Gabriel India posts 30% QoQ PAT growth
Gabriel India Limited reported its results for the quarter ended September 30, 2017 during market hours on Friday.
Total sales for this quarter, Q2FY18, came in at Rs. 471.6 crore. This represents a 1.33 per cent sequential increase and 9.12 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 45.3 crore and the EBIT margin stood at 9.61 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 26.5 crore which represents a sequential QoQ increase of 30 per cent and a YoY increase of 25 per cent.
The company's stock which opened for trading at Rs. 195 on the BSE has risen by 0.9 per cent after the results were declared and at 14:49 hours the stock was trading at Rs. 195.75 per share.