Wheels India earnings calls.

Wheels India delivered a strong Q4 FY26 with 23% YoY revenue growth driven by GST 2.0 tailwinds benefiting domestic car, truck, and tractor segments. Full-year revenue crossed Rs 5,000 crore for the first time at Rs 5,124 crore (16Current reported value: 16. No comparable prior figure is available in the source record.% YoY), with PAT improving ~30Current reported value: 30. No comparable prior figure is available in the source record.-31% YoY. Consolidated PAT exceeded Rs 50 crore for the first time at Rs 58.81 crore in Q4.Current reported value: Consolidated PAT exceeded Rs 50 crore for the first time at Rs 58.81 crore in Q4.. No comparable prior figure is available in the source record. The industrial components division saw 91% EBIT improvement as previously lossmaking hydraulic cylinder and fabrication divisions turned profitable in Q4. Management targets double-digit EBITDA margins within two yearsCurrent reported value: double-digit EBITDA margins within two years. No comparable prior figure is available in the source record. driven by operating leverage and margin recovery in turnaround businesses. FY27 capex guidance stands at Rs 280-300 crore focused on windmill machining capacity and aluminum wheel expansion. Geopolitical risks from West Asia crisis remain a concern with one-month visibility, while export contribution stable at ~26% of sales. Return on equity reached ~15.5% in FY26. Working capital improvements (inventory days reduced from 76 to 63; debtor days from 61 to 54) support free cash flow generation despite capex intensity.