WHEELS INDIA LTD - Q3 FY17 Wheels India Ltd reported strong yearly growth in December quarter FY17. Revenue or Income From Operations rose 14% YOY from Rs. 4698 Mn to Rs. 5365 Mn in the current Q3 FY17. PAT jumped at a phenomenal growth rate of 121% YOY and stood at Rs. 132 Mn compared to Rs. 60 Mn in the current December quarter.  EBDITA stood at Rs. 450 Mn compared to Rs. 380 Mn in the same period previous year growing by 18% YOY. Quarterly growth was somber with Revenue & EBDITA declining 2% whereas Net Profit managed to rise 1% in the current December quarter. Operating Expenditure jumped 14% YOY from Rs. 4473 Mn to Rs. 5076 Mn in the current December quarter. On quarterly basis there was decline of 1.5% to cope with low revenue growth.  As a result EBDITA margin declined 2 basis points YOY and was reported at 8.39% in the current December quarter. Operating costs constitute 95% of total revenues. In addition to that, higher interest or Finance costs need to be curtailed and comprise 2% of Revenues or 88% of Net Profit. Net Profit Margin was reported at 2.46% jumping 119 basis points YOY compared to same period previous year. Sequentially there was a jump of 6 basis points. Other Income aided rising 73% YOY and was reported at Rs. 8.30 Mn compared to Rs. 4.80 Mn corresponding quarter previous year. QOQ, other Income jumped 20% in the current Q3 FY17.   Wheels India is a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, tractors & construction equipment. Apart from wheels other divisions are air suspension, energy equipment & heavy engineering division. The wheels division contributes 50% of revenues for the company. Air suspension business has reported strong volume growth in the first nine months of the year. The company has a diversified base with over 30 customers spread globally such as Japan, Korea, US,  Brazil, China to name a few. 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