Enkei Wheels (India) Limited disclosed its unaudited financial results for the quarter and half year ended June 30, 2026, following approval by the Board of Directors and review by the Audit Committee in meetings held on August 6, 2026.

Financial Performance Highlights

Quarter Ended June 30, 2026:

  • Revenue from Operations: ₹3,180.32 million
  • Other Income: ₹2.02 million
  • Total Revenue: ₹3,182.34 million
  • Total Expenses: ₹2,997.80 million
  • Profit/(Loss) before exceptional items and tax: ₹(5.21) million
  • Exceptional Items (Loss)/Income: ₹1.26 million
  • Profit/(Loss) before tax: ₹(6.47) million
  • Tax Expense: ₹0.00 million
  • Loss for the period: ₹(6.47) million
  • Other Comprehensive Loss: ₹(9.20) million
  • Total Comprehensive Loss: ₹(15.67) million
  • Basic and Diluted EPS: ₹(0.36)

Half Year Ended June 30, 2026:

  • Revenue from Operations: ₹6,180.92 million
  • Other Income: ₹4.01 million
  • Total Revenue: ₹6,184.93 million
  • Total Expenses: ₹6,051.59 million
  • Profit/(Loss) before exceptional items and tax: ₹133.34 million
  • Exceptional Items (Loss)/Income: ₹0.00 million
  • Profit/(Loss) before tax: ₹133.34 million
  • Tax Expense: ₹35.68 million (Current tax: ₹52.09 million, Deferred tax: ₹(16.41) million)
  • Profit for the period: ₹97.66 million
  • Other Comprehensive Income: ₹4.87 million
  • Total Comprehensive Income: ₹102.53 million
  • Basic and Diluted EPS: ₹5.36

Comparative Performance

Quarter Comparison (Q2 FY26 vs Q2 FY25):

  • Revenue increased from ₹2,369.53 million to ₹3,182.34 million (34.2% growth)
  • Loss improved from ₹(17.12) million to ₹(6.47) million

Half Year Comparison (H1 FY26 vs H1 FY25):

  • Revenue increased from ₹4,633.57 million to ₹6,184.93 million (33.5% growth)
  • Profit of ₹97.66 million compared to loss of ₹(70.09) million

Balance Sheet Position (as at June 30, 2026)

  • Total Assets: ₹6,676.61 million (vs ₹6,050.26 million as at December 31, 2025)
  • Non-current Assets: ₹3,390.87 million
  • Current Assets: ₹3,498.16 million
  • Equity: ₹2,497.90 million (Share Capital: ₹89.87 million, Other Equity: ₹2,408.03 million)
  • Non-current Liabilities: ₹1,590.73 million (Borrowings: ₹1,241.67 million)
  • Current Liabilities: ₹2,587.98 million (Borrowings: ₹1,830.18 million)

Cash Flow Statement (Half Year Ended June 30, 2026)

  • Net cash used in operating activities: ₹(538.59) million
  • Net cash used in investing activities: ₹(235.11) million
  • Net cash from financing activities: ₹878.39 million
  • Net increase in cash and cash equivalents: ₹104.69 million
  • Cash and cash equivalents at end of period: ₹110.23 million

Key Notes and Disclosures

1. The results were reviewed by the Audit Committee and approved by the Board of Directors on August 6, 2026.

2. Exceptional items for year ended December 31, 2025 included ₹45.84 million, and for quarter ended March 31, 2026 included ₹1.26 million, relating to estimated changes in Gratuity and Leave encashment liabilities due to changes in definition of Wages as per New Labour Code.

3. Statutory auditors (Kirtane & Pandit LLP) carried out a limited review and issued an unmodified review report.

4. The company operates in a single segment "Automotive Wheels" as identified by the Chief Operating Decision Maker.

5. The company is not identified as a Large Corporate per SEBI circular dated November 26, 2018.

6. Foreign exchange losses on foreign currency borrowings treated as borrowing costs amounted to ₹12.01 million for the period ended June 30, 2026 (₹44.91 million for same period 2025). Subsequent gains on settlement/translation of these borrowings amounted to ₹33.63 million for the period (₹8.68 million for same period 2025).

7. Other income and expenses include foreign exchange gains and losses on a net basis.