GNA Axles LimitedQ2 FY27 Results & Financial Update
GNA Axles Limited: Q2 FY27 consolidated results and company financials – revenue ₹521.15 Cr, PAT ₹44.07 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore GNA Axles Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
GNA Axles Limited reported consolidated revenue from operations of INR 521.15 crore for the quarter ended September 30, 2026, marking an increase of 10.78% compared to INR 470.44 crore in the preceding quarter.
Total income for Q2 FY27 stood at INR 522.10 crore, supported by other income of INR 0.95 crore, compared to INR 471.76 crore in the first quarter of the fiscal year.
Profit before tax (PBT) reached INR 60.57 crore for the quarter, advancing 16.95% sequentially from INR 51.79 crore in Q1 FY27.
Net profit after tax (PAT) for the quarter was reported at INR 44.07 crore, representing a sequential growth of 15.15% over the INR 38.27 crore recorded in the previous quarter.
Basic and diluted earnings per share (EPS) for Q2 FY27 stood at INR 10.27, compared to INR 8.93 in Q1 FY27.
Finance costs for the quarter were recorded at INR 3.61 crore, remaining stable compared to INR 3.72 crore in the previous quarter.
Depreciation and amortisation expenses for the period were INR 18.28 crore, showing minimal variation from the INR 18.06 crore reported in Q1 FY27.
During the quarter ended September 30, 2026 (Q2 FY27), GNA Axles reported consolidated revenue from operations of INR 521.15 crore, marking a sequential expansion of 10.78% compared to INR 470.44 crore registered in Q1 FY27.
01 · Business model
What does GNA Axles do?
GNA Axles Limited is a manufacturer of automotive transmission components, specializing in the design and production of rear axle shafts, spindles, and other precision forged parts for commercial vehicles and off-highway equipment.
The company serves major original equipment manufacturers (OEMs) across domestic and international markets, operating specialized manufacturing facilities equipped with modern forging and machining lines.
The economic model relies on high-volume production of safety-critical drivetrain components, leveraging dedicated forging capacities, metallurgy expertise, and long-standing customer relationships with global automotive giants.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹521.15 Cr | ₹470.44 Cr |
| Total income | ₹522.10 Cr | ₹471.76 Cr |
| Profit before tax | ₹60.57 Cr | ₹51.79 Cr |
| Profit after tax | ₹44.07 Cr | ₹38.27 Cr |
| EPS | ₹10.27 | ₹8.93 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 8.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 11.6% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.95 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations rose to INR 521.15 crore in Q2 FY27 from INR 470.44 crore in Q1 FY27, reflecting higher sequential billing volumes.
Total income reached INR 522.10 crore, incorporating INR 0.95 crore of other income alongside core operational sales.
Revenue from operations increased by 10.78% sequentially to reach INR 521.15 crore in Q2 FY27 from INR 470.44 crore in Q1 FY27.
What drove margins
PAT margin improved sequentially to 8.46% in Q2 FY27 from 8.14% in Q1 FY27, driven by operating leverage and stable cost structures.
Depreciation stood at INR 18.28 crore and finance costs at INR 3.61 crore, both remaining well-contained relative to the expanded revenue base.
Depreciation and amortisation expense for Q2 FY27 was stable at INR 18.28 crore (compared to INR 18.06 crore in Q1 FY27), while finance costs remained modest at INR 3.61 crore.
04 · Reported developments
What changed operationally
Both PBT and PAT exhibited double-digit sequential growth rates of 16.95% and 15.15% respectively over Q1 FY27.
PAT expanded by 15.15% sequentially to INR 44.07 crore, driven by a higher volume of business and operating leverage.
05 · Items worth noticing
The line items that can distort a quick read
The company reported provisions of INR 22.72 crore for the quarter ended September 30, 2026.
06 · Beyond the numbers
What changed beyond the numbers
Reported update
Tax Provision
Tax expense for the quarter was recorded at INR 16.50 crore compared to INR 13.52 crore in the preceding quarter.
07 · Previous-quarter changes
What changed since the previous quarter
Compared to Q1 FY27, revenue grew by 10.78% and PAT increased by 15.15%.
Revenue advanced from INR 470.44 crore in Q1 FY27 to INR 521.15 crore in Q2 FY27.
08 · Key Q&A
The quarter, answered directly
What does GNA Axles do?
GNA Axles Limited is a manufacturer of automotive transmission components, specializing in the design and production of rear axle shafts, spindles, and other precision forged parts for commercial vehicles and off-highway equipment.
What is the clearest takeaway from Q2 FY27?
GNA Axles Limited reported consolidated revenue from operations of INR 521.15 crore for the quarter ended September 30, 2026, marking an increase of 10.78% compared to INR 470.44 crore in the preceding quarter.
What drove revenue or demand?
Revenue from operations rose to INR 521.15 crore in Q2 FY27 from INR 470.44 crore in Q1 FY27, reflecting higher sequential billing volumes.
What mattered most for margins or profitability?
PAT margin improved sequentially to 8.46% in Q2 FY27 from 8.14% in Q1 FY27, driven by operating leverage and stable cost structures.
What changed operationally beyond the headline numbers?
Tax expense for the quarter was recorded at INR 16.50 crore compared to INR 13.52 crore in the preceding quarter.
What should the next disclosure help confirm?
Monitor upcoming quarterly financial filings for continued revenue traction and margin stability.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Financial Reporting: Monitor upcoming quarterly financial filings for continued revenue traction and margin stability.
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