Gabriel India Limited , a leading auto component manufacturer, has announced its financial results for the second quarter and half-year ended September 30, 2025, showcasing strong performance across key metrics.

Financial Highlights

The company reported consolidated revenue from operations of Rs. 11,803.00 million for Q2 FY26, marking a 14.90% year-on-year growth. The half-yearly revenue stood at Rs. 22,787.00 million, up by 15.50% compared to the same period last year.

Gabriel India's profitability also saw significant improvement:

• Q2 FY26 EBITDA increased by 17.70% YoY to Rs. 1,162.00 million, with an EBITDA margin of 9.80%.
• Profit Before Tax (PBT) for Q2 FY26 grew by 10.70% YoY to Rs. 910.00 million.
• Net Profit After Tax (PAT) for Q2 FY26 rose to Rs. 690.00 million, a 9.70% increase from the previous year.

Interim Dividend Declaration

The Board of Directors has declared an interim dividend of Rs. 1.90 per share for FY26. The record date for dividend payment is set for November 21, 2025, with the payout scheduled on or before December 11, 2025.

Operational Performance

Gabriel India continued to strengthen its market position across various segments:

Strategic Developments

The company made several strategic moves during the quarter:

1. Revised Joint Venture Agreement: Gabriel India is set to revise its joint venture structure with Inalfa Roof Systems Group B.V. for Inalfa Gabriel Sunroof Systems Private Limited (IGSSPL), subject to regulatory approvals. The new structure proposes a 65:35 shareholding between Gabriel India and Inalfa.

2. Asset Acquisition: The company completed the acquisition of identified assets from Marelli Motherson Auto Suspension Parts Private Limited on April 1, 2025, enhancing its manufacturing capabilities for shock absorbers, struts, and gas dampers.

3. Joint Ventures: Gabriel India entered into joint venture agreements with Jinhap Korea for fasteners and SK Enmove for lubricants and functional fluids, diversifying its product portfolio and market reach.

Aftermarket and Export Performance

The aftermarket segment showed resilience with an 8.50% YoY sales growth in H1 FY26. The company launched 156 new SKUs and introduced a new product line for three-wheeler trailing arms.

Exports continued to be a focus area, with the company actively pursuing opportunities in Latin American, Australian, and African markets.

Management Commentary

Atul Jaggi, Managing Director of Gabriel India Limited, stated, "Our Q2 and H1 FY26 results reflect the company's robust performance and strategic initiatives. The strong growth across all segments, coupled with our expansion into new product categories through joint ventures, positions us well for sustained growth. We remain committed to innovation, operational excellence, and creating value for our stakeholders."

Outlook

With a strong order book, strategic acquisitions, and joint ventures in place, Gabriel India is well-positioned to capitalize on the growing demand in the auto component sector. The company's focus on electric vehicle components and expansion into new product categories is expected to drive future growth.

As Gabriel India continues to strengthen its market position and diversify its product portfolio, it remains an attractive proposition for investors looking for exposure to the Indian auto component sector.

Note: All financial figures are in Indian Rupees (INR) and are on a consolidated basis unless otherwise stated.

Gabriel India Limited has announced a significant revision to its joint venture agreement with Inalfa Roof Systems Group B.V., reshaping the ownership structure of their subsidiary, Inalfa Gabriel Sunroof Systems Private Limited (IGSSPL). The Board of Directors approved this change on November 12, 2025, marking a strategic shift in the partnership.

Key Changes in the Joint Venture

The revised agreement introduces the following changes:

• Gabriel India will retain a 65% majority stake in IGSSPL
• Inalfa's shareholding has been reduced from the previously proposed 51% to 35%
• The revision follows the rejection of Inalfa's PN3 approval application by the Ministry of Heavy Industries in August 2024

Additional Agreements Approved

The Board has also given the green light to several related agreements:

1. An amended Technical Collaboration and Alliance Agreement
2. An addendum to the Corporate Service Agreement with Anand Automotive Private Limited
3. A Brand License Agreement for exclusive use of Inalfa trademarks in India
4. An Investment Agreement for Inalfa's 35% stake acquisition

These agreements are subject to necessary corporate and regulatory approvals.

Financial Implications

While the immediate financial impact of this restructuring is not detailed, the move signifies Gabriel India's commitment to maintaining control over IGSSPL's operations. The company's stake will decrease from 100% to 65% following the transaction, but it will retain majority control.

Looking Ahead

This revised joint venture structure may allow Gabriel India to benefit from Inalfa's expertise while maintaining strategic control over IGSSPL. The successful implementation of this agreement could potentially strengthen Gabriel India's position in the automotive components sector, particularly in the sunroof systems market.

Investors and industry observers will likely keep a close watch on how this restructured partnership impacts Gabriel India's operations and financial performance in the coming quarters.