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Date: 2013-10-23

SNL Bearings standalone quarterly profit plunges 43.1%

SNL Bearings announced a substantial drop in standalone net profit for the quarter ended September 2013. During the quarter, the profit of the company declined 43.10% to Rs 6.60 million from Rs 11.60 million in the same quarter previous year.

Net sales for the quarter rose marginally 0.50% to Rs 60.40 million, compared with Rs 60 million for the prior year period.

Quarterly Results - Standalone (Rs in mn)
As at Sep - 13 Sep - 12 %Change
Net Sales 60.40 60.10 0.50
Net Profit 6.60 11.60 (43.10)
Basic EPS NA NA

Shares of the company declined Rs 0.8, or 4.44%, to trade at Rs 17.20. The total volume of shares traded was 856 at the BSE (2.09 p.m., Tuesday).
(SNL Bearings)


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