GABRIEL · Automobile and Auto Components
Gabriel India Ltd. reported revenue of ₹1,308 cr for July to September 2025, +27.4% on the year and +6.0% on the quarter. It is the highest quarterly revenue in the last 10 quarters on record. Over the last four quarters revenue comes to ₹4,632 cr, +25.0% on the four before.
Operating profit (EBITDA) was ₹126 cr, a margin of 9.6%, −2 bps on the year and +6 bps on the quarter. Over the last 8 quarters the margin has ranged from 8.6% to 10.2%, averaging 9.4%. Operating costs grew +27.4%, broadly with revenue, so operating profit kept pace with sales.
Net profit was ₹107 cr, +69.9% on the year and +2.0% on the quarter, with earnings per share of ₹6.01. Profit before other income, one-offs and tax grew 60.0%, so 10 points of the headline growth came from outside the core business. The tax rate was 18% against an average of 24% over the previous 8 quarters, which lifted profit this quarter. Profit over the last four quarters totals ₹336 cr, +59.3% on the four before.
A vehicle maker's revenue is volumes times average price, and its margin moves with steel, aluminium and rubber costs and with the share of exports and premium models. The quarterly statements do not carry volumes, realisation per vehicle and the export share; those come with the filing read.
On earnings per share of ₹22.00 over the last four quarters, the stock at ₹1,408.40 trades at 64.0 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Metric | Q2 FY26 |
|---|---|
| Auto Components and Parts Revenue (₹ crore) | 1,308 |
| Operating Margin | 7.68% |
| Net Profit Margin | 5.49% |
| Debt Equity Ratio (x) | -0.53 |
| Trade Receivables Turnover Ratio (x) | 6.68 |
| Inventory Turnover Ratio (x) | 10.22 |
Read using the Automobiles and components framework (named in the filing read). Primary valuation lens: P/E through the cycle.
Read more closely in this sector: Dealer inventory days · Raw material cost against realisation.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹815 cr | ₹917 cr | ₹947 cr | ₹1,027 cr | ₹1,017 cr | ₹1,073 cr | ₹1,234 cr | ₹1,308 cr | ₹1,179 cr | ₹1,381 cr | ₹1,426 cr | ₹1,608 cr |
| YoY | — | — | +17% | +19% | +25% | +17% | +30% | +27% | +16% | +29% | +16% | +23% |
| EBITDA margin | 8.6% | 8.7% | 9.6% | 9.6% | 8.9% | 10.2% | 9.6% | 9.6% | 9.1% | 9.6% | 8.7% | 8.8% |
| Other income, % of PBT | 7% | 9% | 8% | 6% | 11% | 6% | 34% | 5% | −8% | 36% | 3% | 4% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 29% | 26% | 24% | 23% | 23% | 26% | 16% | 18% | 24% | 19% | 19% | 16% |
| Net profit | ₹41.0 cr | ₹49.0 cr | ₹58.0 cr | ₹63.0 cr | ₹60.0 cr | ₹64.0 cr | ₹105 cr | ₹107 cr | ₹55.0 cr | ₹119 cr | ₹108 cr | ₹124 cr |
| YoY | — | — | +38% | +37% | +46% | +31% | +81% | +70% | −8% | +86% | +3% | +16% |
| Core profit YoY | — | — | +35% | +35% | +30% | +37% | +19% | +60% | +11% | +15% | +55% | +15% |
| EPS | ₹2.87 | ₹3.41 | ₹4.01 | ₹4.38 | ₹4.18 | ₹4.48 | ₹7.33 | ₹6.01 | ₹3.81 | ₹8.23 | ₹6.04 | ₹6.80 |
| Flags | · | · | ✓ | ✓ | 1 | ✓ | 2 | ✓ | ✓ | 2 | ✓ | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Gabriel India Ltd. reported revenue of ₹1,308 cr (+27.4% on the year) and net profit of ₹107 cr (+69.9% on the year) for July to September 2025.
Profit before other income, exceptional items and tax moved +60.0% on the year, against +69.9% for reported profit.
None of the 7 checks that could run raised a question.
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