19 Sep 2020 | 7:58 PM


Galaxy Bearing Q3 net profit zooms 114.44% at Rs 1.93 cr
  Galaxy Bearings Ltd. | 16 Jan 2020 | 03:41 PM
Published on 02-09-2019
The company reported standalone net profit of Rs 1.93 crore for the quarter ended December 31 2018 as compared to Rs 0.90 crore in the same period last year registering a year-on-year growth of 114.44 per cent.

Net revenue of the company rose moderately by 6.29 per cent at Rs 15.72 crore in October-December quarter of this fiscal as against Rs 14.79 crore in the corresponding period last year.

During October-December quarter operating expenses dropped by 6.14 per cent to Rs 12.84 crore from Rs 13.68 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.19 crore versus (Dec`17 Rs 0.57 crore).

Operating Profit surged by 159.46 per cent to Rs 2.88 crore as against Rs 1.11 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 144.40 per cent in December quarter.

Interest grew by 10.00 per cent y-o-y to Rs 0.22 crore while Taxation increased by 134.38 per cent at Rs 0.75 crore (Dec`17 Rs 0.32 crore).