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Galaxy Bearings - Quaterly Results

03 Nov 2023 Evaluate
A fair growth of 7.85% in the revenue at Rs. 332.30 millions was reported in the September 2023 quarter as compared to Rs. 308.10 millions during year-ago period.Net profit declined -0.80% to Rs. 42.01 millions from Rs. 42.35 millions.Operating profit for the quarter ended September 2023 rose to 61.42 millions as compared to 59.90 millions of corresponding quarter ended September 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202309 202209 % Var 202309 202209 % Var 202303 202203 % Var
Sales 332.30 308.10 7.85 621.70 487.01 27.66 1186.80 1040.88 14.02
Other Income 13.41 10.54 27.23 28.79 9.73 195.89 27.02 16.10 67.83
PBIDT 61.42 59.90 2.54 111.25 82.10 35.51 236.55 199.73 18.43
Interest 0.52 0.13 300.00 1.03 0.65 58.46 2.82 3.42 -17.54
PBDT 60.90 59.77 1.89 110.22 81.45 35.32 233.73 196.31 19.06
Depreciation 4.10 4.23 -3.07 8.11 8.37 -3.11 17.41 18.04 -3.49
PBT 56.80 55.54 2.27 102.11 73.08 39.72 216.32 178.27 21.34
TAX 14.79 13.19 12.13 25.28 18.11 39.59 56.86 45.40 25.24
Deferred Tax 2.89 0.89 224.72 5.08 -0.49 -1136.73 1.00 0.41 143.90
PAT 42.01 42.35 -0.80 76.83 54.97 39.77 159.46 132.87 20.01
Equity 31.80 31.80 0.00 31.80 31.80 0.00 31.80 31.80 0.00
PBIDTM(%) 18.48 19.44 -4.93 17.89 16.86 6.15 19.93 19.19 3.87
Peers
Company Name CMP
Schaeffler India 3558.85
Timken India 3124.65
SKF India 1420.25
NRB Bearings 442.60
Menon Bearings 350.80
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