Galaxy Bearings Ltd Q2 FY24 PAT at Rs. 4.20 crore

GALAXY BEARINGS LTD. has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 34.5710 crores during the period ended September 30, 2023 as compared to Rs. 30.4785 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 4.2009 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 3.4810 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 13.21 for the period ended September 30, 2023 as compared to Rs. 10.95 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 34.5710 crs	₹30.4785 crs	13.43%
Net Profit	₹4.2009 crs	₹3.4810 crs	20.68%
EPS	₹13.21	₹10.95	20.64%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 34.5710 crores during the period ended September 30, 2023 as compared to Rs.31.8646 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.4.2009 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.4.2334 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.13.21 for the period ended September 30, 2023 as compared to Rs.13.31 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 34.5710 crs	₹31.8646 crs	8.49%
Net Profit	₹4.2009 crs	₹4.2334 crs	-0.77%
EPS	₹13.21	₹13.31	-0.75%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.65.0495 crores during the 6 Months period ended September 30, 2023 as compared to Rs.49.6745 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.7.6818 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.5.4944 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.24.16 for the 6 Months period ended September 30, 2023 as compared to Rs.17.28 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹65.0495 crs	₹49.6745 crs	30.95%
Net Profit	₹7.6818 crs	₹5.4944 crs	39.81%
EPS	₹24.16	₹17.28	39.81%

Shares of GALAXY BEARINGS LTD. was last trading in BSE at Rs. 1570.20 as compared to the previous close of Rs. 1558.95. The total number of shares traded during the day was 1595 in over 105 trades.

The stock hit an intraday high of Rs. 1605.00 and intraday low of 1555.00. The net turnover during the day was Rs. 2515481.00.

Source : Equity Bulls

Keywords

GalaxyBearings Q2FY24 H1FY24 ResultUpdate