Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q2 FY26 Earnings Presentation
49 slides from Gabriel India's earnings presentation, Nov 12, 2025
Slide 1: Regulation 30(2) disclosure cover letter
Date: November 12, 2025 BSE Limited National Stock Exchange of India Limited 25th Floor, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), MUMBAI – 400 001 MUMBAI – 400 051 (Company Code: 505714) (Company Code: GABRIEL) Sub: Disclosure under Regulation 30(2) of SEBI (List
Slide 2: Gabriel India Limited Investor Presentation
Gabriel India Limited Investor Presentation November 2025 1
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form th
Slide 4: Table of Contents
TABLE OF CONTENTS 01 Q2 & H1 FY26 Result Update 02 Corporate Overview 03 Business Overview 04 Strategy Going Forward Slides with no changes from Q1 FY26 have been removed, (like corporate overview). The investors may refer the investor’s presentation of Q1 FY26 for such slides. 3
Slide 5: Q2 & H1 FY26 Standalone Results Update
Q2 & H1 FY26 Standalone Results Update 4
Slide 6: Standalone Financial Highlights – Q2 & H1 FY26
STANDALONE FINANCIAL HIGHLIGHTS – Q2 & H1 FY26 Revenue (Rs. Mn) and revenue growth (%) EBITDA (Rs. Mn) and EBITDA margin (%) PBT (Rs. Mn) and PBT margin (%) YoY=15.4% QoQ=8.3% YoY=18.9% QoQ=5.5% YoY=16.0% QoQ=10.3% 8.7% 9.0% 9.2% 9.0% 7.6% 7.6% 7.5% 7.6% Quarterly 10,661 10,661 813 812.7 956 906 956
Slide 7: Standalone Financial Highlights – H1 FY26
STANDALONE FINANCIAL HIGHLIGHTS – H1 FY26 Balance Sheet Cash Flow Capex Net cash position of Rs. 2,896 Cash Flow from operations Capex incurred during the H1 FY26 to the tune of Rs. 1,130 period Rs. 1,083 Mn as Mn as compared to Rs. 3,293 Mn in H1 FY25 Mn as compared to Rs. compared to Rs. 446 Mn in
Slide 8: Standalone Quarterly Performance Trend
STANDALONE QUARTERLY PERFORMANCE TREND Revenue (Rs. Mn) and revenue growth (%) YoY growth 59.5% 15.4% (%) 14.5% 16.5% 13.6% 8.4% 13.9% 36.1% 6.9% 28.5% 11.8% 7.7% 7.3% 17.3% 10,661 18.3% 7.7% 9,846 9,309 9,240 9,242 13.3% 8,644 8,642 8,586 8,138 8,058 8,029 7,370 7,208 7,110 6,843 5,897 6,061 Q2FY22
Slide 9: Standalone Quarterly Performance Trend
STANDALONE QUARTERLY PERFORMANCE TREND PAT (in Rs. Mn) and PAT margin (%) 6.1% 5.9% 5.7% 5.8% 5.8% 5.7% 5.7% PAT margin 5.4% 607 5.3% 5.3% 557 4.6% 540 540 527 527 512 (%) 4.6% 4.5% 470 4.2% 3.9% 4.1% 429 4.2% 425 369 332 332 292 267 255 249 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2
Slide 10: Standalone Financial Track Record
STANDALONE FINANCIAL TRACK RECORD Revenue (Rs. Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PBT(Rs Mn) & PBT Margin (%) +21.1% CAGR +33.4% CAGR +38.3% CAGR 8.8% 8.9% 9.1% 7.8% 7.5% 7.6% 7.2% 6.0% 6.3% 6.0% 5.4% 36,433 33,426 4.6% 29,717 2,847 3,242 2,930 2,500 23,320 20,506 2,137 1,779 16,948 1,862 1,550
Slide 11: Key Ratios
KEY RATIOS Return on Equity (%) Return on Assets (%) Dividend (Rs/share) & payout 21 25 28 31 32 23.5 Payout % % % % % % Ratio 18.4 18.3 18.8 4.70 15.2 11.5 11.9 11.5 4.00 11.7 9.3 2.6 8.7 6.6 1.90 5.1 1.55 0.90 FY21 FY22 FY23 FY24 FY25 H1 FY26 FY21 FY22 FY23 FY24 FY25 H1 FY26 FY21 FY22 FY23 FY24 FY
Slide 12: Revenue Mix (Including Trading)
REVENUE MIX (INCLUDING TRADING) Segment Mix Channel Mix Aftermarket Mix 64% 44% 23% 89% Q2FY26 Q2FY26 34% 12% 11% Q2FY26 10% 1% 12% 62% 47% 24% 87% Q1FY26 Q1FY26 Q1FY26 35% 13% 13% 7% 1% 11% 65% 44% 23% 88% 34% Q2FY25 Q2FY25 Q2FY25 10% 12% 10% 2% 12% 63% 44% FY25 24% 88% 36% 11% FY25 FY25 12% 8% 2%
Slide 13: Balance Sheet
