Gabriel India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 03, 2023 at 02:31 am EST
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Gabriel India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 7,109.86 million compared to INR 6,061.42 million a year ago. Revenue was INR 7,128.31 million compared to INR 6,126.07 million a year ago. Net income was INR 291.24 million compared to INR 256.88 million a year ago. Basic earnings per share from continuing operations was INR 2.03 compared to INR 1.79 a year ago. Diluted earnings per share from continuing operations was INR 2.03 compared to INR 1.79 a year ago.
For the nine months, sales was INR 22,347.61 million compared to INR 16,476.62 million a year ago. Revenue was INR 22,456.87 million compared to INR 16,630.01 million a year ago. Net income was INR 985.95 million compared to INR 626.03 million a year ago. Basic earnings per share from continuing operations was INR 6.86 compared to INR 4.36 a year ago. Diluted earnings per share from continuing operations was INR 6.86 compared to INR 4.36 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.
GABRIEL INDIA LIMITED 
