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Galaxy Bearings - Quaterly Results

10 Aug 2023 Evaluate
The turnover is pegged at Rs. 289.40 millions for the June 2023 quarter. The mentioned figure indicates a rise of about 61.76% as against Rs. 178.91 millions during the year-ago period.The Net Profit of the company vaulted to 175.91% to Rs. 34.82  millions from Rs. 12.62 millions in the previous quarter.Operating profit for the quarter ended June 2023 rose to 49.83 millions as compared to 22.20 millions of corresponding quarter ended June 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Sales 289.40 178.91 61.76 289.40 178.91 61.76 1186.80 1040.88 14.02
Other Income 15.38 -0.81 -1998.77 15.38 -0.81 -1998.77 27.02 16.10 67.83
PBIDT 49.83 22.20 124.46 49.83 22.20 124.46 236.55 199.73 18.43
Interest 0.51 0.52 -1.92 0.51 0.52 -1.92 2.82 3.42 -17.54
PBDT 49.32 21.68 127.49 49.32 21.68 127.49 233.73 196.31 19.06
Depreciation 4.01 4.14 -3.14 4.01 4.14 -3.14 17.41 18.04 -3.49
PBT 45.31 17.54 158.32 45.31 17.54 158.32 216.32 178.27 21.34
TAX 10.49 4.92 113.21 10.49 4.92 113.21 56.86 45.40 25.24
Deferred Tax 2.19 -1.38 -258.70 2.19 -1.38 -258.70 1.00 0.41 143.90
PAT 34.82 12.62 175.91 34.82 12.62 175.91 159.46 132.87 20.01
Equity 31.80 31.80 0.00 31.80 31.80 0.00 31.80 31.80 0.00
PBIDTM(%) 17.22 12.41 38.76 17.22 12.41 38.76 19.93 19.19 3.87
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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