Fag Bearings Q1CY17 Results :Revenues jumped 11% yoy
DSIJ Intelligence / 21 Apr 2017
The company reported PAT of Rs. 57.4 crore, which represents a sequential QoQ increase of 4.94 per cent and a YoY increase of 38.65 per cent.
Fag Bearing Ltd. reported its results for the quarter ended March, 2017 today.
The company's total sales for Q1CY17 came in at Rs 461.2 crore, which represents a 0.32 per cent sequential decline and 11.67 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs. 70.8 crore and its EBIT margin stood at 15.35 per cent.
The company reported PAT of Rs. 57.4 crore, which represents a sequential QoQ increase of 4.94 per cent and a YoY increase of 38.65 per cent.
The company's stock opened at Rs 4,688 on the BSE, rose 1.95 per cent after the results were declared and was trading trading around Rs 4780 on intra-day basis on April 21.
Fag Bearing India Limited is an Indian bearing production company. The company manufactures wide range of ball/roller bearings. Its products include deep groove ball bearings, four point ball bearings, self-aligning ball bearings, cylindrical roller bearings, spherical roller bearings and tapered roller bearings.
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