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Wheels India reports a 56% jump in net profit, plans major investments despite revenue dip.
Wheels India reported a 56% increase in net profit to ₹105.6 crore for FY25 despite a 5% revenue decline to ₹4,425 crore.
The company's profitability improved due to cost control and a better product mix.
Wheels India plans to invest ₹250 crore in expanding its windmill component manufacturing and other areas, expecting strong growth in domestic and overseas markets.
The company also launched an electric three-wheeler priced at ₹2.95 lakh.
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Wheels India informa un salto del 56% en ganancias netas, planea grandes inversiones a pesar de la caída de ingresos.