Wheels India Ltd — Q2FY27 earnings call summary

Filed 04 November 2026 · Official transcript

Target 10-12% EBITDA margin in alloy wheels by Q1 FY28 at 100k monthly volume
Multiple analyst queries on margin trajectory, capex, and export growth; management confident on 2-year double-digit margin target
Capex guidance INR400-450 Cr for FY27 across steel wheels, cast aluminium, windmill sectors
Aluminium wheel business breakeven on EBITDA achieved; PBT breakeven expected by Dec 2026
Q2 FY27 standalone revenue grew 36% to INR1,598 Cr; PAT rose 92% to INR53.4 Cr
Export revenue strong, especially US earthmover wheels and windmill products; full year exports expected to double
Air suspension volumes grew 50% YoY; capacity expansions ongoing
Consolidated Q2 revenue up 36%, PAT up 90%, EBITDA margin ~8.36%