Drugs, Inox Wind, and KPI Green Energy. 1] BASF India: Buy at ₹ 4902.90, target ₹ 5450, stop loss ₹ 4665; 2] Wheels India: Buy at ₹ 772.65, target ₹ 850, stop loss ₹ 735; 3] Aarti Drugs: Buy at ₹ 480.60, target ₹ 530, stop loss ₹ 455; 4] Inox Wind: Buy at ₹ 185.61, target ₹ 205, stop loss ₹ 176; 5] KPI Green Energy: Buy at ₹ 485.70, target ₹ 540, stop loss ₹ 460. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
