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GNA Axles Ltd Q2FY24; 15% fall in Profits

GNA Axles is engaged in the Business of manufactures auto components for the four-wheeler industry, primary product being Rear Axles, Shafts, Spindles & other Automobiles Components for sale in domestic and foreign market.

Financial Results:

GNA Axles Ltd reported Revenues for Q2FY24 of ₹404.00 Crores down from ₹420.00 Crore year on year, a fall of 3.81%.

Total Expenses for Q2FY24 of ₹367.00 Crores down from ₹376.00 Crores year on year, a fall of 2.39%.

Consolidated Net Profit of ₹28.00 Crores down 15.15% from ₹33.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.44, down 17.22% from ₹7.78 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.

Tags: Automobile
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