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Galaxy Bearings net profit rises 5.77% in the March 2013 quarter

Net profit of Galaxy Bearings rose 5.77% to Rs 1.10 crore in the quarter ended March 2013 as against Rs 1.04 crore during the previous quarter ended March 2012. Sales rose 26.73% to Rs 16.26 crore in the quarter ended March 2013 as against Rs 12.83 crore during the previous quarter ended March 2012.

For the full year,net profit declined 15.38% to Rs 2.09 crore in the year ended March 2013 as against Rs 2.47 crore during the previous year ended March 2012. Sales declined 12.87% to Rs 38.13 crore in the year ended March 2013 as against Rs 43.76 crore during the previous year ended March 2012.

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