Enkei Wheels (India) Limited released its unaudited financial results for the quarter and year ended March 31, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 12, 2026. The company reported a mixed performance, with revenue growth on a year-on-year basis offset by elevated expenses, though both EBITDA and net loss showed meaningful improvement over the prior year period.

Revenue Performance: Strong YoY Growth in Q4 FY26

Revenue from operations for Q4 FY26 stood at ₹2,990.60 million, a significant increase compared to ₹2,279.81 million recorded in Q4 FY25. Other income for the quarter was ₹1.99 million, bringing total revenue to ₹2,992.59 million, up from ₹2,281.16 million in the corresponding quarter of the previous year. On a sequential basis, total revenue rose from ₹2,504.06 million in Q3 FY26. For the full year ended March 31, 2026, revenue from operations was ₹9,716.29 million, with other income of ₹25.35 million, taking total revenue to ₹9,741.64 million.

The following table summarises the key revenue and profitability metrics:

EBITDA Improvement Signals Operational Progress

On an operational profitability basis, Enkei Wheels reported EBITDA of ₹188 million for Q4 FY26, a notable improvement from ₹112 million in Q4 FY25. The EBITDA margin expanded to 6.30% from 4.90% in the year-ago quarter, reflecting improved operating leverage despite the elevated cost environment. This improvement underscores that while the bottom line remained in loss territory due to finance costs, depreciation, and exceptional items, the underlying business operations showed a positive trajectory on a year-on-year basis.

Expense Breakdown: Cost Pressures Weigh on Q4 FY26

Total expenses for Q4 FY26 rose to ₹2,997.80 million from ₹2,353.25 million in Q4 FY25, outpacing revenue growth and resulting in a loss before exceptional items and tax of ₹(5.21) million. Key expense components for Q4 FY26 are detailed below:

Exceptional Items: Labour Code Impact

The company recognised an exceptional item of ₹1.26 million in Q4 FY26, representing an incremental impact of the new Labour Codes notified by the Government of India on November 21, 2025. The four Labour Codes—the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020—consolidate 29 existing labour laws. The total impact on employee benefits is ₹47.10 million, primarily arising from a change in wage definition. Of this, ₹45.84 million was accounted for during the finalisation of results for the year ended December 31, 2025, with the remaining ₹1.26 million recognised in Q4 FY26.

Bottom Line and Earnings Per Share

After accounting for tax expense of ₹(0.40) million in Q4 FY26, the company reported a net loss of ₹6.07 million for the quarter, a marked improvement from a net loss of ₹52.97 million in Q4 FY25. Total comprehensive income for Q4 FY26 stood at ₹8.00 million, aided by other comprehensive income of ₹14.07 million, primarily from remeasurement gains on defined benefit obligations. For the full year, net profit was ₹51.34 million and total comprehensive income was ₹42.30 million.

Earnings per share (face value of ₹5/- each, not annualised for quarterly figures) are summarised below:

Paid-up equity share capital remained unchanged at ₹89.87 million across all reported periods, with other equity excluding revaluation reserves at ₹2,306.76 million for the full year. The company has identified "Automotive Wheels" as a single operating segment, as evaluated by the Chief Operating Decision Maker in accordance with Ind AS 108.

Enkei Wheels (India) Limited has notified BSE Limited of a forthcoming Board of Directors meeting, scheduled to be held on Tuesday, May 12, 2026, at the company's registered office located at Gat No. 1425, Village Shikrapur, Tal. Shirur, Pune, Maharashtra. The intimation, dated May 4, 2026, was filed in compliance with Regulation 29(1)(a) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The meeting has been convened to transact key financial business, with the primary agenda focused on reviewing and approving the company's unaudited financial results. The following table summarises the key details of the scheduled board meeting:

Agenda for the Meeting

The sole business item on the agenda is the consideration and approval of the unaudited financial results of Enkei Wheels (India) Limited for the quarter ended March 31, 2026. This filing represents a standard regulatory disclosure requirement for listed companies ahead of the publication of their quarterly financial performance.

The intimation was signed by Sourav Chowdhury, Company Secretary & Compliance Officer of Enkei Wheels (India) Limited, and submitted to the Corporate Filing Department of BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.