BALANCE SHEET Assets (Rs. Mn) Sep-25 Mar-25 Mar-24 Equity and Liabilities Sep-25 Mar-25 Mar-24 (Rs. Mn) Non-current assets 7,014 6,179 5,577 Equity 12,358 11,567 10,086 Current assets 13,092 11,681 10,543 Non-Current Liabilities 549 350 356 Current liabilities 7,199 5,943 5,678 Total Assets 20,106 1
Slide 14: Gabriel Anand Vision
GABRIEL ANAND >> VISION TO BE AMONGST THE ] MANUFACTURERS IN THE WORLD EXPORTS MERGERS & ACQUISITIONS DOMESTIC DOMINANCE TECHNOLOGY ADVANCEMENT 13
Slide 15: Our Strategic Business Drivers: Exports
OUR STRATEGIC BUSINESS DRIVERS EXPORTS 14
Slide 16: Elevating Global Presence Through Exports YTD
ELEVATING GLOBAL PRESENCE THROUGH EXPORTS YTD Export Revenues (Rs. Mn) and % of total revenues 4% 3% 3% 3% 3% 3% 4% 2% 3% 4% 3% 3% 3% 341 321 316 304 301 290 286 285 251 237 234 232 196 Europe 20% 31% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 America Asia 29% FY22-23 FY23-24 FY24-25 FY25-26 Africa 15%
Slide 17: Our Strategic Business Drivers: Domestic Dominance
OUR STRATEGIC BUSINESS DRIVERS DOMESTIC DOMINANCE 16
Slide 18: Creating Value Through Domestic Business
CREATING VALUE THROUGH DOMESTIC BUSINESS GIL PERFORMANCE ACROSS SEGMENTS Segment H1 FY26 Market performance H1 FY26 GIL New Programs (Q2 FY26) Top Customers Total Sales contribution Market Share (As per SIAM) performance 2W/ 3W 2W Industry: 5.8% YoY growth in - Sales: 13.6% YoY - TVS Orbiter (SOP) -
Slide 19: Well-Entrenched Among All Emerging Segment Players
WELL– ENTRENCHED AMONG ALL EMERGING SEGMENT PLAYERS Segment Presence with Major OEMs GIL H1 FY26 Performance 62% 2W/3W EV Players GIL E2W market GIL E2W sales slight decline of 2% YoY in share at 62% in H1 FY26 mainly due H1 FY26 to absence in best selling models. 62% 27% Utility Vehicles/ SUV-Coupe
Slide 20: Gabriel Advances Into Future Mobility-Ebikes
GABRIEL ADVANCES INTO FUTURE MOBILITY-EBIKES Upcoming Developments • New fork (patent filed) • Cargo Bike Fork • Two fork models are prepared for customer demonstrations and testing • Several RFQs have been received from prospective clients. • Patent applications submitted for two innovative designs
Slide 21: Gabriel Entry Into Solar Dampers
GABRIEL ENTRY INTO SOLAR DAMPERS • As solar energy continues to play a crucial role in the global shift towards sustainable practices, the reliability and durability of solar panels become paramount. • Solar Tracker - It is a device deployed along with solar panels, to direct it towards the sun. Tra
Slide 22: Gabriel Presence - Railways
GABRIEL PRESENCE- RAILWAYS 1978 2007 2016 2019 2021 2022 2024 Conventional Coach EMU Coach LHB Coach Train 18 Coach WAG 9H Loco Vande Bharat Coach Siemens HP 9000 Loco Shox – 2 Variant Shox – 8 Variant Shox – 6 Variant Shox – 4 Variant Shox – 4 Variant Shox – 4 Variant Shox – 4 Variant 4 Nos / Coach
Slide 23: Aftermarket
AFTERMARKET Aftermarket Mix (%) Aftermarket Sales (Rs. Mn) ) H1 FY26 Performance and Outlook: Allied +15.0% CAGR • Achieved 8.5% YoY sales growth over H1 FY25. 11% • Launched new product line-3W trailing arm 3876 4192 4497 • Launched 156 SKU’s in H1 FY26 2573 3315 1269 • Major focus in B & C class t
Slide 24: Our Strategic Business Drivers: Merger & Acquisition
OUR STRATEGIC BUSINESS DRIVERS MERGER & ACQUISITION 23
Slide 25: IGSSPL (Inalfa Gabriel Sunroof Systems)
IGSSPL (INALFA GABRIEL SUNROOF SYSTEMS) • 2 in every 5 utility vehicles Entered into a JV with now have a sunroof with • Setup a plant in Chennai with an annual penetration as high as 70% production capacity of 200,000 sunroofs for Aspiration to hit Rs. 10 Bn in Netherland based Inalfa Roof revenues
