Galaxy Bearings - Quaterly Results

Galaxy Bearings Ltd. | Bearings | Automobiles | BSE: 526073 | NSE:

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