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.