Slide 26: Revised arrangement between Inalfa & Gabriel India for IGSSPL - Update
Revised arrangement between Inalfa & Gabriel India for IGSSPL - Update • On November 12, 2025, the Board of Directors of the Gabriel India accorded their approval for initialization of Revised Joint Venture Revised JV Agreement between the Company, Inalfa Roof Systems Group B.V. (‘Inalfa’) and Inalf
Slide 27: Asset Purchase Agreement
ASSET PURCHASE AGREEMENT • Acquired additional capacity of 3.2 Mn shock absorbers and 1 Mn gas springs. Asset purchase agreement (APA) License agreement and technical • Since all the conditions precedents of between MMAS (Marelli Motherson assistance agreement signed with the aforesaid transaction a
Slide 28: Business Restructuring - Strategic Rationale
BUSINESS RESTRUCTURING - STRATEGIC RATIONALE Transformation of • Transformation of Gabriel (through itself or through its investments) from single product suspension manufacturing company into a diversified, technology Gabriel driven mobility solutions provider, reducing the product concentration ri
Slide 29: Business Restructuring - Transaction Mechanics
BUSINESS RESTRUCTURING - TRANSACTION MECHANICS Scheme Steps Action & Mechanics AIPL and Other Promoters Public Step 1: Appointed Merger of Anchemco into 63.5% 36.5% Date – 1st April, AIPL 2025 Gabriel Demerger of Business (Dampers, Shock absorbers, Front forks & Step 2: Appointed Undertaking (Busine
Slide 30: JV Between Gabriel and Jinhap
JV BETWEEN GABRIEL AND JINHAP An affiliate of JINOS About JINHAP Global Player in Auto and Industrial Fastener Technology and Precision Forged Products Year founded: 1978 Headquarter: Daejeon, South Korea Revenue: ~ 594 Bn KRW (~USD 435 Mn) in CY24 Employees: ~1200 Plant locations: 3 plants in South
Slide 31: Details of the Transaction
DETAILS OF THE TRANSACTION - JV announced between Gabriel India Limited (GIL) and JINHAP Korea (an affiliate of JINOS) to enter the business of fasteners. - GIL would be investing Rs. 268 Mn by way of cash which would lead GIL holding 51% in the JV and making Jinhap Automotive India Private Limited
Slide 32: JV Between Gabriel and SK Enmove
JV BETWEEN GABRIEL AND SK Enmove Part of SK Group About SK Enmove Global Player in Base Oil, Lubricants and Functional Fluids - World’s largest producer of premium base oil with 500 + blending formulations and global presence in Lubricants - Part of SK Group, Korea’s 2nd largest conglomerate Revenue
Slide 33: Details of the Transaction
DETAILS OF THE TRANSACTION - JV between Gabriel India Limited (GIL) and SK Enmove (SKEN) to enter the business of lubricants and functional fluids. - GIL: SKEN to have 49:51 shareholding: GIL to infuse Rs.294 Mn in the equity share capital of the JV Co., in one or more tranches upon its incorporatio
Slide 34: Consolidated Financial Highlights – Q2 & H1 FY26
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q2 & H1 FY26 Revenue (Rs. Mn) PBT (Rs. Mn) EBITDA (Rs. Mn) YoY=14.9% QoQ=7.5% YoY=10.7% YoY=11.8% YoY=17.7% YoY=7.2% 9.6% 9.8% 9.8% 8.0% 7.7% 7.4% 7.7% 9.9% Quarterly 11,803 11,803 10,984 1162 1162 910 910 10,271 1084 987 822 814 Q2FY25 Q2FY26 Q1FY26 Q2FY26 Q2FY25
Slide 35: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Mn) Q2 FY26 Q1FY26 Q2FY25 FY25 FY24 Consolidated P&L Revenue from operations 11,803 10,984 10,271 40,634 34,026 Raw material % to sales 73.8% 73.1% 74.0% 74.1% 75.0% Employee expenses % to sales 6.5% 6.7% 6.3% 6.2% 6.2% Other expenses % to sales
Slide 36: Technological Advancement
