Friday, February 18, 2011

FAG Bearings IndialTD = Q/E % Y/E DECEMBER 2010 = GOOD PERFORMANCE





FAG Bearings India Limited

NSE Symbol FAGBEARING

Quarterly & Annual results for P/E Dec 2010

FAG BEARINGS INDIA LTD  has declared its results for the calendar year 2010.

NET SALES is Rs.    1040 cr – up by      30.39% from CY 2009 and up by 39.72% from CY 2008.

TOTAL EXPENDITURE is Rs.880 cr – up by 23.15% from CY 2009 and up by 43.36% from CY 2008.

Profit from operations is Rs.169 cr – up by 62.04% from CY 2009 and up by CY 2008.

NET PROFIT  is Rs.122 cr – up by 85.38% from CY 2009 and by 26.93% from CY 2008.

Basic EPS  (in Rs.) is Rs.73.11      - compared to Rs.39.44 in CY 2009 and Rs.57.6 in CY 2008.

RESULTS TABLE :

CY 2010
Net Sales
104008
79769
74441
DIF %1
1040
30.39
39.72
Other Operating Income
851
2096
1566
Incr./Decr. in SIT / WIP
-1208
4223
-5357
Raw Materials
33256
23735
23880
Traded goods
29207
22626
22221
Employees Cost
7995
6388
6674
Depreciation
2011
2008
2059
Other Expenditure
16741
12482
11907
Total Expenditure
88002
71462
61384
DIF %2
880
23.15
43.36
Profit from Operations
16857
10403
14623
DIF %3
169
62.04
15.28
Other Income
1676
777
598
Interest
89
70
48
Exceptional items
256
1152
438
Profit before tax
18188
9958
14735
Tax Expense
6038
3404
5163
Net Profit
12150
6554
9572
DIF %4
122
85.38
26.93
Dividend (%)
50
45
45
Face Value (in Rs.)
10
10
10
Paid-up Equity
1662
1662
1662
Reserves
55461
44283
38804
Basic EPS  (in Rs.)
73.11
39.44
57.6
Public Shareholding (%)
48.7
48.7
48.7


QUARTERLY RESULTS COMPARISON

NET SALES for the Q/E  Dec 2010  is Rs.263 cr – down by 2.83% from previous qtr and up by 21.46% from corresponding Qtr of Last year.

Total Expenditure is Rs.219 cr – down by 4.47% from previous qtr and up by 11.05% from corresponding qtr of last year.

Profit from Operations is Rs.47 cr – up by 9.45% from previous Qtr and up by a Huge 113.49% from corresponding Qtr of last year.

Net Profit is Rs.34 cr – up by 7.35% from previous qtr and up by a huge 105.17% from corresponding Qtr of last year.

 Basic EPS is Rs.20.31 – compared to Rs.18.92 in previous qtr and Rs.9.9 in corresponding qtr of last year.

Both Annual and Quarterly results are very Good.

Current MP is Rs.862.At the annual EPS of Rs.73, which is likely to improve further in coming qtrs - it is hardly discounted 12 times in PE ratio. It is a good buy for medium to long term investors.

RESULTS TABLE :

FAG BEARING
31-Dec-10
30-Sep-10
31-Dec-09
Net Sales
26266
27030
21625
DIF %1
263
-2.83
21.46
Other Operating Income
354
209
309
Increase/decrease in SIT / WIP
-676
8
185
Raw Materials
9081
8593
6963
 Traded Goods
6302
7079
6713
Employees Cost
2212
1951
1659
Depreciation
506
500
513
Other Expenditure
4479
4799
3692
Total Expenditure
21904
22930
19725
DIF %2
219
-4.47
11.05
Profit from Operations
4716
4309
2209
DIF %3
47
9.45
113.49
Other Income5
567
434
246
Interest6
27
24
21
Exceptional Items7
256
-
-
Profit before tax
5000
4719
2434
Tax expense
1625
1575
789
Net Profit
3375
3144
1645
DIF %4
34
7.35
105.17
Dividend (%)
50
-
45
Face Value (In Rs
10
10
10
Paid Up Equity
1662
1662
1662
Basic EPS
20.31
18.92
9.9
Public Holding (%)
48.7
48.7
48.7


17-02-2011 Fag Bearings India Limited has informed the Exchange that the Board of Directors of Company in its meeting held on February 17, 2011 has recommended a dividend for the year ended December 31, 2010 at the rate of Rs. 5.00 (2009-Rs 4.50) per equity share.

* * *  E N D  * * *

No comments:

Post a Comment