Wheels India Ltd reports FY24 net profit of Rs 67.9 crore, up from Rs 62.5 crore in FY23, with 24.5% export growth.

Wheels India Ltd, an automobile wheel maker, announced a net profit of Rs 67.9 crore in FY24, up from Rs 62.5 crore in FY23. Exports contributed to a 24.5% growth, driven by earthmover wheels, aluminium wheels, and hydraulic cylinders. The company's Board recommended a dividend of Rs 7.39 per share. Wheels India's air suspension business and bus market also saw growth during this period.