Q3FY18 Results: Gabriel India reports stable performance
Gabriel India posted standalone revenue for the quarter came at Rs. 445.18 crore, registering 9 yoy increase.
EBITDA for the quarter rose by 13.1 yoy to Rs. 39.557 crore with a corresponding margin expansion of 32 bps. EBITDA margin for the quarter stood at 8.9. The PAT for the quarter came in at Rs. 21.6 crore, yoy increase of 15.5 per cent. This was due to surge in other income to Rs. 2.2 crore as against Rs. 1 crore in corresponding quarter.
Gabriel India Limited is engaged in the manufacturing and marketing of ride control products. The company's portfolio includes a range of ride control products, which consists of shock absorbers, struts and front forks for every automotive segment. It operates through Auto Components and Parts business segment. Its business units include Commercial Vehicles & Railways, 2-Wheelers & 3-Wheelers, Passenger Cars and Aftermarket.
On Monday, the stock of Gabriel India traded flat and closed in green at Rs. 165.95 per share, up by 0.8 per cent.