Question 1

What was Steel Strips Wheels' net profit in Q2 FY27?

Accepted Answer

Consolidated net profit was ₹117 crore, up 229.3% from ₹35.5 crore in Q2 FY26 and up 68.4% from ₹69.5 crore in Q1 FY27.

Question 2

What was Steel Strips Wheels' revenue in Q2 FY27?

Accepted Answer

Revenue from operations was ₹1,930 crore, up 60.8% year on year and up 27.8% from the previous quarter.

Question 3

How were Steel Strips Wheels' Q2 FY27 results?

Accepted Answer

Both grew from a year earlier: net profit was up 229.3% at ₹117 crore and revenue was up 60.8% at ₹1,930 crore. The operating margin was 9.9%, up 3.3 percentage points from 6.6% a year earlier. Against Q1 FY27, net profit was up 68.4% and revenue up 27.8%.

Question 4

What was Steel Strips Wheels' operating margin in Q2 FY27?

Accepted Answer

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹191 crore, a margin of 9.9%, against 8.3% in Q1 FY27 and 6.6% in Q2 FY26. EBITDA was ₹236 crore, 12.2% of revenue.

Question 5

What was Steel Strips Wheels' net profit in the first half of FY27?

Accepted Answer

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹186 crore, up 125.2% from ₹82.8 crore in the same months a year earlier. Revenue from operations was ₹3,440 crore, up 44.1%.

Question 6

What is Steel Strips Wheels' net profit margin?

Accepted Answer

Steel Strips Wheels' net profit margin was 6.1% in Q2 FY27 (net profit as a share of revenue from operations), against 3.0% in Q2 FY26 (up 3.1 percentage points). For FY26 as a whole it was 3.7%.

Question 7

What was Steel Strips Wheels' EPS in Q2 FY27?

Accepted Answer

Basic earnings per share were ₹7.44, against ₹2.26 in Q2 FY26.

Question 8

What was Steel Strips Wheels' revenue in FY26?

Accepted Answer

Revenue from operations was ₹5,183 crore in FY26 (April 2025–March 2026), up 17.0% from ₹4,429 crore in FY25. It was ₹4,357 crore in FY24 and ₹4,041 crore in FY23: up 28.3% over three years, 8.7% a year on average.

Question 9

When did Steel Strips Wheels announce its Q2 FY27 results?

Accepted Answer

On Friday, 23 October 2026 at 11:58 am IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 12 November 2025.

Question 10

How has Steel Strips Wheels' profit changed over the last four quarters?

Accepted Answer

Net profit by quarter: ₹46.6 crore in Q3 FY26, ₹60.8 crore in Q4 FY26, ₹69.5 crore in Q1 FY27 and ₹117 crore in Q2 FY27. That is ₹294 crore over the four quarters, up 53.7% from ₹191 crore in the four quarters before. Revenue from operations: ₹1,321 crore, ₹1,475 crore, ₹1,510 crore and ₹1,930 crore.

Question 11

What was Steel Strips Wheels' net profit in FY26?

Accepted Answer

Consolidated net profit was ₹190 crore in FY26 (April 2025–March 2026), down 2.6% from ₹195 crore in FY25. It was ₹675 crore in FY24 and ₹194 crore in FY23: down 1.8% over three years, an average fall of 0.6% a year.

Question 12

When will Steel Strips Wheels announce its Q3 FY27 results?

Accepted Answer

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Question 13

Did Steel Strips Wheels declare a dividend with its Q2 FY27 results?

Accepted Answer

Yes. The board declared an interim dividend of ₹1.5 per share on 23 October 2026. The record date is 30 October 2026.

Question 14

Where do these Steel Strips Wheels figures come from?

