Wheels India Q4 net profit up 8.4% to Rs 18.40 cr

29/05/2017 15:06

Auto component manufacturer Wheels India Ltd on Monday reported a rise of 8.4 per cent in its net profit after taxes (PAT) at Rs 18.40 crore for the fourth quarter ended March 31, 2017.

“The net profit after taxes (PAT) of the company stood at Rs 16.97 crore during the same period a year ago,” said Wheels India Ltd in a filing to the Bombay Stock Exchange on May 29, 2017.

Further, the total income of the company too grew by 9.7 per cent to Rs 557.49 crore during Q4 2016-17, as compared to Rs 508.04 crore during the same period last year.

The company’s board has recommended a final dividend for the year ended March 31, 2017 at Rs 8 (80 per cent) per equity share. The final dividend is subject to the shareholders approval at the ensuing AGM.

Despite earnings, shares of the company were trading at Rs 1,290 apiece, down 0.62 per cent from previous close on BSE at 15:11 hours.

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