Galaxy Bearings
478.00
-7.00(-1.44%)
Market Cap₹151.97 Cr
PE Ratio24.21
Company Performance:
1D-1.44%
1M0.00%
6M-42.97%
1Y-32.61%
5Y+137.99%
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More news about Galaxy Bearings
27Oct 25
Galaxy Bearings Reports Q2 Loss, Grapples with US Sanctions, and Appoints New Company Secretary
Galaxy Bearings Limited reported a net loss of ₹6.77 lakhs in Q2 2025, compared to a profit of ₹8.15 lakhs in Q2 2024. Revenue decreased by 10.56% to ₹1,510.21 lakhs. The company's performance was significantly impacted by US sanctions imposed in October 2024. Galaxy Bearings incurred ₹25.59 crores in legal expenses to address the sanctions. The company appointed Mrs. Bhumikaben Mukeshbhai Teli as the new Company Secretary and Compliance Officer. The 35th AGM is scheduled for November 25, 2025.
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08Aug 25
Galaxy Bearings Reports Q1 FY2026 Results Amid Ongoing US Sanctions Challenge
Galaxy Bearings Limited released unaudited Q1 FY2026 results, showing resilience despite US Treasury sanctions imposed in October 2024. The company reported revenue of Rs. 1,688.54 lakhs, net profit of Rs. 259.21 lakhs, and EPS of Rs. 8.15. Galaxy Bearings faced challenges accessing USD and EURO markets and potential disruptions to international operations due to sanctions. The company has engaged US legal counsel to request removal from the Specially Designated Nationals list, asserting unawareness of its products being associated with sanctioned entities.
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Galaxy Bearings
478.00
-7.00
(-1.44%)
1 Year Returns:-32.61%
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Galaxy Bearings
478.00
(-1.44%)