FAG Bearings: Q2CY17 Result

FAG Bearings reported its results for the quarter ended June 30, 2017 today.

The company's total sales for Q2CY17 came in at Rs 495.3 crore, which represents a 0.42 per cent sequential decline and 2 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs 68.35 crore and its EBIT margin stood at 13.8 per cent.

The company reported PAT of Rs 53.9 crore, which represents a sequential QoQ decline of 6.1 per cent and a YoY increase of 16.41 per cent.

The company's stock opened at Rs. 4594 on the BSE and recorded intra-day high and low of Rs 4701.3 and Rs 4501.3, respectively.

FAG Bearings manufactures and sells ball and roller bearings in India. It offers ball bearings, cylindrical roller bearings, spherical roller bearings, tapered roller bearings and wheel bearings.