During Thursday’s trading session, the shares of a leading manufacturer of traction gears and pinions hit a 20 percent circuit to reach a new high at Rs. 194.4 on BSE, after the company reported financial results for Q3 FY25 with a net profit growth of 50 percent QoQ and 156 percent YoY.
With a market cap of Rs. 161.7 crores, the shares of G. G. Automotive Gears Limited closed in the green at Rs. 194.05, up by around 19.8 percent, as compared to its previous closing price of Rs. 162.
What’s the news
The fluctuations in the share prices were observed after GG Automotive Gears Limited announced the financial results for Q3 FY25, through the recent filings with the BSE.
For Q3 FY25, GG Automotive Gears reported revenue from operations of Rs. 29.2 crores, reflecting a significant growth of around 11 percent QoQ from Rs. 26 crores in Q2 FY25, and increased by about 31.3 percent YoY from Rs. 19.8 crores in Q3 FY24.
The company’s net profit for Q3 FY25 grew to Rs. 2.61 crores, representing a rise of around 50 percent QoQ from Rs. 1.74 crores in Q2 FY25, and a year-on-year growth of nearly 156 percent from Rs. 1.02 crores in Q3 FY24.
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Shareholding Pattern
As per the December 2024 shareholding pattern, the Promoters hold a 36.49 percent stake in the company, while Retail Investors hold a 63.51 percent stake in GG Automotive Gears.
About the company
Founded in 1974, G. G. Automotive Gears Limited is a fully integrated organization, proficient in developing and manufacturing a wide range of locomotive and industrial gears and pinions, gearboxes, and forged components. It has been a market leader in automotive gears for the last 44 years.
The company’s products serve diverse industries, including railways, metro systems, oil & gas, defence, wind energy, and power transmission, among others.
Written by Shivani Singh
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