Hot Pursuit     11-Jul-24
GNA Axles zooms on robust sequential growth in Q1FY25
GNA Axles jumped 4.13% to Rs 444.75 after the company reported robust sequential numbers in Q1 June 2024.
On a consolidated basis, GNA Axles' net profit surged 37% to Rs 27.75 crore on 7.71% increase in net sales to Rs 399.62 crore in Q1 June 2024 over Q4 March 2024. Profit before tax surged 126% QoQ to Rs 37.76 crore in Q1 June 2024.

On a year-on-year basis, the company's net profit fell 16.18% while net sales rose 6.84% in Q1 June 2024. PBT fell 16.13% YoY in Q1FY25.

Total expenses rose 9.86% YoY to Rs 362.41 crore in quarter ended 30 June 2024. Cost of materials consumed was at Rs 255.68 crore (up 0.85% YoY) and employee expense was Rs 19.62 crore (up 5.54%) during the quarter.

The company will pay a dividend of Rs 2 per share. The record date is set on 6 September 2025.

GNA is amongst the world's leading manufacturers of automotive transmission components.

Previous News
  GNA Axles to convene AGM
 ( Corporate News - 30-Aug-21   09:42 )
  GNA Axles to convene board meeting
 ( Corporate News - 05-Oct-24   17:42 )
  GNA Axles consolidated net profit rises 114.64% in the December 2022 quarter
 ( Results - Announcements 31-Jan-23   15:07 )
  GNA Axles consolidated net profit rises 496.76% in the March 2021 quarter
 ( Results - Announcements 23-Apr-21   16:14 )
  GNA Axles to convene AGM
 ( Corporate News - 12-Jul-24   14:20 )
  GNA Axles to announce Quarterly Result
 ( Corporate News - 16-Oct-23   14:36 )
  GNA Axles standalone net profit rises 41.56% in the December 2018 quarter
 ( Results - Announcements 12-Jan-19   16:12 )
  GNA Axles standalone net profit declines 16.76% in the March 2017 quarter
 ( Results - Announcements 06-May-17   15:29 )
  Board of GNA Axles recommends special dividend
 ( Corporate News - 23-Apr-21   18:16 )
  GNA Axles revises record date for dividend
 ( Market Beat - Reports 26-Jul-23   09:27 )
  Board of GNA Axles recommends final dividend
 ( Corporate News - 29-May-18   15:39 )
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