GABRIEL · Automobile and Auto Components
Gabriel India Ltd. reported revenue of ₹1,179 cr for October to December 2025, +15.9% on the year and −9.9% on the quarter. Over the last four quarters revenue comes to ₹4,794 cr, +22.7% on the four before.
Operating profit (EBITDA) was ₹107 cr, a margin of 9.1%, +13 bps on the year and −54 bps on the quarter. Over the last 8 quarters the margin has ranged from 8.7% to 10.2%, averaging 9.4%. Operating costs grew +15.8%, broadly with revenue, so operating profit kept pace with sales.
Net profit was ₹55.0 cr, −8.3% on the year and −48.6% on the quarter, with earnings per share of ₹3.81. Profit before other income, one-offs and tax grew faster, at +11.4%; other income, one-offs or tax held the headline back. The tax rate of 24% is in line with its recent average. Profit over the last four quarters totals ₹331 cr, +43.9% 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 ₹21.63 over the last four quarters, the stock at ₹1,448.30 trades at 67.0 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, 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.
Core profit grew faster than reported profit: one-offs held the headline down.
Source: Quarterly statements
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.
| 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 ₹1,179 cr (+15.9% on the year) and net profit of ₹55.0 cr (−8.3% on the year) for October to December 2025.
Profit before other income, exceptional items and tax moved +11.4% on the year, against −8.3% for reported profit.
None of the 7 checks that could run raised a question.
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