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Informist, Tuesday, Jul. 21, 2026

 

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--Gabriel India Apr-Jun consol net profit INR 1.07 bln
--Analysts saw Gabriel India Apr-Jun consol net profit at INR 915 mln
--Gabriel India Apr-Jun consol revenue INR 14.26 bln
--Analysts saw Gabriel India Apr-Jun consol revenue at INR 13.63 bln
--Gabriel India Q1 consol net profit INR 1.07 bln vs INR 1.05 bln yr ago
--Gabriel India Apr-Jun consol sales INR 14.26 bln vs INR 12.34 bln yr ago
--Gabriel India appoints Mahendra K Goyal as group CEO, MD for 5 years
--Gabriel India to buy nearly 30% stake in HL Klemove India 
--Gabriel India: Plan to participate in autonomous driving business via JV 

 

By Pratyush Kumar

 

MUMBAI – Auto component maker Gabriel India Ltd. Tuesday reported marginal on-year growth in its consolidated net profit for the June quarter despite a sharp rise in revenue. However, the bottom line beat the Street estimates.

 

The company reported a consolidated net profit of INR 1.07 billion for the June quarter, up 2% on year from INR 1.05 billion. Sequentially, net profit declined over 9%. The company reported consolidated revenue from operations of INR 14.26 billion, up more than 15% on year from INR 12.34 billion. Sequentially, it rose over 3%.

 

Analysts had estimated Gabriel India to report a consolidated net profit of INR 915 million and revenue of INR 13.63 billion.

 

The company's total expenses rose over 16% on year and 4% on quarter to INR 15.64 billion in Apr-Jun. Gabriel India's cost of materials consumed rose nearly 18% on year and nearly 5% sequentially to INR 10.53 billion for the June quarter. The company's other expenses grew 15% on year to INR 1.56 billion from INR 1.35 billion. The company's purchase of stock-in-trade grew 66% on year in the June quarter to INR 115 million from INR 69.5 million.

 

The company appointed Mahendra K. Goyal as group chief executive officer and managing director for a period of five years, effective immediately.

 

Gabriel said it entered into a joint venture agreement with South Korean HL Klemove Corp. to make HL Klemove India Pvt. Ltd. As per the agreement, Gabriel will buy 37.8 million shares of HL Klemove India for $98.44 million (INR 9.48 billion) for a 30% stake. With this acquisition, Gabriel aims to engage in the autonomous driving and automotive electronics business in India, the company said in an exchange filing.

 

Gabriel's board approved an issue of 14.40 million equity shares worth INR 18.81 billion to its promoter, Asia Investments Pvt. Ltd., at INR 1,305.89 per share on a preferential allotment basis. The company aims to acquire a nearly 29% stake in HL Mando Anand India Pvt. Ltd, which is held by Asia Investments, for INR 22.31 billion. Gabriel said it has already paid the remaining INR 3.50 billion in cash.

 

Tuesday, the company's shares ended at INR 1,488.50 on the National Stock Exchange, up 6.5% from the previous close. Gabriel India released its June quarter earnings after market hours. End 

 

Edited by Saji George Titus

 

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