FAG Bearings India net surges 90.08% for Third Quarter in 2010

Resource from: CBCC Likes:2952

Oct 26,2010

FAG Bearings India disclosed a phenomenal rise in standalone net profit for the quarter ended September 2010. During the quarter, the profit of the company rose 90.08% to Rs 314.40 million from Rs 165.40 million in the same quarter previous year. Net sales for the quarter for the quarter rose 33.59% to Rs 2,723.90 million, while total income for the quarter rose 34.50% to Rs 2,767.30 million, when compared with the prior year period. It reported earnings of Rs 18.92 a share during the quarter, registering 90.15% growth over prior year period. Shares of the company gained Rs 20.8, or 2.38%, to trade at Rs 896.30. The total volume of shares traded was 1,797 at the BSE (11.22 a.m., Monday).

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