Gabriel India Reports Strong Q3 Growth Amid Concerns Over Non-Operating Income Sustainability

Jan 29 2025 09:00 PM IST
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Gabriel India has announced its financial results for the quarter ending December 2024, showcasing significant growth in key metrics. Profit After Tax reached Rs 60.11 crore, with net sales at Rs 1,016.57 crore. The company also noted a rise in non-operating income, raising questions about its future sustainability.
Gabriel India, a midcap player in the auto ancillary sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance in several key areas. The Profit After Tax (PAT) reached Rs 60.11 crore, reflecting a year-on-year growth of 45.7%. Similarly, net sales amounted to Rs 1,016.57 crore, marking a 24.67% increase compared to the previous year. Additionally, the Profit Before Tax less Other Income (PBT) stood at Rs 69.07 crore, which is a 27.34% rise year-on-year.

However, the company has experienced an adjustment in its evaluation, with its score declining to 15 from 20 over the past three months. A noteworthy aspect of the financials is the non-operating income, which peaked at Rs 9.46 crore, the highest in the last five quarters. This increase in income from non-business activities raises questions about its sustainability moving forward.

Overall, Gabriel India’s recent financial results highlight a mix of positive growth trends alongside some areas of concern regarding income sources.

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