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GNA Axles Q2 FY27 results: net profit up 41.3% to ₹44.07 crore, revenue up 49.8%
GNA Axles Limited reported consolidated revenue of ₹521.15 crore and a net profit of ₹44.07 crore for Q2 FY27, up 49.8% and 41.3% from Q2 FY26. EBITDA rose to ₹81.50 crore, while EBITDA margin declined 2.0 percentage points to 15.6%; basic EPS was ₹10.27.
Key points
- Consolidated revenue rose to ₹521.15 crore in Q2 FY27, up 49.8% from ₹347.94 crore in Q2 FY26.
- Net profit increased to ₹44.07 crore from ₹31.19 crore, a rise of 41.3%, while basic EPS was ₹10.27.
- EBITDA rose to ₹81.50 crore from ₹61.14 crore, but EBITDA margin fell from 17.6% to 15.6%.
- H1 FY27 revenue was ₹991.59 crore, up 43.3% from ₹692.15 crore in H1 FY26, and net profit rose to ₹82.34 crore from ₹54.18 crore.
- As of 30 September 2026, total assets were ₹1729.23 crore, total equity was ₹1073.58 crore and borrowings were ₹202.91 crore.
How did GNA Axles perform in Q2 FY27?
GNA Axles reported consolidated revenue of ₹521.15 crore for Q2 FY27, up 49.8% from ₹347.94 crore in Q2 FY26 and 10.8% from ₹470.44 crore in Q1 FY27. Total income was ₹522.1 crore, against ₹348.33 crore a year earlier and ₹471.76 crore in the previous quarter. The figures reported here are consolidated; standalone revenue was ₹521.15 crore.
EBITDA was ₹81.50 crore, up 33.3% from ₹61.14 crore in Q2 FY26 and 12.8% from ₹72.25 crore in Q1 FY27. EBITDA margin was 15.6%, down 2.0 percentage points from 17.6% a year earlier but up 0.2 percentage points from 15.4% in the previous quarter. The filing reported unaudited results for the quarter and half year ended 30 September 2026.
Profit before tax rose to ₹60.57 crore from ₹42.36 crore in Q2 FY26 and ₹51.79 crore in Q1 FY27. Net profit increased to ₹44.07 crore from ₹31.19 crore and ₹38.27 crore, respectively. Basic EPS was ₹10.27, compared with ₹7.27 in Q2 FY26 and ₹8.93 in Q1 FY27. There was no exceptional item.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 521.15 | 470.44 | 347.94 | +49.8% | +10.8% |
| Other income | 0.95 | 1.32 | 0.39 | +143.6% | −28.0% |
| Total expenses | 461.54 | 419.96 | 305.96 | +50.8% | +9.9% |
| EBITDA | 81.50 | 72.25 | 61.14 | +33.3% | +12.8% |
| EBITDA margin | 15.6% | 15.4% | 17.6% | −2.0 pp | +0.2 pp |
| Profit before tax | 60.57 | 51.79 | 42.36 | +43.0% | +17.0% |
| Tax | 16.50 | 13.52 | 11.17 | +47.7% | +22.0% |
| Net profit | 44.07 | 38.27 | 31.19 | +41.3% | +15.2% |
| EPS (₹) | 10.27 | 8.93 | 7.27 | +41.3% | +15.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in GNA Axles' costs and profit?
Total expenses increased to ₹461.54 crore in Q2 FY27 from ₹305.96 crore in Q2 FY26, a difference of ₹155.58 crore or 50.8%. Cost of materials was ₹329.15 crore, up ₹102.29 crore or 45.1%; employee cost rose ₹11.20 crore or 55.6% to ₹31.33 crore; and other expenses increased ₹39.63 crore or 74.0% to ₹93.18 crore.
Finance costs were ₹3.61 crore, up ₹0.52 crore or 16.8% from the year-ago quarter, while depreciation was ₹18.28 crore, up ₹2.21 crore or 13.8%. Other income increased to ₹0.95 crore from ₹0.39 crore, a difference of ₹0.56 crore. Tax expense rose to ₹16.50 crore from ₹11.17 crore, a difference of ₹5.33 crore or 47.7%. No exceptional item was reported.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 329.15 | 226.86 | +102.29 | +45.1% |
| Employee cost | 31.33 | 20.13 | +11.20 | +55.6% |
| Finance costs | 3.61 | 3.09 | +0.52 | +16.8% |
| Depreciation | 18.28 | 16.07 | +2.21 | +13.8% |
| Other expenses | 93.18 | 53.55 | +39.63 | +74.0% |
| Total expenses | 461.54 | 305.96 | +155.58 | +50.8% |
| Other income | 0.95 | 0.39 | +0.56 | +143.6% |
| Tax | 16.50 | 11.17 | +5.33 | +47.7% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, consolidated revenue was ₹991.59 crore, up 43.3% from ₹692.15 crore in H1 FY26. Total income increased to ₹993.86 crore from ₹693.78 crore, while profit before tax rose to ₹112.36 crore from ₹73.74 crore.
