Gabriel India Ltd's Q1 FY27 numbers came in mixed, with revenue of Rs. 1,274.25 Cr (+18.90% YoY) and PAT growth of +27.45% YoY. Here's a quick read of what worked, what to watch, and what management said.
Quick Details| Results date | July 21, 2026 |
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| Quarter | Q1 FY 2026-2027 |
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| Revenue (Q1) | Rs. 1,274.25 Cr (+18.90% YoY) |
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| PAT (Q1) | Rs. 75.97 Cr (+27.45% YoY) |
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| EBITDA margin | 8.41% (-61 bps YoY) |
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| EPS (Q1) | Rs. 4.29 (+27.68% YoY) |
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| Market cap | Rs. 21,436.45 Cr |
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| CMP | Rs. 1,493.40 |
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Quarter Snapshot
Gabriel India delivered strong standalone revenue and PAT growth (18.9% and 27.5% YoY) driven by robust auto demand, but margins compressed due to elevated material costs. Consolidated PAT growth was only 2% YoY, highlighting subsidiary drag. Strategic investments in HL Mando and HL Klemove position the company for future growth, though near-term margin recovery remains uncertain.
Key Investment Insights
Key Positives
- Standalone revenue grew 18.9% YoY to Rs.1,274.25 Cr, driven by strong auto industry tailwinds across 2W/PV/CV segments.
- Standalone PAT grew 27.5% YoY to Rs.75.97 Cr, and EPS rose 27.7% to Rs.4.29 despite a 23.4% increase in share count.
- Finance costs declined 5.5% YoY and 23.6% QoQ to Rs.2.91 Cr, indicating efficient working capital management.
- Two strategic investments announced: acquisition of 28.99% stake in HL Mando and ~30% in HL Klemove, expanding product portfolio and technology capabilities.
- Employee cost as % of revenue improved 64 bps YoY to 5.87%, reflecting operating leverage and the CORE 90 cost programme.
- Revenue growth exceeded the auto-components sector median, indicating market share gains.
Risk Factors
- Standalone EBITDA margin contracted 61 bps YoY to 8.41%, driven by material cost ratio increasing 148 bps to 75.32% of revenue.
- Consolidated PAT-to-owners grew only 2.0% YoY despite 15.5% revenue growth, as subsidiary/associate profits lagged and other income was eliminated.
- Consolidated EBITDA margin (ex-associates) declined 87 bps YoY to 8.71%, indicating broad-based margin pressure across the group.
- Standalone other income surged 162% YoY to Rs.18.68 Cr, contributing ~25% of PAT — largely non-recurring or intra-group, inflating reported earnings.