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.
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