G.G. Automotive Gears Ltd posted a strong financial performance for the first quarter ended June 30, 2025, with net profit surging over 111% year-on-year to ₹2.60 crore, up from ₹1.24 crore in the corresponding quarter last year.
Revenue from operations rose to ₹28.01 crore, marking a 10.6% increase compared to ₹25.32 crore in Q1 FY25. Total income stood at ₹28.02 crore, including other income of ₹0.017 crore. Total expenses amounted to ₹24.33 crore, resulting in a profit before tax of ₹3.70 crore.
The board, in its meeting held on July 14, also approved the allotment of 4.90 lakh equity shares upon conversion of the same number of convertible warrants. The company received ₹2.21 crore for the conversion. These warrants were originally allotted to promoter Bela Gajra in November 2023 on a preferential basis.
The company clarified there was no deviation in the use of proceeds from the warrant conversion and reported no outstanding defaults on loans or debt securities.
The unaudited financial results were reviewed by the Audit Committee and approved by the board. The statutory auditors conducted a limited review and did not report any material discrepancies.
G.G. Automotive Gears Ltd. is a leading manufacturer of traction gears and pinions, based out of Dewas, Madhya Pradesh in India. Established in 1974, the company undertakes to manufacture of traction gears as a strategic shift from its traditional business of automotive gears.