Profit before tax (PBT) jumped 181.39% year-on-year to Rs 44.46 crore in Q1 June 2022.
Total expense climbed 54.97% YoY to Rs 682.57 crore in Q1 FY23. Cost of raw material consumed stood at Rs 544.51 crore (up 55.63% YoY) and employee expenses stood at Rs 44.08 crore (up 12.25% YoY).
Gabriel India makes auto components and parts. It has a significant presence across all automotive customer segments, including Original Equipment Manufacturers (OEMs), aftermarket, and exports.