Galaxy Bearings Q3FY22 PAT higher at Rs. 3.17 crores

GALAXY BEARINGS LTD. has reported Standalone financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 27.8745 crores during the period ended December 31, 2021 as compared to Rs. 25.1613 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 3.1774 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 3.1425 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 9.99 for the period ended December 31, 2021 as compared to Rs. 9.88 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 27.8745 crs	₹25.1613 crs	10.78%
Net Profit	₹3.1774 crs	₹3.1425 crs	1.11%
EPS	₹9.99	₹9.88	1.11%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 27.8745 crores during the period ended December 31, 2021 as compared to Rs.17.9062 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.3.1774 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.2.3737 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.9.99 for the period ended December 31, 2021 as compared to Rs.7.46 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 27.8745 crs	₹17.9062 crs	55.67%
Net Profit	₹3.1774 crs	₹2.3737 crs	33.86%
EPS	₹9.99	₹7.46	33.91%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.70.4551 crores during the 9 Months period ended December 31, 2021 as compared to Rs.47.4197 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.8.6989 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.5.8359 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.27.36 for the 9 Months period ended December 31, 2021 as compared to Rs.18.35 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹70.4551 crs	₹47.4197 crs	48.58%
Net Profit	₹8.6989 crs	₹5.8359 crs	49.06%
EPS	₹27.36	₹18.35	49.10%

Shares of GALAXY BEARINGS LTD. was last trading in BSE at Rs. 375.25 as compared to the previous close of Rs. 370.95. The total number of shares traded during the day was 222 in over 18 trades.

The stock hit an intraday high of Rs. 383.00 and intraday low of 369.35. The net turnover during the day was Rs. 83104.00.

Source : Equity Bulls

Keywords

GalaxyBearings Q3FY22 9MFY22 ResultUpdate