X

Gabriel India Ltd Q1FY24; 27% rise in Profits

Gabriel India is part of ANAND Group. From being a single-product company in 1961, we have transformed ourselves in line with changing market, technical and social trends and played a key role in limiting emissions of ride control products and foster the cause of environmental protection. Company manufactures over 300 models of ride control products. Its products include shock absorbers, struts, front forks and others.
It has a vision to be amongst top 5 shock absorber manufacturers in the world by 2025.


Financial Results:

  • Gabriel India Ltd reported Revenues for Q1FY24 of ₹806.00 Crores up from ₹721.00 Crore year on year, a rise of 11.79%.
  • Total Expenses for Q1FY24 of ₹753.00 Crores up from ₹682.00 Crores year on year, a rise of 10.41%.
  • Consolidated Net Profit of ₹42.00 Crores up 27.27% from ₹33.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹2.96, up 29.26% from ₹2.29 in the same quarter of the previous year.
Related Post