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News Topical, Digital Desk : GNA Axles has announced the results of the first quarter of FY 2026 before the stock market closed on Friday. The company's profits and income have declined during the quarter. In the information given to the exchange, the company's profit in the first quarter of FY 2026 fell by 8 percent to Rs 23 crore, which was Rs 25 crore in the same quarter a year ago.
The company's total income declined by 8.8 per cent on a year-on-year (YoY) basis to Rs 344.2 crore from Rs 377.5 crore in the same period last year.
Slight decline in EBITDA The company has informed that there has been a slight decline in EBITDA during the June quarter, which declined by 0.6 per cent to Rs 50 crore, while it was Rs 50.30 crore in the same quarter last year. However, the margin has improved and it has increased to 14.53 per cent, which was 13.32 per cent a year ago. GNA Axles Ltd. is a leading automobile transmission components company, especially having expertise in rear axle shafts, spindles, splined shafts, drive shafts and S‑cam shafts etc.
Stock performance After the results, the company's stock has seen a decline of up to 7 per cent. The company's stock was trading at Rs 314.75. In the last one year, the company's stock has seen a decline of 25.10 percent.
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