FAG Bearings to Post 18.50% rise in Q2 Earnings: Angel

Resource from: CBCC Likes:2931

Jul 26,2010

FAG Bearings is slated to announce its Q2CY`10 results. According to Angel Broking, the company is expected to report a rise of 18.50% y-o-y in its net profit to Rs 221 million. Further, according to the brokerage house, the company is expected to deliver 23.50% y-o-y growth in revenue to Rs 2,410 million for the quarter. On the operating front, the company is expected to post a 284 basis point y-o-y improvement in operating profit margin to 15.10%. Stock Performance: The stock has outperformed the market over the past one month till Jul. 22, 2010, rising 23.14% compared with the Sensex`s 2.05% rise. It outperformed the market in past one quarter, gaining 15.11% as against 3.07% rise in the Sensex. Shares of the company declined Rs 6.80, or 1%, to trade at Rs 687. The total volume of shares traded was 7,418 at the BSE (1:20. p.m.).

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