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Bimetal Bearings - Quaterly Results

10 Aug 2023 Evaluate
The company witnessed a 9.12% growth in the revenue at Rs. 588.32 millions for the quarter ended June 2023 as compared to Rs. 539.13 millions during the year-ago period.The Net Profit of the company reported a remarkable increase of 119.00% to Rs. 28.82  millions  from Rs. 13.16 millions in previous same quarter.Operating profit surged to 59.38 millions from the corresponding previous quarter of 34.42 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202203 202103 % Var
Sales 588.32 539.13 9.12 2285.05 2508.41 -8.90 1969.28 1584.64 24.27
Other Income 18.30 8.91 105.39 56.85 47.72 19.13 38.81 55.41 -29.96
PBIDT 59.38 34.42 72.52 214.36 152.57 40.50 118.16 97.34 21.39
Interest 1.78 1.03 72.82 6.93 5.40 28.33 4.37 4.77 -8.39
PBDT 57.60 33.39 72.51 207.43 147.17 40.95 113.79 92.57 22.92
Depreciation 17.55 15.04 16.69 67.00 77.76 -13.84 62.71 55.08 13.85
PBT 40.05 18.35 118.26 140.43 69.41 102.32 51.08 37.49 36.25
TAX 11.23 5.19 116.38 39.62 19.21 106.25 14.03 -1.97 -812.18
Deferred Tax -0.40 -0.39 2.56 3.72 4.93 -24.54 5.33 4.25 25.41
PAT 28.82 13.16 119.00 100.81 50.20 100.82 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(%) 10.09 6.38 58.09 9.38 6.08 54.23 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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