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Wheels India Ltd Q2FY24; 69% fall in Profits

Wheels India is engaged in the Business of Manufacture of Road Wheels , Parts & Accessories for Machinery / Equipments used by construction and mining industries and Wind Turbine Parts.

Financial Results:

Wheels India Ltd reported Revenues for Q2FY24 of ₹1,283.78 Crores up from ₹1,184.50 Crore year on year, a rise of 8.38%.

Total Expenses for Q2FY24 of ₹1,287.76 Crores up from ₹1,172.09 Crores year on year, a rise of 9.87%.

Consolidated Net Profit of ₹3.18 Crores down 68.88% from ₹10.22 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.81, down 61.65% from ₹4.72 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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