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Wheels India reports 1.42% fall in Q3 net profit

05 Feb 2013 Evaluate

Wheels India has reported results for third quarter ended December 31, 2012.

The company has reported 1.42% fall in its net profit at Rs 9.00 crore for the quarter as compared to Rs 9.13 crore for the same quarter in the previous year. Total income of the company has decreased by 17.31% at Rs 440.95 crore for quarter under review as compared to Rs 533.29 crore for the quarter ended December 31, 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.

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