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24-May-2024

Gabriel India

OP up 48.12%


'For the quarter ending March 2024, standalone net sales (including other operating income) of Gabriel India has increased 16.51% to Rs 858.63 crore compared to quarter ended March 2023.  Operating profit margin has jumped from 7.11% to 9.03%, leading to 48.12% rise in operating profit to Rs 77.57 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 74.70% to 73.96%.   Purchase of finished goods cost fell from 1.36% to 1.06%.   Employee cost decreased from 6.28% to 5.86%.   Other expenses fell from 10.52% to 10.04%.   

Other income up 22.60% to Rs 7.92 crore.  PBIDT rose 45.32% to Rs 85.49 crore.  Provision for interest up 44.71% to Rs 1.23 crore.  Loan funds declined from Rs 11.16 crore as of 31 March 2023 to Rs 10.26 crore as of 31 March 2024.  Inventories rose to Rs 235.73 crore as of 31 March 2024 from Rs 224.81 crore as of 31 March 2023....



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