Ahmedabad, February 01, 2025 – Galaxy Bearings Limited (BSE: 526073, GALXBRG) has released its unaudited standalone financial results for the quarter ended December 31, 2024, as approved by the Board of Directors. The results have been reviewed by the Audit Committee and subjected to a Limited Review by J T Shah & Co., Chartered Accountants.
Key Financial Highlights (Standalone)
Quarterly Performance (Q3 FY25)
| Particulars | Q3 FY25 (₹ in Lakhs) | Q2 FY25 (₹ in Lakhs) | Q3 FY24 (₹ in Lakhs) |
|---|---|---|---|
| Revenue from Operations | 1,557.71 | 3,593.73 | 2,597.75 |
| Other Income | 129.00 | 179.42 | 264.73 |
| Total Income | 1,428.10 | 3,773.15 | 2,820.79 |
| Profit Before Tax (PBT) | 169.03 | 660.68 | 660.80 |
| Net Profit (PAT) | 102.54 | 473.06 | 462.65 |
| Basic & Diluted EPS (₹) | 4.80 | 14.86 | 15.87 |
- Revenue from operations declined YoY and QoQ, primarily due to fluctuating market demand.
- Profit Before Tax (PBT) stood at ₹169.03 lakh, significantly lower than the previous quarter.
- Earnings Per Share (EPS) for Q3 FY25 stood at ₹4.80, compared to ₹15.87 in Q3 FY24.
Segmental Performance
- The company operates in a single business segment—Bearings Manufacturing—without any reportable operating segments.
Regulatory & Compliance Matters
- U.S. Sanctions: The company’s name appeared on the U.S. Department of Treasury’s sanctions list (published on October 30, 2024) due to sales of technologies used by Russia in its military operations. The management is actively working to have the company removed from the list.
- Accounting Compliance: The financial results comply with Indian Accounting Standards (Ind AS 34) under Section 133 of the Companies Act, 2013.
Corporate Announcements
- The Board Meeting commenced at 11:30 A.M. IST and concluded at 12:05 P.M. IST.