Steel Strips Wheels Q2 PAT Rises 208% YoY

Standalone Financials (Quarter Ended September 30, 2026):

Revenue from Operations: ₹1,92,992.15 Lakhs (Q2 FY26: ₹1,20,056.93 Lakhs)
Profit Before Tax (PBT): ₹15,887.14 Lakhs (Q2 FY26: ₹5,256.66 Lakhs)
Profit After Tax (PAT): ₹11,878.25 Lakhs (Q2 FY26: ₹3,852.62 Lakhs)
Earnings Per Share (EPS) - Basic: ₹7.55 (Q2 FY26: ₹2.45)
Earnings Per Share (EPS) - Diluted: ₹7.54 (Q2 FY26: ₹2.44)

Standalone Financials (Half-Year Ended September 30, 2026):

Revenue from Operations: ₹3,43,973.98 Lakhs (H1 FY26: ₹2,38,735.39 Lakhs)
Profit Before Tax (PBT): ₹25,520.87 Lakhs (H1 FY26: ₹11,848.41 Lakhs)
Profit After Tax (PAT): ₹19,029.46 Lakhs (H1 FY26: ₹8,846.14 Lakhs)
Earnings Per Share (EPS) - Basic: ₹12.10 (H1 FY26: ₹5.63)
Earnings Per Share (EPS) - Diluted: ₹12.08 (H1 FY26: ₹5.62)

Consolidated Financials (Quarter Ended September 30, 2026):

Consolidated Financials (Half-Year Ended September 30, 2026):

Key Balance Sheet Items (Standalone as of Sept 30, 2026):

The Board declared an Interim Dividend of ₹1.50 per equity share (Face Value: ₹1) for FY 2026-27.
The dividend will be paid on or before November 21, 2026.
The Record Date for determining shareholder eligibility is fixed as Friday, October 30, 2026.
The dividend is declared on the entire paid-up equity share capital of 157,265,105 shares.

The Board approved the appointment of Sh. Pranav Jain as Vice-President (Finance & Accounts) and as a Senior Management Personnel (SMP) effective October 23, 2026.
The appointment was based on the recommendation of the Nomination and Remuneration Committee.
Brief Profile: Sh. Pranav Jain is a qualified Chartered Accountant and commerce graduate. He has been with the company for almost 14 years and currently looks after Finance, Accounts, and Commercial functions across Corporate and Plant operations.

The Board approved a proposal to set up a state-of-the-art greenfield manufacturing facility at Chhatrapati Sambhajinagar (Aurangabad), Maharashtra.
Products: Alloy wheels, Steel Wheels for Passenger Vehicles & OTR (Off-The-Road), and a Hot Stamping Line.
Project Outlay: The estimated total project cost is ₹1,400 Crores.
Implementation Period: The project is spread over an estimated period of 60 months.
Financing: Through a combination of debt and internal accruals.
Approval: The project is subject to the grant of requisite approvals and clearances.

Capacity Addition Details:

Alloy Wheels: Initial estimated capacity of 2.5 Million units per annum. Initial estimated capex: ₹815 Crores.
Steel Wheel for PV & OTR: Initial estimated capacity of 1.6 Million units per annum. Initial estimated capex: ₹410 Crores.
Hot Stamping: Initial estimated capacity of 1.3 million strokes per annum. Initial estimated capex: ₹175 Crores.
Rationale: Business growth and to meet rising customer demands.

The Board approved the renewal of a Lease Agreement between the company and its wholly-owned subsidiary, AMW Autocomponent Limited (AACL).
Term: Up to 5 years, commencing from November 26, 2026, extendable from time to time.
Purpose: For taking premises on a leasehold basis from AACL.
Terms: The lease is renewed on the same terms and conditions as previously approved.
Property Details: Administrative Building, Bhuj-Bhachau Road, Near Village Kannaiyabe, Kachchh, Bhuj, Gujarat, India, 370020. Measuring 288,793.19 sq. mt.
Lease Rent: Monthly rent of ₹45,00,000 (Rupees Forty Five Lakhs only).
The transaction is classified as a Related Party Transaction but is conducted on an "arm's length" basis.

The meeting commenced at 11:00 a.m. and concluded at 11:45 a.m. on October 23, 2026.
The financial results were reviewed by the Audit Committee and approved by the Board.
The statutory auditors, AKR & Associates, have carried out a limited review of the standalone and consolidated accounts for the quarter and half-year ended September 30, 2026.