Enkei Wheels India Q2 Financial Results Update

Revenue from operations reached Rs 3,453.7 million for the quarter ended September 30, 2026, compared to Rs 2,651.09 million in the year-ago period. Net profit stood at Rs 72.81 million for the quarter, down from Rs 79.36 million in the corresponding period of 2025.

Reader Takeaway: Robust top-line growth signals strong demand, but investors should track rising currency-linked borrowing costs affecting quarterly margins.

What just happened

Enkei Wheels (India) Ltd released its unaudited financial results for the quarter and nine months ended September 30, 2026. The board approved these results on November 4, 2026, receiving an unmodified review report from the statutory auditors. The company continues to operate under the single business segment of Automotive Wheels.

Why this matters

The company demonstrated a sharp 30.27% year-on-year revenue growth for the quarter, indicating strong operational scale. However, net profit saw a slight contraction on a quarterly basis. Conversely, the cumulative performance for the first nine months shows a massive recovery, with profits reaching Rs 169.21 million, a substantial leap from the Rs 9.27 million reported in the first nine months of the previous fiscal year.

Risks to watch

Foreign exchange volatility is exerting pressure on the bottom line. The company recorded an adjustment of Rs 17.30 million in borrowing costs due to foreign currency exchange fluctuations in the September quarter, a significant rise from the Rs 1.97 million adjustment reported in the previous quarter. Shareholders should monitor whether this volatility continues to erode margins in future quarters.

Context metrics (nine months ended Sep 2026)

Revenue from operations: Rs 9,634.62 million (vs Rs 7,262.51 million in 2025).
Net profit: Rs 169.21 million (vs Rs 9.27 million in 2025).
Basic EPS: Rs 9.41 (vs Rs 0.52 in 2025).