Gabriel India Delivers Strong Q3 FY25 Performance with Robust Revenue Growth and Market Expansion

Mumbai, January 29, 2025 – Gabriel India Limited (NSE: GABRIEL | BSE: 505714), a leading manufacturer of ride control products in India, has reported robust financial results for the third quarter (Q3) of fiscal year 2025 (FY25), reflecting steady growth in revenue, profitability, and strategic advancements.

Financial Highlights – Q3 FY25​

• Revenue: ₹9,242 million, marking a 13.6% year-on-year (YoY) increase from ₹8,138 million in Q3 FY24.
• EBITDA: ₹794 million with an 8.6% EBITDA margin, up from ₹720 million (8.8%) in Q3 FY24.
• Profit Before Tax (PBT): ₹708 million, reflecting a 19.3% YoY growth from ₹593 million in Q3 FY24.
• Net Cash Position: ₹2,960 million, reinforcing the company’s strong liquidity position.
• Capital Expenditure (Capex): ₹506 million was invested in the quarter to enhance production capabilities.

Nine-Month Performance (9M FY25)​

• Revenue: ₹27,124 million, a 9.2% increase from ₹24,840 million in 9M FY24.
• EBITDA: ₹2,374 million, reflecting an 8.8% EBITDA margin.
• PBT: ₹2,099 million, showing 7.7% profitability.
• Operational Cash Flow: ₹1,117 million, surpassing the ₹983 million generated in 9M FY24.
• Total Capex: ₹952 million for the first nine months of FY25.

Business Segment Performance​

Two-Wheeler (2W) & Three-Wheeler (3W) Segment​

• 9M FY25 revenue grew 13.02% YoY, driven by strong demand from TVS, OLA Electric, and Suzuki.
• The company holds a 30% market share in this segment.
• The electric vehicle (EV) business showed 23% growth in 2W EV and 103% growth in 3W EV sales YoY.

Passenger Vehicle Segment​

• 9M FY25 sales increased 4.2% YoY, driven by strong demand from Maruti Suzuki, Skoda, and Mahindra.
• Gabriel India supplies major UV/SUV brands, commanding a 29% market share in this segment.

Commercial Vehicle (CV) & Railways​

• The CV segment reported a 6.6% decline, in line with the 5.6% industry contraction as per SIAM data.
• Key customers include Tata Motors, Ashok Leyland, and Mahindra & Mahindra.
• The company remains a key supplier for Indian Railways, supporting conventional coaches, EMU coaches, and Vande Bharat trains.

Strategic Growth and Investments​

Gabriel India continues strengthening its global presence, with exports to Yamaha Japan, ISUZU Thailand, and DAF Netherlands. The company is expanding its aftermarket reach in Latin America, Africa, and North America.

Key investments include:

• R&D Expansion: Gabriel India is enhancing innovation and engineering excellence through its Pune Tech Centre and the Gabriel Europe Engineering Centre (GEEC) in Belgium.
• Sustainability Initiatives: The company aims to be carbon and water-neutral by 2025, with zero waste to landfill.
• Technology Advancements: Gabriel India has introduced laser welding, virtual analysis for durability assessment, and lightweight technologies to improve efficiency.

Aftermarket Leadership​

• Gabriel India maintains market leadership in the Indian aftermarket segment, holding a 40% market share.
• Q3 FY25 aftermarket sales grew 11% YoY, reaching ₹1,155 million.
• The company has successfully launched 116 new SKUs in FY25 and continues to expand its product portfolio.

Future Outlook​

Gabriel India remains committed to expanding its product range, strengthening its export footprint, and leveraging technology to sustain its competitive edge. With a strong balance sheet, robust growth strategy, and commitment to innovation, the company is well-positioned to capitalize on emerging opportunities in the EV, passenger vehicle, and aftermarket segments.

Conclusion​

Gabriel India’s Q3 FY25 results reflect a resilient growth trajectory driven by operational excellence, strategic investments, and strong customer relationships. As the company advances towards its Vision 2025, it remains focused on technological innovation, sustainability, and global expansion to reinforce its market leadership in the ride control industry.