Wheels India Ltd : Q4FY17 Results
Amir Shaikh / 29 May 2017
The company's total sales for Q3FY17 came in at Rs 556 crore, which represents a 3.54 per cent sequential increase and 9.45 per cent YoY increase.
Wheels India Ltd reported its results for the quarter ended March 31, 2017 today.
The company's total sales for Q3FY17 came in at Rs 556 crore, which represents a 3.54 per cent sequential increase and 9.45 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 48.33 crore and its EBIT margin stood at 8.69 per cent.
The company reported PAT of Rs. 18.4 crore, which represents a sequential QoQ increase of 39.29 per cent and a YoY increase of 8.43 per cent.
The company's stock opened at Rs.1330 on the BSE and declined by 0.67 per cent after the results were declared. It was trading around the Rs 1289 intra-day.
Wheels India Ltd, promoted by the TVS Group, is an Indian automotive component manufacturing company. The company manufactures steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipments in India.
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