Galaxy Bearings Ltd posts higher PAT of Rs. 3.14 crore in Q2FY22

GALAXY BEARINGS LTD. has reported Standalone financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 25.1612 crores during the period ended September 30, 2021 as compared to Rs. 17.4194 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 3.1425 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 2.3791 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 9.88 for the period ended September 30, 2021 as compared to Rs. 7.48 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 25.1612 crs	₹17.4194 crs	44.44%
Net Profit	₹3.1425 crs	₹2.3791 crs	32.09%
EPS	₹9.88	₹7.48	32.09%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 25.1612 crores during the period ended September 30, 2021 as compared to Rs.16.2238 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.3.1425 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.2.0811 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.9.88 for the period ended September 30, 2021 as compared to Rs.6.54 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 25.1612 crs	₹16.2238 crs	55.09%
Net Profit	₹3.1425 crs	₹2.0811 crs	51.00%
EPS	₹9.88	₹6.54	51.07%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.42.5806 crores during the 6 Months period ended September 30, 2021 as compared to Rs.29.5135 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.5.5216 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.3.4622 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.17.36 for the 6 Months period ended September 30, 2021 as compared to Rs.10.94 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹42.5806 crs	₹29.5135 crs	44.27%
Net Profit	₹5.5216 crs	₹3.4622 crs	59.48%
EPS	₹17.36	₹10.94	58.68%

Shares of GALAXY BEARINGS LTD. was last trading in BSE at Rs. 392.25 as compared to the previous close of Rs. 396.00. The total number of shares traded during the day was 4750 in over 159 trades.

The stock hit an intraday high of Rs. 415.80 and intraday low of 390.00. The net turnover during the day was Rs. 1901972.00.

Source : Equity Bulls

Keywords

GalaxyBearings Q2FY22 H1FY22 ResultUpdate