February 23, 2017 / 05:52 PM IST
Gabriel India reported Total revenues of Rs 367 cr (↑4% YoY & ↓6%QoQ)), the EBIDTA stood at Rs 35 cr (↑13% annually & ↓6% QoQ) with EBIDTA margin at 9.5% (expansion of 62 bps (YoY). Reported net profit stood at Rs 18.8 cr (↑7% YoY & ↓12% QoQ).
Outlook
Being an approved vendor to Indian Railways, Gabriel would also benefit from the capital expenditure taken at Indian Railways esp. those which will be replacing the imported components. Increase in number of shock absorbers per coach for the new coaches will also open up big business opportunity for Gabriel. We recommend HOLD.
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