G G Automotive Gears reports a significant decline in net profit and revenue for the first quarter of FY27, driven by weaker operating income and increased finance expenses, despite some support from other income.
G G Automotive Gears has reported a sharp drop in first-quarter profit for the financial year ending March 2027, as weaker operating revenue and higher finance costs outweighed a jump in other income. The Dewas-based railways gears maker said net profit fell to ₹1.06 crore in the three months to June 30 from ₹2.60 crore a year earlier, while revenue from operations slid 43% to ₹15.86 crore.
The company’s total income fell to ₹16.08 crore from ₹28.02 crore in the same period last year, according to the unaudited results approved by the board on August 6. Total expenses eased to ₹14.49 crore from ₹24.33 crore, helped by lower material consumption and employee costs, but finance costs rose to ₹73.56 lakh from ₹45.88 lakh, adding pressure to profit before tax, which declined to ₹1.59 crore from ₹3.70 crore.
Other income rose to ₹22.17 lakh from ₹1.73 lakh, offering some support to the bottom line, although it remained small relative to the fall in core business revenue. Earnings per share slipped to ₹1.07 from ₹2.60. The results were reviewed by the audit committee and subjected to limited review by statutory auditor S.N. Gadiya & Co., with the company saying the statements were prepared in line with applicable accounting standards.
The latest quarterly figures follow a stronger full year for FY26, when G G Automotive Gears reported net profit of ₹11.12 crore on revenue of ₹116.37 crore. Business Standard reported in May that the company’s March quarter profit had already eased 19.91% year on year, even though full-year profit for FY26 rose 43.48%. Alongside the quarterly numbers, the board also approved the closure of the register of members and share transfer books for the company’s 52nd annual general meeting, which will be held by video conference or other audio visual means. Hemant Shetye has been appointed as scrutiniser for e-voting and G Rawat & Associates will act as internal auditor for FY27.
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