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Gabriel India Ltd Q2FY24; 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 Q2FY24 of ₹864.00 Crores up from ₹803.00 Crore year on year, a rise of 7.6%.

Total Expenses for Q2FY24 of ₹806.00 Crores up from ₹757.00 Crores year on year, a rise of 6.47%.

Consolidated Net Profit of ₹47.00 Crores up 27.03% from ₹37.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.27, up 28.24% from ₹2.55 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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