Wheels India turns profit of ₹10.13-crore
The Hindu
Wheels India Ltd. reported a net profit of ₹10.13 crore for the quarter ended June, driven by strong export demand in almost all its business segments.The firm had incurred a loss of ₹38.23 crore in t
Wheels India Ltd. reported a net profit of ₹10.13 crore for the quarter ended June, driven by strong export demand in almost all its business segments. The firm had incurred a loss of ₹38.23 crore in the year-earlier period. Total revenue more than doubled to to ₹675 crore. “The lockdown following the second wave of the pandemic resulted in severe demand and supply restrictions in May followed by recovery in June,” said Srivats Ram, MD.
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