Net profit for the first half was ₹82.34 crore, up 52.0% from ₹54.18 crore in H1 FY26. Basic EPS increased to ₹19.18 from ₹12.62. The board approved the unaudited consolidated and standalone results for the quarter and half year ended 30 September 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 991.59 | 692.15 | +43.3% |
| Profit before tax | 112.36 | 73.74 | +52.4% |
| Net profit | 82.34 | 54.18 | +52.0% |
| EPS (₹) | 19.18 | 12.62 | +52.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹1729.23 crore, compared with ₹1520.21 crore at 31 March 2026. Total equity was ₹1073.58 crore against ₹1004.11 crore, and borrowings were ₹202.91 crore against ₹183.88 crore. Cash stood at ₹2.64 crore, compared with ₹0.51 crore at the previous balance sheet date.
Inventories increased to ₹312.64 crore from ₹247.74 crore, trade receivables rose to ₹698.27 crore from ₹610.9 crore, and trade payables increased to ₹369.23 crore from ₹272.31 crore. H1 FY27 operating cash flow was ₹61.15 crore, compared with ₹151.19 crore in H1 FY26; investing cash flow was negative ₹56.15 crore against negative ₹81.39 crore, and financing cash flow was negative ₹2.88 crore against negative ₹50.23 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,729 | 1,520 |
| Total equity | 1,074 | 1,004 |
| Borrowings | 202.91 | 183.88 |
| Cash and equivalents | 2.64 | 0.51 |
| Inventories | 312.64 | 247.74 |
| Trade receivables | 698.27 | 610.90 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 61.15 | 151.19 |
| Cash from investing | −56.15 | −81.39 |
| Cash from financing | −2.88 | −50.23 |
| Capital expenditure | 58.42 | 78.21 |
Source: Company's results filing (XBRL).
How has GNA Axles done over the last 8 quarters?
Revenue rose year on year in each of the last 4 quarters and profit rose year on year in each of the last 5 quarters. Revenue reached a low of ₹344.21 crore in Q1 FY26 and a high of ₹521.15 crore in Q2 FY27, while net profit moved from a low of ₹22.99 crore in Q1 FY26 to a high of ₹44.07 crore in the latest quarter.
EBITDA margin was 13.3% in Q4 FY25, peaked at 18.5% in Q3 FY26 and fell to 13.9% in Q4 FY26. It then rose to 15.4% in Q1 FY27 and 15.6% in Q2 FY27, while revenue and profit continued to move higher in the latest quarter.
How did GNA Axles shares react?
| After the filing | Stock | Auto Components & Equipments median |
|---|---|---|
| 5 minutes | +1.7% | |
| 15 minutes | +2.3% | |
| 30 minutes | −0.8% | |
| Reaction day | −3.2% | −2.1% |
| Next day | +7.0% | −1.3% |
| 5 days | +1.9% | −1.2% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 16 July 2026 | +8.4% |
| 8 May 2026 | −10.0% |
| 6 February 2026 | +7.4% |
| 1 November 2025 | +3.2% |
| 25 July 2025 | −7.9% |
| 21 April 2025 | +14.3% |
| 10 January 2025 | −0.7% |
| 18 October 2024 | −1.5% |
Source: MarketPing price-reaction measurement.
How did other Auto Components & Equipments companies do?
Among the 46 other Auto Components & Equipments companies compared for the quarter, the median revenue growth was 33.6%. GNA Axles’ revenue growth was higher than that of 38 peers and lower than that of 8 peers, with 37 of the 47 peers reporting higher profit.
| GNA Axles revenue growth (YoY) | +49.8% |
|---|---|
| Median of 46 other Auto Components & Equipments companies | +33.6% |
| Companies with slower revenue growth than GNA Axles | 38 of 46 |
| Companies with faster revenue growth than GNA Axles | 8 of 46 |
| Companies whose net profit rose | 37 of 47 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was GNA Axles' revenue in Q2 FY27?
Revenue from operations was ₹521.15 crore, up 49.8% from ₹347.94 crore in Q2 FY26 (consolidated).
Did GNA Axles make a profit in Q2 FY27?
Yes. Net profit was ₹44.07 crore, against a net profit of ₹31.19 crore in Q2 FY26.
What was GNA Axles' EPS in Q2 FY27?
Basic earnings per share were ₹10.27, against ₹7.27 in Q2 FY26.
How did GNA Axles shares react to the Q2 FY27 results?
On the reaction day the stock moved −3.2% from the previous close; the median Auto Components & Equipments stock moved −2.1%.
When did GNA Axles announce its Q2 FY27 results?
On 23 October 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Quarterly Results For Quarter And Half Year Ended 30.09.2026 (BSE, 14 October 2026) · PDF
- Outcome of Board Meeting (NSE, 23 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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