Gabriel India Limited reported a 14.9% rise in standalone net profit to ₹759.68 crore for the quarter ended June 30, 2026. Revenue from operations increased to ₹12,742.47 crore from ₹10,716.81 crore in the corresponding period of the previous year. Total income stood at ₹12,929.26 crore, while total expenses were ₹11,931.02 crore. The board approved the unaudited financial results for the quarter ended June 30, 2026, in its meeting held on July 21, 2026. Price Waterhouse Chartered Accountants LLP provided the limited review report.

The figures for the previous periods have been restated following the approval of a Composite Scheme of Arrangement by the National Company Law Tribunal (NCLT) vide its order dated May 11, 2026. The scheme involved the merger of Anchemco India Private Limited with Asia Investments Private Limited and the subsequent demerger and transfer of the Automotive Undertaking to the company.

Strategic Acquisitions

The board approved the acquisition of 28.99% of the equity share capital of HL Mando Anand India Private Limited from Asia Investments Private Limited. The acquisition involves the purchase of 4,81,34,427 equity shares at a price of ₹463.50 per share. The aggregate consideration for the acquisition is ₹22,310 million, comprising ₹3,500 million in cash and the balance through the preferential allotment of equity shares.

The company approved the issuance and allotment of 1,44,04,204 equity shares to Asia Investments Private Limited on a preferential basis at an issue price of ₹1,305.89 per share, aggregating to ₹18,810.31 million. This allotment constitutes 7.52% of the post-issue paid-up share capital and is subject to shareholder and regulatory approvals.

Additionally, the board approved an investment in HL Klemove India Private Limited by purchasing 37,844,999 equity shares for an amount equal to the INR equivalent of USD 98.44 million. This investment will result in the company holding 30% minus one share of the total paid-up share capital of the target company.

Financial Performance

The company’s earnings per share (EPS) for the quarter stood at ₹4.29 on a standalone basis, compared to ₹3.36 in the same period last year. The exceptional item for the quarter related to obligations for employees' past service created pursuant to the implementation of the four labour codes. The company operates in a single operating segment, "auto components and parts".

Standalone Financial Results (₹ in Million)

Conference Call Update

In continuation to the intimation regarding the Investors/Analyst conference call to discuss operational and financial performance for Q1 FY27, the company has informed that the audio recording of the said call has been uploaded on its website. The recording can be accessed via the Investor Information – Audio Transcript tab.

Gabriel India Ltd has appointed Mahendra K. Goyal as Executive Director and Group Chief Executive Officer and Managing Director for a term of five years effective July 21, 2026. The Board of Directors approved the appointment at its meeting held on July 21, 2026, subject to the approval of the members at the ensuing Annual General Meeting. Concurrently, the Board re-designated Atul Jaggi as Managing Director (Ride Control) with effect from the same date until October 17, 2029.

Mahendra K. Goyal, who was previously a non-executive, non-independent director, has been re-designated to the executive role. His tenure as Group CEO & MD will run until July 20, 2031. He will be designated as a Key Managerial Personnel (KMP) and will be responsible for the overall supervision of the company across all business segments, including joint ventures, subsidiaries, and associate companies. Goyal is a Chartered Accountant, Company Secretary, and Cost Accountant with over 31 years of experience. He has been associated with the ANAND Group since July 1995 and most recently served as Group CEO starting October 2024.

The Board also approved the re-designation of Atul Jaggi to the role of Managing Director (Ride Control). This change is effective immediately upon Board approval and extends until October 17, 2029, aligning with the tenure originally approved by members on January 15, 2025, via postal ballot. Aside from the change in designation, all other terms and conditions of his appointment remain unchanged. Jaggi holds a bachelor's degree in mechanical engineering and brings 25 years of experience in functions such as maintenance, supplier development, and manufacturing excellence.

The following table summarizes the key management changes approved by the Board:

The appointments were made on the recommendation of the Nomination and Remuneration Committee. The company confirmed that neither appointee is related to any existing Director or Key Managerial Personnel, nor are they debarred from holding the office of director by the Securities and Exchange Board of India or any other authority. The Board meeting commenced at 04.00 p.m. and concluded at 05.00 p.m. on July 21, 2026.