Gabriel India (505714) Q3 25/26 earnings summary

Executive summary

• Achieved strong revenue and profit growth in Q3 and 9M FY26, driven by robust demand, higher volumes, and successful execution of strategic initiatives across all segments.

• Expanded product portfolio and entered new business areas through JVs and acquisitions, supporting diversification and future growth.

• Focused on sustainability, R&D, and technology advancement, with significant progress in green initiatives and innovation.

• Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

• Re-appointment of Mrs. Pallavi Joshi Bakhru as Non-Executive Independent Director for a second term of five years, subject to shareholder approval.

Financial highlights

• Standalone operating revenue for Q3 FY26 grew 16% year-on-year to INR 2,072 crores; consolidated quarterly revenue reached INR 1,179 crores, up 16% year-on-year.

• Standalone EBITDA for Q3 FY26 rose 21% year-on-year to INR 96 crores (margin 9%); consolidated EBITDA was INR 111 crores with a 9.4% margin.

• Adjusted PAT (excluding INR 13 crores exceptional item) was INR 68 crores, up 13% year-on-year.

• Exceptional item of INR 13 crores (standalone) and INR 133.17 million (consolidated) recognized due to new labour codes.

• Net cash position at Rs. 3,022 Mn as of Dec-25; capex of Rs. 1,387 Mn in 9M FY26, mainly for growth initiatives.

Outlook and guidance

• Targeting to be among the top 5 shock absorber manufacturers globally, with focus on exports, technology, and domestic dominance.

• Sunroof business expects production for new Hyundai variants to start by December 2027, with annual turnover of INR 120 crores and volume of 130,000 units.

• Solar damper commercialization remains on track for the first half of FY 2027, with no delays anticipated.

• Capacity utilization for two-wheeler plants is around 70%, with ongoing capacity additions to meet demand.

• Business restructuring to drive diversification, scale, and value creation for shareholders.