Wheels India has reported results for second quarter ended September 30, 2012.
The company has reported 21.68% fall in its net profit at Rs 8.60 crore for the quarter ended September 30, 2012 as compared to Rs 10.98 crore for the same quarter in the previous year. However, total income of the company has decreased marginally by 0.58% at Rs 496.51 crore for quarter under review as compared to Rs 499.30 crore for the quarter ended September 30, 2011.
Wheels India is promoted by the TVS Group and was started in the early sixties to manufacture automobile wheels. Today, Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India.
