GNA Axles Ltd.

NSE: GNA | BSE: 540124 | ISIN: INE934S01014 |Industry: Auto Parts & Equipment
|Turnaround Potential
247.70 5.00 (2.06%)
NSE Oct 23, 2020 15:31 PM
Volume: 65,962
 

GNA Axles Ltd.    
30 May 2018
IDBI Capital
Net Revenue grew by +62% YoY / +23% QoQ to Rs20.4bn, above our consensus estimates. Domestic revenue grew +45% YoY / +23% QoQ to Rs1.1bn on account of higher volume from domestic tractor and M&HCV; goods segment. Export revenue grew +65% YoY / +23% QoQ to Rs932mn led by robust demand in NA class 8 market. Top-line performance driven by volume growth of tractor and NA Class 8 volumes. Tractor sales volume for the industry grew +44% YoY/ -4% QoQ to 170,847 units. NA Class 8 orders grew +104% YoY / +28% QoQ to 136,200 units. Gross margin for the quarter declined -380 bps QoQ due to higher RM cost. RM cost for the quarter...
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GNA Axles Ltd. is trading above all available SMAs
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