S N L Bearings standalone quarterly profit rises 36.90%
Source: IRIS | 29 Jul, 2014, 02.10PM
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Rating: NAN / 5 stars. |
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S N L Bearings announced a substantial rise in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company rose 36.90% to Rs 11.50 million. The company has reported profit of Rs 8.40 million in the same quarter previous year. Net sales for the quarter rose 28.66% to Rs 63.30 million, compared with Rs 49 million for the prior year period. The company is an anti friction bearing solution provider. It offers effective and reliable end-to-end bearing solutions to its customers across the globe.
Quarterly Results - Standalone (Rs in mn) | As at | Jun - 14 | Jun - 13 | %Change | Net Sales | 63.30 | 49.20 | 28.66 | Net Profit | 11.50 | 8.40 | 36.90 | Basic EPS | NA | NA | | Shares of the company declined Rs 2.2, or 4.92%, to trade at Rs 42.55. The total volume of shares traded was 1,990 at the BSE (3.32 p.m., Monday).
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