FAG Bearings India Ltd has announced the Unaudited financial results for the quarter ended September 30, 2008.

The Company has posted a net profit of Rs 311.30 million for the quarter ended September 30, 2008 as compared to net profit of Rs 218.80 million for the quarter ended September 30, 2007. Total Income has increased from Rs 1642.20 million for the quarter ended September 30, 2007 to Rs 2192.40 million for the quarter ended September 30, 2008.

The company has reported an Earnings Per Share (EPS) of Rs.18.73 for the Quarter ending September 30, 2008 compared to EPS of Rs.13.16 during Quarter ended September 30, 2007.

The business of the Company falls under single segment i.e. "Ball / Roller Bearings and related components" for the purpose of Accounting Standard AS-17.

The stock closed the day at Rs.269.95, up by Rs.35.95 or 15.36%. The stock hit an intraday high of Rs.269.95 and low of Rs.232.5.

The total traded quantity was 466 compared to 2 week average of 417.

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