How has been the historical performance of Galaxy Bearings?

Answer:The historical performance of Galaxy Bearings shows a fluctuating trend in net sales, with a peak of 127.12 Cr in Mar'24 and a decline to 104.22 Cr in Mar'25. The total operating income followed a similar pattern, decreasing from 127.12 Cr in Mar'24 to 104.22 Cr in Mar'25. The raw material cost also decreased from 63.35 Cr in Mar'24 to 45.42 Cr in Mar'25, contributing to a total expenditure reduction from 106.22 Cr to 85.05 Cr over the same period. Operating profit, excluding other income, was 19.17 Cr in Mar'25, slightly down from 20.90 Cr in Mar'24, while the overall operating profit decreased from 27.73 Cr to 21.70 Cr. Profit before tax dropped from 25.42 Cr in Mar'24 to 18.53 Cr in Mar'25, leading to a profit after tax of 13.71 Cr in Mar'25 compared to 18.84 Cr in Mar'24. The earnings per share (EPS) also fell from 59.25 in Mar'24 to 43.11 in Mar'25. On the balance sheet, total assets increased from 126.27 Cr in Mar'24 to 149.75 Cr in Mar'25, while total liabilities rose from 126.27 Cr to 149.75 Cr, primarily due to an increase in short-term borrowings. The book value per share improved from 293.17 in Mar'24 to 335.75 in Mar'25, indicating a strengthening equity position despite the decline in profitability.

Breakdown:
Galaxy Bearings experienced a decline in net sales from 127.12 Cr in Mar'24 to 104.22 Cr in Mar'25, with total operating income reflecting this decrease. The raw material costs also fell, contributing to a reduction in total expenditure. Operating profit, excluding other income, decreased slightly, while profit before tax and profit after tax both saw declines. Despite these profitability challenges, the company's total assets and liabilities increased, indicating growth in its balance sheet. The book value per share rose, suggesting an improvement in equity, even as earnings per share fell significantly. Overall, the company faced a mixed performance with declining profitability but an expanding asset base.