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Galaxy Bearings - Quaterly Results

24 May 2024 Evaluate
Net sales declined -9.43%  to  Rs. 389.68 million from Rs. 430.24 millions.Net profit for the quarter ended March 2024 increases to Rs. 61.16  millions from Rs. 59.04 millions.Operating Profit saw a handsome growth to 91.89 millions from 91.14 millions in the quarter ended March 2024.


(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 4005.30
Timken India 3205.30
SKF India 1538.30
NRB Bearings 534.75
Menon Bearings 295.50
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