Board Meeting Details

The Board of Directors meeting was held on Wednesday, July 15, 2026, commencing at 11:00 AM and concluding at 12:05 PM. The meeting approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026.

Standalone Financial Results (Amounts in ₹ Lakhs)

Income Statement

  • Revenue from operations: ₹1,50,981.83 (Q1 FY27) vs ₹1,18,678.46 (Q1 FY26) - 27.3% YoY increase
  • Other income: ₹292.28 (Q1 FY27) vs ₹311.78 (Q1 FY26)
  • Total income: ₹1,51,274.11 (Q1 FY27) vs ₹1,18,990.24 (Q1 FY26)

Expenses Breakdown

  • Cost of materials consumed: ₹1,08,879.03 (Q1 FY27) vs ₹81,871.16 (Q1 FY26)
  • Change in inventories: (₹10,336.40) (Q1 FY27) vs (₹4,763.51) (Q1 FY26)
  • Employee benefit expenses: ₹12,057.60 (Q1 FY27) vs ₹10,242.26 (Q1 FY26)
  • Finance costs: ₹3,226.26 (Q1 FY27) vs ₹2,880.13 (Q1 FY26)
  • Depreciation and amortization: ₹3,656.81 (Q1 FY27) vs ₹3,043.44 (Q1 FY26)
  • Other expenses: ₹24,157.08 (Q1 FY27) vs ₹19,125.01 (Q1 FY26)
  • Total expenses: ₹1,41,640.38 (Q1 FY27) vs ₹1,12,398.49 (Q1 FY26)

Profitability Metrics

  • Profit before tax: ₹9,633.73 (Q1 FY27) vs ₹6,591.75 (Q1 FY26) - 46.2% YoY increase
  • Tax expense: ₹2,482.52 (Current tax: ₹2,591.84, Deferred tax: ₹(109.32))
  • Profit after tax: ₹7,151.21 (Q1 FY27) vs ₹4,993.52 (Q1 FY26) - 43.2% YoY increase
  • Other comprehensive income: ₹(66.60)
  • Total comprehensive income: ₹7,084.61

Capital Structure and Per Share Data

  • Paid-up equity share capital: ₹1,571.80 lakhs (Face value ₹1 per share)
  • Earnings per share (Basic): ₹4.55 (Q1 FY27) vs ₹3.18 (Q1 FY26)
  • Earnings per share (Diluted): ₹4.54 (Q1 FY27) vs ₹3.17 (Q1 FY26)

Consolidated Financial Results (Amounts in ₹ Lakhs)

Income Statement

  • Revenue from operations: ₹1,50,981.83 (Q1 FY27) vs ₹1,18,678.46 (Q1 FY26)
  • Other income: ₹292.28 (Q1 FY27) vs ₹311.78 (Q1 FY26)
  • Total income: ₹1,51,274.11 (Q1 FY27) vs ₹1,18,990.24 (Q1 FY26)

Expenses Breakdown

  • Cost of materials consumed: ₹1,08,879.03 (Q1 FY27) vs ₹81,871.16 (Q1 FY26)
  • Change in inventories: (₹10,336.40) (Q1 FY27) vs (₹4,763.51) (Q1 FY26)
  • Employee benefit expenses: ₹12,057.60 (Q1 FY27) vs ₹10,242.26 (Q1 FY26)
  • Finance costs: ₹3,226.27 (Q1 FY27) vs ₹2,880.17 (Q1 FY26)
  • Depreciation and amortization: ₹3,825.10 (Q1 FY27) vs ₹3,242.82 (Q1 FY26)
  • Other expenses: ₹24,086.15 (Q1 FY27) vs ₹19,175.34 (Q1 FY26)
  • Total expenses: ₹1,41,737.75 (Q1 FY27) vs ₹1,12,648.24 (Q1 FY26)

Profitability Metrics

  • Profit before tax and exceptional items: ₹9,328.31 (Q1 FY27) vs ₹6,110.63 (Q1 FY26)
  • Share of profit from associates: ₹19.94
  • Profit before tax: ₹9,348.25
  • Tax expense: ₹2,403.11 (Current tax: ₹2,591.84, Deferred tax: ₹(188.73))
  • Profit after tax: ₹6,945.14 (Q1 FY27) vs ₹4,724.21 (Q1 FY26) - 47.0% YoY increase
  • Other comprehensive income: ₹(66.60)
  • Total comprehensive income: ₹6,878.54

Capital Structure and Per Share Data

  • Paid-up equity share capital: ₹1,571.80 lakhs
  • Earnings per share (Basic): ₹4.42 (Q1 FY27) vs ₹3.01 (Q1 FY26)
  • Earnings per share (Diluted): ₹4.41 (Q1 FY27) vs ₹3.00 (Q1 FY26)

Entities Included in Consolidation

The consolidated results include:

  • Steel Strips Wheels Limited (Holding Company)
  • AMW Autocomponent Limited (Wholly owned Subsidiary)
  • Clean Max Astria Private Limited (Associate)

The associate company contributed share of net profit after tax of ₹19.94 lakhs and total comprehensive income of ₹19.94 lakhs for the quarter.

Regulatory Compliance and Accounting Standards

The financial results were:

  • Reviewed by the Audit Committee and approved by the Board of Directors on July 15, 2026
  • Subject to limited review by statutory auditors AKR & Associates
  • Prepared in accordance with Indian Accounting Standards (Ind AS)
  • Compliant with SEBI (LODR) Regulations, 2015 and SEBI Circular CIR/CFD/FAC/62/2016
  • The company operates as a single segment as per Ind AS 108

Auditor's Review

AKR & Associates conducted limited reviews of both standalone and consolidated financial results and concluded that nothing has come to their attention that causes them to believe the statements contain any material misstatement.