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Galaxy Bearings - Quaterly Results

24 May 2024 Evaluate
The sales is pegged at Rs. 389.68 millions for the March 2024 quarter. The mentioned figure indicates decline with the sales recorded at Rs. 430.24 millions during the year-ago period.A meek growth of 3.59% was reported for the quarter ended March 2024 to Rs. 61.16  millions from Rs. 59.04 millions.Operating profit surged to 91.89 millions from the corresponding previous quarter of 91.14 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 389.68 430.24 -9.43 1271.16 1186.80 7.11 1271.16 1186.80 7.11
Other Income 17.16 3.53 386.12 68.27 27.02 152.66 68.27 27.02 152.66
PBIDT 91.89 91.14 0.82 277.31 236.55 17.23 277.31 236.55 17.23
Interest 2.22 1.68 32.14 5.02 2.82 78.01 5.02 2.82 78.01
PBDT 89.67 89.46 0.23 272.29 233.73 16.50 272.29 233.73 16.50
Depreciation 5.57 4.58 21.62 18.04 17.41 3.62 18.04 17.41 3.62
PBT 84.10 84.88 -0.92 254.25 216.32 17.53 254.25 216.32 17.53
TAX 22.94 25.84 -11.22 65.80 56.86 15.72 65.80 56.86 15.72
Deferred Tax 4.30 2.07 107.73 14.76 1.00 1376.00 14.76 1.00 1376.00
PAT 61.16 59.04 3.59 188.45 159.46 18.18 188.45 159.46 18.18
Equity 31.80 31.80 0.00 31.80 31.80 0.00 31.80 31.80 0.00
PBIDTM(%) 23.58 21.18 11.32 21.82 19.93 9.45 21.82 19.93 9.45
Peers
Company Name CMP
Schaeffler India 3672.15
Timken India 2890.80
SKF India 1449.40
NRB Bearings 490.65
Menon Bearings 282.45
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