GNA Axles surges 25% in two days on strong Q1 results

The company posted consolidated net profit of Rs 29.46 crore as against a loss of Rs 6.58 crore in the year-ago quarter on the back of a healthy operational performance

Shares of GNA Axles moved higher by 18 per cent to Rs 652.95 on the BSE in the intra-day trade on Tuesday, surging 25 per cent in two trading days, after the auto components' company reported a strong set of numbers for the quarter ended June 2021 (Q1FY22).

The company posted a consolidated net profit of Rs 29.46 crore in Q1FY22 as against a loss of Rs 6.58 crore in the year-ago quarter on the back of a healthy operational performance. It had posted a net profit of Rs 27.63 crore in the March quarter (Q4FY21).

Moreover, revenues