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Bimetal Bearings - Quaterly Results

06 Aug 2022 Evaluate
A decent increase of about 37.75% in the sales to Rs. 539.13 millions was observed for the quarter ended June 2022. The sales figure stood at Rs. 391.37 millions during the year-ago period.Handsome Net Profit growth of 63.48% reported above the corresponding previous quarter figure of Rs. 13.16 millions to Rs. 8.05 millions.OP of the company witnessed a marginal growth to 34.42 millions from 26.65 millions in the same quarter last year.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202206 202106 % Var 202206 202106 % Var 202203 202103 % Var
Sales 539.13 391.37 37.75 539.13 391.37 37.75 1969.28 1584.64 24.27
Other Income 8.91 10.86 -17.96 8.91 10.86 -17.96 38.81 55.41 -29.96
PBIDT 34.42 26.65 29.16 34.42 26.65 29.16 118.16 97.34 21.39
Interest 1.03 0.71 45.07 1.03 0.71 45.07 4.37 4.77 -8.39
PBDT 33.39 25.94 28.72 33.39 25.94 28.72 113.79 92.57 22.92
Depreciation 15.04 15.01 0.20 15.04 15.01 0.20 62.71 55.08 13.85
PBT 18.35 10.93 67.89 18.35 10.93 67.89 51.08 37.49 36.25
TAX 5.19 2.88 80.21 5.19 2.88 80.21 14.03 -1.97 -812.18
Deferred Tax -0.39 0.78 -150.00 -0.39 0.78 -150.00 5.33 4.25 25.41
PAT 13.16 8.05 63.48 13.16 8.05 63.48 37.05 39.46 -6.11
Equity 38.25 38.25 0.00 38.25 38.25 0.00 38.25 38.25 0.00
PBIDTM(%) 6.38 6.81 -6.24 6.38 6.81 -6.24 6.00 6.14 -2.32
Peers
Company Name CMP
Schaeffler India 4005.30
Timken India 3205.30
SKF India 1538.30
NRB Bearings 534.75
Menon Bearings 295.50
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