Gabriel India’s Q2 net profit jumped 16%, topping ₹123.96 crore – a clear sign that the automotive parts sector is staying robust even as raw‑material costs climb.
Revenue from operations hit ₹1,607.96 crore, up 22.6% from the same quarter last year, while total expenses rose 25% to ₹1,514.72 crore, mainly due to a 26.5% spike in material costs.
Strategic moves continued: the firm bought a 28.99% stake in HL Mando Anand India for ₹2,231 crore and a 29.99% stake in HL Klemove India for USD 98.44 million, both aimed at boosting its electric‑vehicle component lineup.
To back these investments, Gabriel India issued ₹1,000 crore of 8.15% unsecured debentures, giving it fresh capital for working‑capital needs and future expansion.
For buyers, the data suggests that suppliers are scaling up to meet the growing EV market, which could translate into steadier component supply and potentially lower vehicle production costs.
Next quarter’s results will reveal whether the company can keep growth momentum and how the new stakes in HL Mando and HL Klemove will affect its product mix and pricing strategy.