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.

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

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

• 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 (Rs. 10,716 Mn); consolidated quarterly revenue reached INR 1,179 crores (Rs 11,786.56 million), up 16% year-on-year.

• Standalone EBITDA for Q3 FY26 rose 21% year-on-year to INR 96 crores (Rs. 961 Mn, margin 9.0%); consolidated EBITDA was INR 111 crores with a 9.4% margin.

• Standalone net profit after tax for Q3 FY26 was Rs 647.42 million, up from Rs 537.48 million in Q3 FY25; consolidated net profit after tax was Rs 601.11 million, up from Rs 586.98 million.

• Exceptional item of INR 13 crores (Rs 133.17 million consolidated, Rs 130.00 million standalone) 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.

• Hero MotoCorp business to commence production by end of Q1 or start of Q2 FY 2027, with more models under discussion.

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

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