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Galaxy Bearings - Quaterly Results

09 Aug 2024 Evaluate
Net sales declined -21.38%  to  Rs. 227.53 million from Rs. 289.40 millions.The Net Profit of the company registered a slight decline of -4.51% to Rs. 33.24  millions from Rs. 34.81 millions.Operating Profit saw a handsome growth to 53.49 millions from 49.83 millions in the quarter ended June 2024.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202406 202306 % Var 202406 202306 % Var 202403 202303 % Var
Sales 227.53 289.40 -21.38 227.53 289.40 -21.38 1271.16 1186.80 7.11
Other Income 21.49 15.38 39.73 21.49 15.38 39.73 68.27 27.02 152.66
PBIDT 53.49 49.83 7.34 53.49 49.83 7.34 277.31 236.55 17.23
Interest 3.03 0.51 494.12 3.03 0.51 494.12 5.02 2.82 78.01
PBDT 50.46 49.32 2.31 50.46 49.32 2.31 272.29 233.73 16.50
Depreciation 4.36 4.01 8.73 4.36 4.01 8.73 18.04 17.41 3.62
PBT 46.10 45.31 1.74 46.10 45.31 1.74 254.25 216.32 17.53
TAX 12.86 10.50 22.48 12.86 10.50 22.48 65.80 56.86 15.72
Deferred Tax 3.35 2.19 52.97 3.35 2.19 52.97 14.76 1.00 1376.00
PAT 33.24 34.81 -4.51 33.24 34.81 -4.51 188.45 159.46 18.18
Equity 31.80 31.80 0.00 31.80 31.80 0.00 31.80 31.80 0.00
PBIDTM(%) 23.51 17.22 36.53 23.51 17.22 36.53 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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