Gabriel India Limited Reports Earnings Results for the First Quarter Ended June 30, 2021
August 04, 2021 at 04:25 am EDT
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Gabriel India Limited announced earnings results for the first quarter ended June 30, 2021. For the first quarter, the company announced total revenue was INR 4,562.7 million compared to INR 1,253.48 million a year ago. Net income was INR 119.98 million compared to net loss of INR 237.78 million a year ago. Basic earnings per share from continuing operations was INR 0.84 compared to basic loss per share from continuing operations of INR 1.66 a year ago.
Gabriel India Limited is an India-based auto component company. The Company specializes in manufacturing ride control components such as shock absorbers, struts, and front forks. It is engaged in the trading of automobile components. The Company has a presence across various business segments, including two- and three-wheelers, passenger cars, commercial vehicles, railways and aftermarket. It offers various products, such as canister shock absorber, telescopic front fork, inverted front fork (canister and big piston design), mono shox, shock absorbers rear shock absorbers, strut assembly, FSD suspension, axle dampers, cabin dampers, seat dampers, double-acting hydraulic shock absorbers for conventional coaches for integral coach factory (ICF), shock absorber for EMU/ MEMU/DMU coaches, dampers for diesel locomotives, shock absorbers, MacPherson struts, gas springs, brake pads, drive shafts, suspension parts, suspension and strut bush kits, OC springs, coolants and front fork components.