Gabriel India Limited (GIL), market leader in Ride Control products in India, recorded a phenomenal growth in terms of PAT which grew by almost 800% in Q4FY10 on a y-o-y basis. The company also registered a healthy growth as the annual PAT stood at Rs 240.4 million which is up by 328%. The revenue for FY 10 also stood at Rs 7073.1 million against Rs 5336.6 million. The change in revenue has been up by 33%. The EBIDTA for FY10 is Rs 672.1 million as against Rs 56.1 million last year. The EBIDTA is up by 328%.
The total revenue has increased to Rs 1940.8 millions registering a growth rate of 37.6% in Q4FY10 over the corresponding period. The EBITDA also increased from Rs 96.5 million to Rs 176.5 millions, up by 83%.
Commenting on the results and performance, Mr. Prakash Kulkarni, Executive Chairman, Gabriel India Limited said, "We are happy to announce that Gabriel India Ltd., an Anand Group company, has posted a strong performance for the year. We will continue to consolidate and expand our markets with quality, technology and operation efficiency as main drivers. The substantial growth in PAT will also strengthen the faith of our investors in business strategy of Gabriel India. We would also like to thank stakeholders of the company for reposing their faith in our growth."
