Revenue and Operating Performance
Over the seven-year period ending March 2025, Wheels India’s net sales exhibited a general upward trend, rising from ₹3,441 crores in 2019 to ₹4,744 crores in 2025. The company experienced a notable dip in sales during the fiscal year 2021, coinciding with broader economic disruptions, but rebounded strongly in subsequent years. Total operating income mirrored this pattern, with no other operating income reported, indicating reliance on core business activities.
Raw material costs consistently represented the largest expenditure, increasing from ₹2,494 crores in 2019 to ₹3,261 crores in 2025, reflecting both volume growth and input cost pressures. Employee costs also rose steadily, reaching over ₹507 crores in the latest fiscal year, w...
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