Accepted Answer

From Steel Strips Wheels' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 23 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Expenses
	1,930	1,510	1,475	1,321	1,201	1,187	1,234	1,075	1,095	1,025	1,069	1,110	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	0.8	0.8	1.2	0.2	0.9	0.8	1.0	0.4	0.5	1.3	4.8	1.7
	1,931	1,511	1,476	1,321	1,201	1,188	1,235	1,075	1,096	1,027	1,073	1,112
	1,314	1,089	977	902	765	819	807	717	705	649	676	741
	−21.2	−103	8.1	−34.0	8.9	−47.6	11.1	−33.2	−12.9	15.1	21.7	−25.5
	133	121	113	110	104	102	97.9	96.9	94.8	90.2	90.3	89.9
	35.2	32.3	31.0	31.5	32.0	28.8	29.5	26.2	30.4	31.1	28.0	25.1
	45.2	38.3	36.8	34.6	32.3	32.4	27.6	27.5	27.5	28.5	36.8	22.5
	269	241	226	215	211	192	184	176	189	158	170	188
	1,775	1,417	1,393	1,259	1,153	1,126	1,157	1,011	1,034	972	1,024	1,041
	236	163	150	127	111	122	134	118	119	113	110	117
	191	125	113	92.8	79.2	89.1	107	90.4	91.7	84.5	73.1	94.2
Profit
	156	93.3	83.3	61.6	48.1	61.1	78.1	64.5	61.8	54.7	49.9	70.8
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	473	0.0
	156	93.3	83.3	61.6	48.1	61.1	78.1	64.5	61.8	54.7	523	70.8
	38.6	25.9	19.8	15.3	16.5	13.5	22.7	15.3	14.5	13.5	35.9	5.6
	0.8	−1.9	2.6	−0.3	−3.9	0.3	−5.3	1.3	1.3	0.3	−28.5	5.6
	39.4	24.0	22.4	15.0	12.6	13.9	17.4	16.6	15.8	13.9	7.4	11.3
	0.2	0.2	−0.0	0.1	−0.1	0.0	−0.1	−0.2	0.1	0.0	−0.0	−0.1
	117	69.5	60.8	46.6	35.5	47.2	60.7	47.7	46.1	40.8	516	59.4
	117	69.3	60.9	46.5	35.6	47.2	60.8	47.9	46.0	40.8	516	59.5
	0.6	−0.7	1.4	0.8	−1.3	−0.2	−0.6	0.6	0.8	−1.6	2.8	−1.4
	118	68.8	62.3	47.4	34.2	47.1	60.0	48.3	46.9	39.2	518	58.0
	—	—	—	—	35.5	—	60.7	—	46.1	40.8	516	59.4
Per share
	₹7.44	₹4.42	₹3.87	₹2.97	₹2.26	₹3.01	₹3.87	₹3.04	₹2.94	₹2.60	₹32.85	₹3.79
	₹7.42	₹4.41	₹3.86	₹2.96	₹2.25	₹3.00	₹3.85	₹3.04	₹2.93	₹2.60	₹32.80	₹3.79
Other comprehensive income — detail
	0.6	−0.7	1.4	0.8	−1.3	−0.2	−0.6	—	—	—	—	—
	0.8	−0.9	1.9	1.0	−1.7	−0.2	−0.8	0.8	1.1	−2.1	3.9	−1.9
	0.2	−0.2	0.5	0.3	−0.4	−0.1	−0.2	—	—	—	—	—
	—	—	—	—	—	—	—	0.2	0.3	−0.5	1.1	−0.6
	—	—	—	—	—	—	60.7	—	46.1	—	—	—
Per share — as-filed variants
	₹7.44	₹4.42	₹3.87	₹2.97	₹2.26	₹3.01	₹3.87	₹3.04	₹2.94	₹2.60	₹32.85	₹3.79
	₹7.42	₹4.41	₹3.86	₹2.96	₹2.25	₹3.00	₹3.85	₹3.04	₹2.93	₹2.60	₹32.80	₹3.79
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	638	524	489	452	427	416	416	391	403	361	371	394
	33.0%	34.7%	33.2%	34.3%	35.5%	35.0%	33.7%	36.4%	36.8%	35.2%	34.7%	35.5%
Adjusted (ex-exceptional items) — derived
	156	93.3	83.3	61.6	48.1	61.1	78.1	64.5	61.8	54.7	49.9	70.8
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	473	0.0
	117	69.5	60.8	46.6	35.5	47.2	60.7	47.7	46.1	40.8	49.2	59.4
	₹7.44	₹4.42	₹3.87	₹2.97	₹2.26	₹3.01	₹3.87	₹3.04	₹2.94	₹2.60	₹3.13	₹3.79

