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Wheels India turns black in Q1

30 Jul 2021 Evaluate

Wheels India has reported results for first quarter ended June 30, 2021.

The company has reported net profit at Rs 10.13 crore for the quarter under review as compared to net loss of Rs 38.23 crore for the same quarter in the previous year. However, total income of the company reported 3- fold jump at Rs 675.01 crore for Q1FY22 as compared Rs 212.03 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net profit attributed to the owners at Rs 9.77 crore for the quarter under review as compared to net loss of Rs 43.71 crore for the same quarter in the previous year. Total income of the company reported 3- fold jump at Rs 734.06 crore for Q1FY22 as compared Rs 217.77 crore for the corresponding quarter previous year.