Q1 FY 2022-23 Numbers

GNA Axles Ltd – engaged in the Business of manufacturing auto components for the four-wheeler industry has posted its Q1 FY2022-23 numbers today.

Revenue from Operation

The Company has generated revenues of, on a consolidated basis, INR 375.19 Cr for the first quarter ended 30 June 2022 as compared to INR 300.48 Cr for the same period last year, registering a growth of 24.86% Y-O-Y basis,

While the company has generated a revenue of INR 328.96 Cr for the last quarter, ended 31 March 2022, a growth of 14.05% Q-O-Q basis,

Here are the details of gna axles products mix

Expenses

INR 339.14 Cr as on 30 June 2022,

INR 275.96 Cr as on 30 June 2021,

INR 289.43 Cr as on 31 March 2022

Profit

The Company has registered a PAT of INR 27 crore for the first quarter ended 30 June 2022 as compared to INR 18.11 crore for the corresponding period last year, reporting a growth of 49% Y-O-Y basis;

However on a Q-O-Q basis the profit of the company de-grew by 8.35% on account of higher raw material prices (PAT of INR 29.46 crore for the quarter ended 31 March 2022)

EPS (Basic) stood as follows –

INR 12.59 as on 30 June 2022,

INR 8.44 as on 30 June 2021,

INR 13.73 as on 31 March 2022

Daily Chart –

gna axles share closed at INR 632.90 (DOWN 3.43%) on the NSE when the market closed last Friday with a volume of 85,330 shares.

GNA Axles Ltd is currently trading 43% below when compared to its 52-week high of INR 1112.

Final Comment: The Company has delivered good numbers for the quarter, where the top-line registered healthy growth on both Y-O-Y and Q-O-Q basis. PAT was down marginally for the quarter due to high RM. Finblab has a positive view on the company.

Also Read: Q1 numbers of POLYPLEX CORPORATION LIMITED

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