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GNA Axles Ltd.
14 Jan 2019, 01:06PM
Auto parts company GNA Axles delivers revenue, net profit growth, sees higher costs

Auto parts manufacturer GNA Axles (which is in six stock screeners) announced December quarter results that delivered double digit revenue and net profit growth. The company however saw falling operating profit margins due to higher costs in Q3, and margins fell 1.76% YoY. Management was bullish on the company prospects in FY19, saying growth in the financial year would be 35%+. The comments have driven up share prices. 

Overall, GNA Axles reported Q3 profit rising 41.6% to Rs 18 crore, and revenue increasing 47.5% YoY. For the full results dashboard click here.

GNA Axles Ltd. is trading below its 50 day SMA of 314.1
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