Board Meeting Details

A meeting of the Board of Directors was held on October 30, 2026, from 03:25 PM to 05:45 PM.

Key Board Approvals

1. Financial Results Approval

The Board approved:

  • Standalone and consolidated unaudited financial results for quarter and half year ended September 30, 2026
  • Statement of assets and liabilities
  • Cash flow statement
  • Limited review report as required under Regulations 33 and 52 of SEBI Listing Regulations
  • Disclosures under Regulation 52(4)
  • Statement of Utilization of Issue Proceeds & Statement of Deviation and Variation in use of Issue Proceeds of Non-Convertible Debt Securities

2. Dividend Declaration

  • Interim Dividend of ₹2.15 per share (face value ₹1 each)
  • Record date: Friday, November 06, 2026
  • Payment date: On or before Saturday, November 28, 2026

3. Related Party Transactions

Disclosure of Related Party Transactions pursuant to Regulation 23(9) filed as part of Integrated Filing (Financial) with BSE and NSE through XBRL Mode.

Standalone Financial Performance (Amount in ₹ Million)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹13,991.79 (vs ₹11,402.74 in Q2 FY26)
  • Total Income: ₹14,076.10 (vs ₹11,499.89)
  • Profit before tax: ₹885.81 (vs ₹824.67)
  • Net Profit after tax: ₹683.85 (vs ₹612.56)
  • EPS: ₹3.79 (vs ₹3.46)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹26,734.26 (vs ₹22,119.55)
  • Total Income: ₹27,005.35 (vs ₹22,287.85)
  • Profit before tax: ₹1,884.05 (vs ₹1,606.87)
  • Net Profit after tax: ₹1,443.53 (vs ₹1,208.71)
  • EPS: ₹8.07 (vs ₹6.82)

Key Financial Ratios (Standalone)

  • Operating Margin: 7.12% (Q2 FY27), 7.57% (H1 FY27)
  • Net Profit Margin: 4.89% (Q2 FY27), 5.40% (H1 FY27)
  • Debt Equity Ratio: 0.27 (vs -0.53 in Q2 FY26)
  • Current Ratio: 1.78

Consolidated Financial Performance (Amount in ₹ Million)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from operations: ₹16,079.96 (vs ₹13,083.24)
  • Profit before tax: ₹1,481.69 (vs ₹1,301.28)
  • Net Profit after tax: ₹1,239.69 (vs ₹1,070.52)
  • EPS: ₹6.80 (vs ₹6.01)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from operations: ₹30,336.79 (vs ₹25,426.82)
  • Profit before tax: ₹2,814.29 (vs ₹2,559.08)
  • Net Profit after tax: ₹2,320.95 (vs ₹2,125.09)
  • EPS: ₹12.84 (vs ₹11.93)

Capital Structure Changes

  • Paid-up equity share capital increased to ₹191.63 million from ₹143.64 million (March 31, 2026)
  • Increase due to preferential allotment of 14,404,204 equity shares to promoter

Significant Corporate Developments

1. Scheme of Arrangement

  • Composite Scheme approved by Board on June 30, 2025
  • Involves merger of Anchemco India Private Limited with Asia Investments Private Limited (effective April 1, 2025)
  • Subsequent demerger and transfer of Automotive Undertaking of Asia Investments to Gabriel India (effective April 1, 2026)
  • Scheme approved by NCLT vide order dated May 11, 2026
  • Financial results restated using pooling of interest method

2. Major Acquisitions

HL Mando Anand India Private Limited Acquisition (Completed September 11, 2026)
  • Acquired 28.99% equity stake (48,134,427 shares) from Asia Investments Private Limited
  • Total consideration: ₹22,310 million
  • Payment: ₹18,810 million through preferential allotment of 14,404,204 equity shares + ₹3,500 million cash
  • Accounted as investment in associate under Ind AS 28
HL Klemove India Private Limited Acquisition (Completed August 25, 2026)
  • Acquired 37,844,999 equity shares at consideration of USD 98.44 million
  • Stake acquired: 29.99%
  • Accounted on provisional basis as investment in associate

3. Joint Venture Formation

  • Board approved JV with Faurecia Automotive Seating India Private Limited on October 06, 2026
  • JV company incorporated on October 19, 2026 as Faurecia Anand Seating India Private Limited
  • Initial investment: ₹200.00 million
  • Shareholding: FASI - 50% plus one share, Gabriel - 50% less one share

4. Fund Raising

  • Raised ₹10,000 million through unsecured, listed NCDs via private placement
  • NCD details: Face value ₹100,000 each, coupon rate 8.15% p.a., issued September 10, 2026
  • Next interest payment: September 10, 2027 (₹815.00 million)
  • Principal repayment: September 10, 2029
  • Funds utilized: ₹998.77 million during the quarter
  • No deviation in use of proceeds

Exceptional Items

  • Exceptional item of ₹133.46 million in FY26 related to employee past service obligations from implementation of four labour codes effective November 21, 2025
  • No exceptional items in current period

Cash Flow Highlights (Standalone)

  • Net cash inflow from operating activities: ₹780.24 million (H1 FY27)
  • Net cash outflow from investing activities: ₹10,190.14 million (mainly due to acquisitions)
  • Net cash inflow from financing activities: ₹9,583.37 million (mainly from borrowings)

Asset and Liability Position (Standalone)

  • Total assets: ₹57,277.45 million (vs ₹23,746.31 million as of March 31, 2026)
  • Total equity: ₹34,217.59 million (vs ₹14,520.63 million)
  • Borrowings: ₹11,217.35 million (non-current) + ₹73.44 million (current lease liabilities)

Audit and Review

  • Financial results reviewed by Price Waterhouse Chartered Accountants LLP
  • Review conducted under SRE 2410
  • No material misstatement identified
  • Includes financial information from other auditors for acquired businesses

Subsidiaries and Associates

Key entities include:

  • Inalfa Gabriel Sunroof Systems Private Limited (100% subsidiary)
  • Gabriel Europe Engineering Centre (100% subsidiary)
  • Jinhap Gabriel Auto India Private Limited (51% subsidiary)
  • Anand CY Myutec Automotive Private Limited (76.13% subsidiary)
  • SK Enmove Gabriel India Private Limited (49% associate)
  • Dana Anand India Private Limited (25.10% associate)
  • Henkel Anand India Private Limited (49% associate)
  • HL Mando Anand India Private Limited (28.99% associate, from Sept 11, 2026)
  • HL Klemove India Private Limited (29.99% associate, from Aug 25, 2026)