Gabriel India Q1 profit up 58% to Rs 13.69 cr

Company had posted net profit of Rs 8.67 cr during the April-June quarter last fiscal

Pune-based auto components maker Gabriel India today reported 57.90 per cent growth in net profit at Rs  13.69 crore for the first quarter ended June 30, 2014-15.

The company had posted net profit of Rs  8.67 crore during the April-June quarter last fiscal.

Net sales during Q1, 2014-15 increased 19.31 per cent to Rs  349.99 crore, from Rs  293.33 crore in the year-ago period, Gabriel India said in a filing to the BSE.

The company's scrip closed at Rs  50.40, down 1.95 per cent, on the BSE.