Wheels India Q2 profit nearly doubles to Rs 53.4 crore

Wheels India reported a 92% year-on-year jump in net profit to Rs 53.4 crore for the September quarter, as revenue grew 36% to Rs 1,598 crore. Exports rose 30% to Rs 388 crore, led by the US, where sales grew an estimated 50%. The company plans capital expenditure of Rs 400-450 crore in FY27, well above its usual annual spending of about Rs 250 crore.