Steel Strips Wheels513262Quarterly results
Board approves Q2 results, Rs. 1.50 interim dividend, greenfield plant and senior management appointment
Board approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026; the auditors' limited review reports state nothing came to their attention causing belief of material misstatement.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,92,992.15 | 1,20,056.93 | +60.8% | 1,50,981.83 | +27.8% |
| Total income | 1,93,069.62 | 1,20,149.09 | +60.7% | 1,51,066.06 | +27.8% |
| Profit before tax | 15,633.77 | 4,807.44 | +225% | 9,348.25 | +67.2% |
| Profit after tax | 11,694.67 | 3,551.51 | +229% | 6,945.14 | +68.4% |
| Total comprehensive income | 11,757.06 | 3,422.87 | +243% | 6,878.54 | +70.9% |
| Basic EPS | 7.44 | 2.26 | +229% | 4.42 | +68.3% |
- Total Income YoY Growth
- +60.7%
- Profit After Tax YoY Growth
- +229%
- Period
- 30th Sept. 2026
Also decided at the meeting
- Declared interim dividend of Rs. 1.50 per equity share of face value Rs. 1/- for FY 2026-27; record date 30th October, 2026; to be paid on or before 21st November, 2026.
- Appointed Sh. Pranav Jain, Vice-President (Finance & Accounts), as Senior Management Personnel with effect from 23rd October, 2026.
- Approved greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad) for alloy wheels, steel wheels and hot stamping line; estimated outlay Rs. 1400 Crores over 60 months.
- Approved renewal of lease agreement with wholly owned subsidiary AMW Autocomponent Limited for up to 5 years commencing 26.11.2026 on same terms.
Auditor's review
Conclusion: Unmodified
- Other matter: associate's interim results (Group share of net profit Rs. 15.03 lakh for the quarter) not reviewed by its auditor, furnished by Management; conclusion not modified.
Results approved
- The Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the auditors' limited review reports.
- The auditors' conclusion is that nothing came to their attention that causes them to believe the statements contain any material misstatement.
Standalone numbers for the quarter (Rs in lakhs)
- Revenue from operations: 1,92,992.15
- Profit after tax: 11,878.25
Consolidated numbers for the quarter (Rs in lakhs)
- Profit after tax: 11,694.67
Dividend
- The Board declared an interim dividend of Rs. 1.50 per equity share of face value of Rs. 1/- each for the financial year 2026-27.
- The record date for deciding eligible shareholders is 30 October 2026, and payment is to be made on or before 21 November 2026.
Greenfield manufacturing facility
- The Board approved a proposal to set up a greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, for Alloy wheels, Steel Wheels for Passenger Vehicles & OTR, and a Hot Stamping Line.
- The estimated total project outlay is expected to be Rs. 1400 Crores, spread over an estimated time period of 60 months.
- The proposal is subject to grant of requisite approvals and clearances.
Senior management appointment
- The Board approved the appointment of Sh. Pranav Jain as Senior Vice-President (Finance & Accounts), one of the senior management personnel of the Company, with effect from 23 October 2026, upon recommendation of the Nomination and Remuneration Committee.
Lease renewal
- The Board approved the renewal of the lease agreement between the Company and AMW Autocomponent Limited (AACL), a wholly owned subsidiary of the Company, on the same terms and conditions as previously approved.
- The renewal is for a period of upto 5 years commencing from 26.11.2026, extendable from time to time as may be required, for taking premises on leasehold basis from AACL.
What a reader may take away
- The update bundles the quarterly numbers with three forward-looking decisions: a dividend payout, a large new plant plan that will be executed over several years, and a continued lease arrangement with the subsidiary.
1,93,069.62 (Rs in Lakhs)Total income, latest quarter
Total income, quarter1,51,066.06 (Rs in Lakhs)
Profit before tax, latest quarter15,633.77 (Rs in Lakhs)
Total comprehensive income, latest quarter11,757.06 (Rs in Lakhs)
Profit after tax, latest quarter11,694.67 (Rs in Lakhs)
Total comprehensive income, year-ago quarter3,422.87 (Rs in Lakhs)
Also from Steel Strips Wheels
Steel Strips Wheels posts record Q2 FY27: revenue up 61% to Rs. 1,930 Crs., PAT up 208%; approves ~Rs. 1,400 Crs. greenfield plant
23 Oct 2026
Board approves lease renewal with wholly owned subsidiary for up to 5 years from 26.11.2026
23 Oct 2026
Board approves proposal for greenfield wheels plant in Maharashtra with hot stamping line
23 Oct 2026
More numbers
- Interim dividend per equity shareRs. 1.50
- Face value per equity shareRs. 1/-
- Estimated total project outlay, greenfield plantRs. 1400 Crores
- Estimated project period for greenfield plant60 months
- Profit after tax, standalone quarter (Rs in lakhs)11,878.25
- Lease renewal period with AACLupto 5 years
- Total income, latest quarter1,93,069.62 (Rs in Lakhs)
- Total income, year-ago quarter1,20,149.09 (Rs in Lakhs)
- Total income, previous quarter1,51,066.06 (Rs in Lakhs)
- Total comprehensive income, latest quarter11,757.06 (Rs in Lakhs)
- Total comprehensive income, year-ago quarter3,422.87 (Rs in Lakhs)
- Total comprehensive income, previous quarter6,878.54 (Rs in Lakhs)
- Profit after tax, latest quarter11,694.67 (Rs in Lakhs)
- Profit after tax, year-ago quarter3,551.51 (Rs in Lakhs)
- Profit after tax, previous quarter6,945.14 (Rs in Lakhs)
- Revenue from operations, latest quarter1,92,992.15 (Rs in Lakhs)
- Revenue from operations, year-ago quarter1,20,056.93 (Rs in Lakhs)
- Revenue from operations, previous quarter1,50,981.83 (Rs in Lakhs)
- Profit before tax, latest quarter15,633.77 (Rs in Lakhs)
- Profit before tax, year-ago quarter4,807.44 (Rs in Lakhs)
- Profit before tax, previous quarter9,348.25 (Rs in Lakhs)
Source: BSE · 23 Oct 2026
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