Galaxy Bearings Ltd — Board Meeting, 23-05-2025: Board Meeting

Galaxy Bearings Limited has announced a board meeting on which it approved the financial results for the quarter and half-year. The company posted revenue from operations of Rs. 2,995.15 lakh in the latest quarter and Rs. 10,421.86 lakh for the full year. Profit before tax stood at Rs. 561.82 lakh for the quarter and Rs. 1,852.50 lakh for the year, while net profit was Rs. 413.71 lakh quarterly and Rs. 1,371.15 lakh annually. Earnings per share were Rs. 13.01 quarterly and Rs. 43.12 annually. The statutory auditor issued an unmodified opinion. The company remains under US OFAC sanctions impacting its access to USD and EURO markets; legal steps are underway for removal. Board approved the appointment of new secretarial, cost, and internal auditors for FY 2025-26.