Chennai, May 21 :Wheel manufacturer Wheels India Limited has registered a Net Profit of Rs.25.5 crores for the Q4 ended March 31 this year as compared to Rs.4.6 crores the previous year.
The company registered revenues of Rs. 853.3 crores for the Q4 as compared to Rs.544.7 crores registered in the corresponding quarter of the previous year.
The Board has recommended a dividend of Re.1.00 per share. For the full year ended March 31, 2021, the company registered a Net Profit of Rs.6.7 crores as compared to Rs.54.1 crores at the end of March 31 last year.
The company registered revenues of Rs.2215.5 crores for the year ended March 31, 2021 as compared to Rs.2438.7 crores last year.
In the third quarter of last year, Wheels India began its first shipment of cast aluminum wheels to the US market from its newly commissioned plant in Thervoy Kandigai near Chennai.
The plant has an annual capacity of 7.5 lakh wheels. The company exports around 25% of its sales and has a diversified global customer base with over 40 customers, according to a press release.(UNI)