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SNL Bearings reports Profit after tax of Rs 19.00 Mln, in the December 2021 quarter

04 Feb 2022 Evaluate
The sales is pegged at Rs. 102.40 millions for the December 2021 quarter. The mentioned figure indicates decline with the sales recorded at Rs. 122.30 millions during the year-ago period.The Company to register a -33.33%  fall in the net profit for the quarter ended December 2021.The company reported a degrowth in operating Profit to 28.70 millions from 41.00 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202112 202012 % Var 202112 202012 % Var 202103 202003 % Var
Sales 102.40 122.30 -16.27 328.40 239.50 37.12 364.70 341.40 6.82
Other Income 2.60 2.20 18.18 8.10 6.60 22.73 7.40 7.20 2.78
PBIDT 28.70 41.00 -30.00 103.30 57.10 80.91 94.40 65.70 43.68
Interest 0.00 0.10 0.00 0.00 0.80 0.00 0.80 0.20 300.00
PBDT 28.70 40.90 -29.83 103.30 56.30 83.48 93.60 65.50 42.90
Depreciation 3.70 2.80 32.14 10.40 7.20 44.44 10.00 10.10 -0.99
PBT 25.00 38.10 -34.38 92.90 49.10 89.21 83.60 55.40 50.90
TAX 6.00 9.60 -37.50 23.40 12.40 88.71 21.70 13.90 56.12
Deferred Tax 0.30 -0.20 -250.00 0.90 0.10 800.00 0.20 0.10 100.00
PAT 19.00 28.50 -33.33 69.50 36.70 89.37 61.90 41.50 49.16
Equity 36.10 36.10 0.00 36.10 36.10 0.00 36.10 36.10 0.00
PBIDTM(%) 28.03 33.52 -16.40 31.46 23.84 31.94 25.88 19.24 34.50
Peers
Company Name CMP
Schaeffler India 3886.15
Timken India 3101.25
SKF India 1451.35
NRB Bearings 543.65
Menon Bearings 288.55
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