Steel Strips Wheels Q2 Net Profit Jumps to Rs 118 Crore

The auto component maker records 61 percent operational revenue growth driven by strong volume momentum across core wheel segments.

By Dev Vadchhedia

23 Oct 2026

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Steel Strips Wheels Q2 Net Profit Jumps to Rs 118 Crore

Steel Strips Wheels reported a consolidated net profit of Rs 116.95 crore for Q2FY27, registering a massive 229 percent increase compared to Rs 35.52 crore in the corresponding period of the previous fiscal year.

Consolidated revenue from operations for the quarter grew 61 percent year-on-year to Rs 1,929.92 crore from Rs 1,200.57 crore recorded in Q2 FY26. Profit before tax for the three-month period reached Rs 156.34 crore, up from Rs 48.07 crore in the prior-year period.

For the first half of FY27, the company recorded consolidated revenue from operations of Rs 3,439.74 crore, representing a 44 percent expansion compared to Rs 2,387.35 crore in H1 FY26. Net profit for the six-month period expanded 125 percent to Rs 186.40 crore compared to Rs 82.76 crore in the corresponding period of the previous financial year.

In a separate senior management decision, the board approved the appointment of Pranav Jain, Vice-President of Finance and Accounts, as a Senior Management Personnel of the company.