{"id":54648,"date":"2024-05-20T13:03:07","date_gmt":"2024-05-20T13:03:07","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/20\/wheels-india-q4-pat-up-64-at-rs-37-crore-times-of-india\/"},"modified":"2024-05-20T13:03:07","modified_gmt":"2024-05-20T13:03:07","slug":"wheels-india-q4-pat-up-64-at-rs-37-crore-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/20\/wheels-india-q4-pat-up-64-at-rs-37-crore-times-of-india\/","title":{"rendered":"Wheels India Q4 PAT up 64% at Rs 37 crore &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-110274303,imgsize-172584.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Wheels India Q4 PAT up 64% at Rs 37 crore &#8211; Times of India\" title=\"Wheels India Q4 PAT up 64% at Rs 37 crore &#8211; Times of India\" \/><\/div>\n<div>CHENNAI: Driven by better product mix, low aluminium prices and improved exports, <!-- -->Wheels India<!-- --> has registered just over 64% rise in <!-- -->net profit<!-- --> for Q4FY24 at nearly Rs 37 crore compared to Rs 22.4 crore in the year ago period. Revenues at Rs 1167 crore for Q4 were however, a little lower than the Rs 1,172 crore in Q4FY23. <br \/>For the full year FY 2023-24, net profit was up 8.6% at nearly Rs 68 crore compared to Rs 62.5 crore in FY23.Revenue for the full year increased 6.3% to Rs 4619 crore compared to Rs 4345 crore in FY23. The company has announced a total final <!-- -->dividend<!-- --> of Rs 7.39 per share.<br \/>Srivats Ram, MD, Wheels India, said that the company has lined up <!-- -->capex<!-- --> of over Rs 200 crore for FY25. And while \u201cexports did well in FY24 registering a 24.5% growth, European markets are still sluggish but the US market rebound has helped,\u201d he said. For FY25, exports will remain \u201cflatish as the new programmes for global customers will start only in Q4\u201d.<br \/>For FY24, the sectors that did well for the company were earthmover wheels, aluminium wheels and hydraulic cylinders which \u201cwere the prime drivers of growth on the export front while the company\u2019s air suspension business did well along with growth in the bus market,\u201d he added.<br \/>On the newer segments for Wheels India, he said that the company has been \u201cable to profitably ramp up machining of windmill castings and will continue to grow this.&#8221; Another area with a lot of promise for growth, both in the domestic and export markets, is hydraulic cylinders, he added.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n          var s = document.createElement('script');\n          s.src=\"https:\/\/survey.survicate.com\/workspaces\/0be6ae9845d14a7c8ff08a7a00bd9b21\/web_surveys.js\";\n          s.async = true;\n          var e = document.getElementsByTagName('script')[0];\n          e.parentNode.insertBefore(s, e);\n        })(window);\n      }\n    }\n    window.TimesApps = window.TimesApps || {};\n    var TimesApps = window.TimesApps;\n    TimesApps.toiPlusEvents = function(config) {\n      var isConfigAvailable = \"toiplus_site_settings\" in f && \"isFBCampaignActive\" in f.toiplus_site_settings && \"isGoogleCampaignActive\" in f.toiplus_site_settings;\n      var isPrimeUser = window.isPrime;\n      if (isConfigAvailable && !isPrimeUser) {\n        loadGtagEvents(f.toiplus_site_settings.isGoogleCampaignActive);\n        loadFBEvents(f.toiplus_site_settings.isFBCampaignActive);\n        loadSurvicateJs(f.toiplus_site_settings.allowedSurvicateSections);\n      } else {\n        var JarvisUrl=\"https:\/\/vsp1jarvispvt.indiatimes.com\/v1\/feeds\/toi_plus\/site_settings\/643526e21443833f0c454615?db_env=published\";\n        window.getFromClient(JarvisUrl, function(config){\n          if (config) {\n            loadGtagEvents(config?.isGoogleCampaignActive);\n            loadFBEvents(config?.isFBCampaignActive);\n            loadSurvicateJs(config?.allowedSurvicateSections);\n          }\n        })\n      }\n    };\n  })(\n    window,\n    document,\n    'script',\n  );<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/wheels-india-q4-pat-up-64-at-rs-37-crore\/articleshow\/110274097.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENNAI: Driven by better product mix, low aluminium prices and improved exports, Wheels India has registered just over 64% rise in net profit for Q4FY24 at nearly Rs 37 crore compared to Rs 22.4 crore in the year ago period. Revenues at Rs 1167 crore for Q4 were however, a little lower than the Rs [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":54649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-110274303,imgsize-172584.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[289,49507,1955,6977,273,34620,8011,272,20650,54039],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/54648"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=54648"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/54648\/revisions"}],"predecessor-version":[{"id":54650,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/54648\/revisions\/54650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/54649"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=54648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=54648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=54648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}