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 consolidated net profit declines 17.32% in the September 2023 quarter
 ( Results - Announcements 27-Oct-23   17:07 )
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 ( Results - Announcements 31-Jan-23   15:07 )
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 ( Hot Pursuit - 27-Jul-21   12:15 )
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 ( Corporate News - 03-Aug-22   11:18 )
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 ( Market Beat - Reports 22-Jul-19   17:15 )
  GNA Axles consolidated net profit rises 496.76% in the March 2021 quarter
 ( Results - Announcements 23-Apr-21   16:14 )
  Board of GNA Axles recommends Final Dividend
 ( Corporate News - 21-Apr-25   14:57 )
  GNA Axles consolidated net profit rises 12.86% in the December 2024 quarter
 ( Results - Announcements 10-Jan-25   15:09 )
  Board of GNA Axles recommends special dividend
 ( Corporate News - 23-Apr-21   18:16 )
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 ( Results - Announcements 21-Apr-25   15:15 )
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