Gabriel India Ltd :Q4FY17 Results

Gabriel India reported its results for the quarter ended March 31, 2017 on Monday.
 
The company's total sales for Q4FY17 came in at Rs 388 crore, which represents a 5.6 per cent sequential increase and 6.9 per cent YoY increase.
 
Its operating profit (EBIT) for the quarter amounted to Rs 24.7 crore and its EBIT margin stood at 6.4 per cent.
 
The company reported PAT of Rs 23 crore, which represents a sequential QoQ increase of 21.2 per cent and a YoY increase of 8.9 per cent.
 
The company's board of directors has recommended a final dividend of Rs 0.85 per equity share.

The company's stock opened for trading at Rs 129.20 on the BSE, touched a low at Rs 126.75 and closed at Rs 128.25.

Gabriel India Limited is an Indian company engaged in the business of production and supply of ride control products for the Indian automotive industry, participating in all segments, i.e., passenger cars, utility vehicles, commercial vehicles and two-wheelers. The company's products includes shock absorbers, front forks and struts. The company operates in only one business segment, viz. auto component and parts.