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	1,110.3	1,068.7	1,025.3	1,095.1	1,074.7	1,233.9	1,186.8	1,200.6	1,320.8	1,474.6	1,509.8	1,929.9
Other Income	1.7	4.8	1.3	0.5	0.4	1.0	0.8	0.9	0.2	1.2	0.8	0.8
Total Income	1,112.0	1,073.5	1,026.6	1,095.6	1,075.0	1,234.9	1,187.6	1,201.5	1,321.0	1,475.8	1,510.7	1,930.7
Expenses
+ Cost of Materials Consumed	741.5	676.3	649.0	704.9	717.2	807.0	818.7	764.9	902.4	977.1	1,088.8	1,313.6
+ Changes in Inventories	-25.5	21.7	15.1	-12.9	-33.2	11.1	-47.6	8.9	-34.0	8.1	-103.4	-21.2
+ Employee Benefit Expense	89.9	90.3	90.2	94.8	96.9	97.9	102.4	104.1	109.9	113.4	120.6	133.1
+ Finance Costs	25.1	28.0	31.1	30.4	26.2	29.5	28.8	32.0	31.5	31.0	32.3	35.2
+ Depreciation & Amortisation	22.5	36.8	28.5	27.5	27.5	27.6	32.4	32.3	34.6	36.8	38.3	45.2
+ Other Expenses	187.7	170.5	158.0	188.9	175.9	183.8	191.8	211.1	215.1	226.3	240.9	268.6
Total Expenses	1,041.2	1,023.6	971.9	1,033.8	1,010.5	1,156.8	1,126.5	1,153.3	1,259.5	1,392.5	1,417.4	1,774.5
EBITDA	116.7	109.9	113.0	119.3	117.9	134.2	121.5	111.5	127.4	149.8	163.0	235.8
EBIT	94.2	73.1	84.5	91.7	90.4	106.6	89.1	79.2	92.8	113.1	124.7	190.6
Profit
PBT before Exceptional Items	70.8	49.9	54.7	61.8	64.5	78.1	61.1	48.1	61.6	83.3	93.3	156.2
+ Exceptional Items	0.0	473.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Pretax Income	70.8	523.0	54.7	61.8	64.5	78.1	61.1	48.1	61.6	83.3	93.3	156.2
+ Current Tax	5.6	35.9	13.5	14.5	15.3	22.7	13.5	16.5	15.3	19.8	25.9	38.6
+ Deferred Tax	5.6	-28.5	0.3	1.3	1.3	-5.3	0.3	-3.9	-0.3	2.6	-1.9	0.8
Tax Expense	11.3	7.4	13.9	15.8	16.6	17.4	13.9	12.6	15.0	22.4	24.0	39.4
+ Share of Associates & JVs	-0.1	-0.0	0.0	0.1	-0.2	-0.1	0.0	-0.1	0.1	-0.0	0.2	0.2
Net Income	59.4	515.6	40.8	46.1	47.7	60.7	47.2	35.5	46.6	60.8	69.5	116.9
+ Net Income — Continuing Ops	59.5	515.6	40.8	46.0	47.9	60.8	47.2	35.6	46.5	60.9	69.3	116.8
+ Other Comprehensive Income	-1.4	2.8	-1.6	0.8	0.6	-0.6	-0.2	-1.3	0.8	1.4	-0.7	0.6
Total Comprehensive Income	58.0	518.3	39.2	46.9	48.3	60.0	47.1	34.2	47.4	62.3	68.8	117.6
Net Income to Common	59.4	515.6	40.8	46.1	—	60.7	—	35.5	—	—	—	—
Per Share
Basic EPS	3.79	32.85	2.60	2.94	3.04	3.87	3.01	2.26	2.97	3.87	4.42	7.44
Diluted EPS	3.79	32.80	2.60	2.93	3.04	3.85	3.00	2.25	2.96	3.86	4.41	7.42
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-0.6	-0.2	-1.3	0.8	1.4	-0.7	0.6
+ Items NOT to be Reclassified to P&L	-1.9	3.9	-2.1	1.1	0.8	-0.8	-0.2	-1.7	1.0	1.9	-0.9	0.8
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.2	-0.1	-0.4	0.3	0.5	-0.2	0.2
+ Tax on Items NOT to be Reclassified — alt tag	-0.6	1.1	-0.5	0.3	0.2	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	—	—	—	46.1	—	60.7	—	—	—	—	—	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	3.79	32.85	2.60	2.94	3.04	3.87	3.01	2.26	2.97	3.87	4.42	7.44
Diluted EPS — Continuing Operations	3.79	32.80	2.60	2.93	3.04	3.85	3.00	2.25	2.96	3.86	4.41	7.42
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	394.3	370.7	361.2	403.0	390.7	415.9	415.7	426.7	452.4	489.5	524.4	637.5
Gross Margin %	35.51	34.69	35.23	36.80	36.35	33.70	35.03	35.54	34.25	33.19	34.73	33.03
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	70.8	49.9	54.7	61.8	64.5	78.1	61.1	48.1	61.6	83.3	93.3	156.2
− Exceptional Items (reconciliation)	0.0	473.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net Income Adj (tax-effected)	59.4	49.2	40.8	46.1	47.7	60.7	47.2	35.5	46.6	60.8	69.5	116.9
EPS Adj	3.79	3.13	2.60	2.94	3.04	3.87	3.01	2.26	2.97	3.87	4.42	7.44
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Paid Up Equity Capital	15.7	15.7	15.7	15.7	15.7	15.7	15.7	15.7	15.7	15.7	15.7	15.7

Steel Strips Wheels quarterly results

Every quarter

Steel Strips Wheels Limited

Steel Strips Wheels Q2 FY27 results (July–September 2026)

Q2 FY27 at a glance · consolidated

Questions