Galaxy Bearings Ltd — Results, 23-05-2025: Result

Galaxy Bearings Limited has announced a board meeting on May 23, 2025, where it approved the financial results for the quarter and half-year. The company reported revenue from operations at Rs. 2995.15 lakh for the quarter and Rs. 10,421.86 lakh for the year, with a profit before tax of Rs. 561.82 lakh for the quarter and Rs. 1,852.50 lakh for the year. Net profit stood at Rs. 413.71 lakh for the quarter and Rs. 1,371.15 lakh for the year. The company remains under US OFAC sanctions since October 2024 due to alleged dealings benefiting Russia, impacting access to USD and EURO via official markets. Management has applied for expedited removal from the sanctions list. New appointments include a secretarial auditor for five years, reappointment of the cost auditor, and appointment of an internal auditor for FY 2025-26.