Wheels India share increased by 22% after Q4 results

Wheels India recently announced its Q4 results for FY2024 and with the positive outcome, its share price increased by 22%+ in two days.

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Wheels India’s net profit for Q4 increased by 64.30% reaching Rs. 36.80 cr. For FY2024, the net profit increase was 8.60% at Rs. 67.90 cr.

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Its revenue for Q4 increased to Rs. 1167 cr from Rs. 1172 in Q4 FY2023. For FY2024, the revenue stood at Rs. 4,619 cr, up by 6.3%.

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Along with that, the company also announced a dividend of Rs. 7.39 per equity share.

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With this, the stock closed at 19.89% at Rs. 705.60 on Tuesday. On Wednesday, the stock was trading 2.30% up at Rs. 722.

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Wheels India share increased by 22% after Q4 results

Wheels India recently announced its Q4 results for FY2024 and with the positive outcome, its share price increased by 22%+ in two days.

Q4 results

Wheels India’s net profit for Q4 increased by 64.30% reaching Rs. 36.80 cr. For FY2024, the net profit increase was 8.60% at Rs. 67.90 cr.

Net profit

Its revenue for Q4 increased to Rs. 1167 cr from Rs. 1172 in Q4 FY2023. For FY2024, the revenue stood at Rs. 4,619 cr, up by 6.3%.

Revenue from operations

Along with that, the company also announced a dividend of Rs. 7.39 per equity share.

Dividend

With this, the stock closed at 19.89% at Rs. 705.60 on Tuesday. On Wednesday, the stock was trading 2.30% up at Rs. 722.

Share price

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