Enkei Wheels India Reports ₹52.97 Crore Loss in Q2 Amid Revenue Decline
Enkei Wheels (India) Limited has reported a net loss of ₹52.97 crore for the quarter ended June 30, compared to a profit of ₹13.13 crore in the same quarter last year. Revenue from operations decreased by 10.70% to ₹2,331.61 crore. The company's half-year results show a net loss of ₹70.08 crore. Total assets increased by 12.50% to ₹6,344.07 crore, while current borrowings rose by 80.66% to ₹1,526.52 crore. The Board of Directors approved these unaudited financial results on August 5, and statutory auditors have issued an unmodified review report.
29Apr 25
Enkei Wheels Reports Q4 Loss Amid Revenue Growth; Announces AGM Date
Enkei Wheels (India) Limited reported a net loss of ₹52.97 crore in Q4 FY2024-25, compared to a profit of ₹88.69 crore in the same quarter last year. Revenue increased by 2.87% to ₹2,279.81 crore. The company's 16th AGM is scheduled for May 28, 2025, with book closure from May 22-28, 2025. Ms. Snehal Phirange has been appointed as Secretarial Auditor for five years, subject to shareholder approval.
28Apr 25
ENKEI WHEELS Reports Q4 Net Loss of 53 Crore, Announces AGM Date
ENKEI WHEELS (INDIA) LIMITED reported a net loss of 53.00 crore rupees in Q4, down from a profit of 89.00 crore rupees in the same quarter last year. The company appointed Ms. Snehal Phirange as Secretarial Auditor for five years. The 16th Annual General Meeting is scheduled for May 28, 2025, with book closure from May 22-28, 2025.
Enkei Wheels (India) Limited experienced a challenging third quarter with revenue dropping 2.5% to 1.95 billion rupees and EBITDA falling 62.6% to 78.5 million rupees. The EBITDA margin contracted to 4.02% from 10.48%. Despite financial headwinds, the company is upgrading its MAP 2 facility to MAT status, with mass production set to begin in March 2025, increasing four-wheeler wheel production capacity by 18.2% to 130,000 units per month. The company maintains a solid financial position with total assets of 5,637.48 million rupees.