Gabriel India (505714) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue was Rs 16,079.96 million, up 22.9% YoY; net profit was Rs 1,239.69 million. H1 revenue reached Rs 30,336.79 million.

• A FORVIA joint venture broadens the portfolio into passenger-vehicle seat structures and complete seats.

• Standalone H1 revenue rose 20.9% to Rs 26,734.26 million; EBITDA increased 12.8% to Rs 2,221 million and PBT rose 17.3% to Rs 1,884 million.

Financial highlights

• Consolidated Q2 EBITDA was Rs 1,409 million and PBT was Rs 1,482 million; Q2 PBT before exceptional items rose 14% YoY to INR 148 crore.

• Consolidated H1 EBITDA was Rs 2,814 million and PBT was Rs 2,559 million; PBT before exceptional items was INR 281 crore, up 10% YoY.

• Standalone Q2 revenue was Rs 13,991.79 million and net profit was Rs 683.85 million; H1 revenue was Rs 26,734.26 million and net profit was Rs 1,443.53 million.

• Standalone Q2 adjusted EBITDA was INR 115 crore, up 15% YoY; H1 adjusted EBITDA was INR 222 crore, up 13%.

Outlook and guidance

• 2030 revenue vision remains INR 50,000 crore; FORVIA seating and HL Klemove are identified as growth initiatives, with seating and ADAS seen as high-potential areas.

• HL Mando and HL Klemove are expected to grow faster than the market, supported by broader customer penetration; specific growth rates were not provided.

• Consolidated CapEx is expected at INR 1,000 crore–INR 1,500 crore, driven by capacity, new plants and plant improvements.

• Aftermarket priorities include new product lines, deeper reach in B and C class towns, and export growth in Latin America, Australia and Africa.

• Sustainability targets are carbon and water neutrality by 2030, with zero waste to landfill.