(Feb 14, 2011)

The city-based Bimetal Bearings Ltd, has reported a decline for the October-December quarter ending December 31, 2010. The company recorded net profit of Rs 1.23 crore against Rs 2.57 crore last year in the corresponding period.

The net income of the company stood at Rs 34.25 crore for the quarter ended December 31, 2010 against Rs 31.96 crore for the quarter ended December 31, 2009. For the third quarter of 2010, the earnings per share (EPS) of the company stood at Rs 3.23 as compared to Rs 6.73 for the quarter ended December 31, 2009.

Bimetal Bearings Limited (BBL) is engaged in manufacturing of engine bearings, bushings, thrust washers, alloy powder and bimetallic strips. BBL has fully integrated manufacturing facilities right from raw material to fully value added finished products. The company has a strong OEM base covering all segments of the automotive spectrum covering passenger cars, MUVs, LCVs, M&HCVs, tractors, industrial engines and two wheelers apart from catering to the requirements of defence and railway establishments.

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