TECHNOLOGICAL ADVANCEMENT TECHNOLOGICAL ADVANCEMENT 35
Slide 37: Gabriel Europe Engineering Centre (GEEC)
GABRIEL EUROPE ENGINEERING CENTRE (GEEC) R&D Location for Gabriel R&D Competencies Advanced Damper design Material expertise Damper Control Logics NVH damper test rig Comfort and NVH assessments Vehicle dynamics on car and virtual engineering 36
Slide 38: Gabriel Pune Tech Centre: IGBC Certified Green Building
GABRIEL PUNE TECH CENTRE: “IGBC” CERTIFIED GREEN BUILDING 37
Slide 39: Gabriel Tech Centre: Powering Our Future, Driving Possibilities
GABRIEL TECH CENTRE: POWERING OUR FUTURE, DRIVING POSSIBILITIES TECHNOLOGICAL COLLABORATION/ ASSISTANCE Chakan, Maharashtra PATENTS FILED TILL DATE - 87 PATENTS GRANTED TILL DATE - 32 Hosur, Tamil Nadu 38
Slide 40: R&D, Innovation and Technology: Essential Components for Strategic Evolution
R&D, INNOVATION AND TECHNOLOGY: ESSENTIAL COMPONENTS FOR STRATEGIC EVOLUTION At Gabriel India, our constant endeavors towards investing in R&D, innovation and technology are considered integral to our continuous improvement process. ELEMENTS OF 3- Our R&D technology centers at Hosur and Chakan ( rec
Slide 41: Awards & Accolades During Q2 FY26
AWARDS & ACCOLADES DURING Q2 FY26 GIL received ‘Best Quality Supplier Award’ GIL awarded with the SKOCH GIL received 10 PPM Award for Fourth from Award for maximizing Renewable Consecutive Year from DAF Greaves E-Mobility Energy in Operations
Slide 42: Awards & Accolades During Q2 FY26
AWARDS & ACCOLADES DURING Q2 FY26 GIL’s Chakan plant received Sectoral Supply Chain GIL Hosur won the ‘Diamond’ GIL Nashik won the ‘Silver’ the Eco Edge Certificate from Champion at the 11th India award for manufacturing award for manufacturing CII-ITC at the 20th Global Supply Chain Thought competi
Slide 43: Sustainability Mission
SUSTAINABILITY MISSION TO BE CARBON & WATER NEUTRAL BY 2027 WITH ZERO WASTE TO LANDFILL 42
Slide 44: Sustainability
SUSTAINABILITY Focus area Ambition Status FY25 Status FY24 Waste Management/ Waste All sites to achieve zero waste to landfill (ZWTL) status by 5 out 7 plants achieved 5 out 7 plants achieved zero Stewardship 2027 zero waste to landfill waste to landfill Water Stewardship To achieve water-neutral ope
Slide 45: Corporate Social Responsibility (CSR)
CORPORATE SOCIAL RESPONSIBILITY (CSR) The SNS Foundation (SNSF), established in 1976, serves as the CSR arm of the ANAND Group and operates as an independent non-profit organization. It aligns its initiatives with the United Nations’ Sustainable Development Goals (SDGs), focusing on empowering commu
Slide 46: GIL Leadership
GIL Leadership 45
Slide 47: Board of Directors
BOARD OF DIRECTORS Anjali Singh Mahendra K Goyal Atul Jaggi Executive Chairperson Gabriel India Group President & Group CEO ANAND Group Managing Director Gabriel India Mahua Acharya Pallavi Joshi Bakhru BVR Subbu Non-Executive Independent Director Non-Executive Independent Director Non-Executive Ind
Slide 48: Executive Leadership
EXECUTIVE LEADERSHIP Anand Sontakke Amitabh Srivastava R. Vasudevan Chief Operating Officer- Mohit Srivastava Chief Operating Officer Railways and Aftermarket Chief Marketing Officer Chief Financial Officer Atul Jaggi Managing Director Prashant Shah Koen Reybrouck Vinod Razdan Abdul Wahid Chief Purc
Slide 49: For Further Information, Please Contact
FOR FURTHER INFORMATION, PLEASE CONTACT: Company: Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Nilesh Jain Mr. Jigar Kavaiya / Pratik Shah secretarial@gabriel.co.in jigar.kavaiya@sgapl.net/ p.s.shah@s