Gabriel India (505714) Q4 24/25 earnings summary

Executive summary

• Board recommended a final dividend of Rs. 2.95 per share for FY25, with a total annual payout ratio of 32%, subject to shareholder approval.

• Achieved standalone revenue of Rs. 36,433 Mn and consolidated revenue of Rs. 40,634 Mn in FY25, with PAT at Rs. 2,119 Mn (standalone) and Rs. 2,450 Mn (consolidated).

• Strong market presence in 25 countries, 8 manufacturing facilities, and 4,800+ employees.

• Focused on sustainability, targeting carbon and water neutrality by 2027, with 17% of power from renewables.

• Standalone and consolidated financial results for FY25 were approved and audited with an unmodified opinion.

Financial highlights

• Standalone Q4 FY25 operating revenue rose 8.4% YoY to INR 931 crores, with EBITDA up 13% YoY to INR 87 crores and margin at 9.3%.

• Full-year standalone revenue grew 9% to INR 3,643 crores; EBITDA at INR 324 crores (margin 8.9%), PAT at INR 212 crores, up 14% YoY.

• Consolidated revenue for FY25 reached INR 4,063 crores, up 19.4% YoY; EBITDA at INR 392 crores (margin 9.6%), PAT at INR 245 crores.

• Net cash position at Rs. 3,084 Mn at FY25 end; capex of Rs. 1,281 Mn in FY25, up from Rs. 830 Mn in FY24.

• Standalone and consolidated EPS for FY25 were ₹14.75 and ₹17.05, respectively.

Outlook and guidance

• Solar damper business expected to generate INR 200+ crores revenue in next two years, with production ramp-up from end of calendar year.

• Sunroof JV plant in Chennai to double capacity by H2 CY25, aiming for Rs. 10 Bn revenue by 2030; localization to increase to 50-60% over 3-5 years.

• CapEx guidance for FY26: INR 100-150 crores for standalone (excluding sunroof), with INR 40 crores for maintenance.

• Targeting top 5 global position in shock absorber manufacturing.

• The joint venture with Inalfa Roof Systems B.V. did not receive regulatory approval and is under evaluation.