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Wheels India has reported 19 per cent rise in its net profit at ₹15.3 crore for the quarter ended December 31, 2018, compared with ₹12.9 crore in the corresponding period of the previous year.
The company registered revenues of ₹786.03 crore as compared to ₹591.97 crore, a growth of 33 per cent.
“There was a slowing down of the car and truck segments towards the latter part of the third quarter. However, the quarter saw strong growth in export markets,” Srivats Ram, MD, Wheels India Ltd, said in a statement.
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