Enkei Wheels (India) Limited disclosed its unaudited financial results for the quarter and nine months ended September 30, 2026, pursuant to Regulation 33 of SEBI Listing Regulations. The results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on November 4, 2026.

Financial Performance Highlights

Quarter Ended September 30, 2026 (Q3 FY26):

  • Revenue from Operations: ₹3,453.70 million
  • Total Revenue (I + II): ₹3,454.59 million
  • Total Expenses: ₹3,358.67 million
  • Profit Before Tax: ₹95.92 million
  • Tax Expense: ₹23.11 million (Current tax: ₹21.86 million, Deferred tax: ₹1.25 million)
  • Net Profit: ₹72.81 million
  • Basic and Diluted EPS: ₹4.05

Quarter Comparison:

  • Revenue increased from ₹2,651.09 million in Q3 FY25 to ₹3,453.70 million in Q3 FY26
  • Net profit decreased from ₹79.36 million in Q3 FY25 to ₹72.81 million in Q3 FY26

Nine Months Ended September 30, 2026:

  • Revenue from Operations: ₹9,634.62 million
  • Total Revenue: ₹9,639.53 million
  • Total Expenses: ₹9,410.27 million
  • Profit Before Exceptional Items and Tax: ₹229.26 million
  • Exceptional Items: ₹1.26 million (related to gratuity and leave encashment liability changes)
  • Profit Before Tax: ₹228.00 million
  • Tax Expense: ₹58.79 million
  • Net Profit: ₹169.21 million
  • Basic and Diluted EPS: ₹9.41

Year-over-Year Comparison (Nine Months):

  • Revenue increased from ₹7,262.51 million in 9M FY25 to ₹9,634.62 million in 9M FY26
  • Net profit significantly improved from ₹9.27 million in 9M FY25 to ₹169.21 million in 9M FY26

Key Financial Metrics

  • Paid-up equity share capital: ₹89.87 million (Face value of ₹5 each)
  • Other equity excluding Revaluation Reserves: ₹2,306.76 million (as of December 31, 2025)

Expense Breakdown (Quarter Ended September 30, 2026):

  • Cost of materials consumed: ₹0.05 million
  • Employee benefits expense: ₹140.80 million
  • Finance Costs: ₹78.15 million
  • Depreciation and amortization expense: ₹150.86 million
  • Consumption of stores & spares: ₹159.09 million
  • Other Expenses: ₹549.41 million
  • Changes in Inventories: (₹20.05) million

Additional Financial Information

  • The company recorded borrowing cost adjustment of INR 17.30 million for foreign currency borrowings for the quarter ended September 30, 2026
  • For the nine months period, borrowing cost adjustment amounted to INR 29.93 million
  • Other income and other expenses include foreign exchange gains and losses on a net basis

Meeting Details

  • Board meeting start time: 15:35 PM
  • Board meeting conclusion time: 17:38 PM

Notes to Financial Results

  • Exceptional items of ₹47.10 million were accounted for in previous periods related to changes in gratuity and leave encashment liabilities due to New Labour Code implementation
  • Previous year figures have been regrouped/reclassified to conform with current period presentation