GNA Axles' 15.64% margin beats peer median by 3.22 points
Other income was only Rs 0.95 cr against Rs 60.57 cr of profit before tax, while depreciation and interest remained the main deductions below operating profit.
Filed 23 Oct 2026, 13:52 IST · GNA Axles Ltd (GNA)
Key takeaways
- GNA Axles reported consolidated Q2FY27 net profit of Rs 44.07 cr on revenue of Rs 521.15 cr.
- Its 15.64% operating margin was 3.36 percentage points above the 12.28% median for 40 Consumer Discretionary peers.
- The stock traded -3.48% on the filing day after opening +1.71%.
Price around the results
Q2FY27 profit was mainly operational
GNA Axles delivered Rs 44.07 cr of consolidated net profit from Rs 521.15 cr of revenue, with operating profit of Rs 81.50 cr. Other income was Rs 0.95 cr against profit before tax of Rs 60.57 cr, indicating that reported earnings were not materially dependent on non-operating income.
Interest and depreciation narrowed the operating-to-PBT bridge
Interest of Rs 3.61 cr and depreciation of Rs 18.28 cr reduced operating profit to profit before tax of Rs 60.57 cr. Tax absorbed 27.24% of profit before tax, leaving net profit at Rs 44.07 cr and EPS at Rs 10.27.
Margin was ahead of 40 reported sector peers
GNA Axles' 15.64% operating margin was 3.36 percentage points above the Consumer Discretionary peer median of 12.28%, placing its reported profitability above the sector benchmark. The stock traded -3.48% on the filing day, despite opening +1.71%; volume was 1.38 times the reference level.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹521 cr |
| Other income | ₹1 cr |
| Expenses | ₹440 cr |
| Operating profit | ₹82 cr |
| Operating margin (%) | 15.64% |
| Interest | ₹4 cr |
| Depreciation | ₹18 cr |
| Profit before tax | ₹61 cr |
| Tax | ₹17 cr |
| Net profit | ₹44 cr |
| EPS (₹) | ₹10.27 |
Operating margin of 15.64% compares with a Consumer Discretionary sector median of 12.28% across 40 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -3.48% | -3.10% |
Volume on the results session was 1.38× its 20-day average.
What to watch
- Whether operating margin remains above 15.64%.
- Whether expenses remain below Rs 439.65 cr as revenue changes from Rs 521.15 cr.
- Whether other income stays close to Rs 0.95 cr, keeping earnings less dependent on non-operating income.