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Fag bearings net falls 13%

Feb 19, 2000

Fag Bearings has posted 13.4% net profit decline in the quarter ending 31st December 1999. Sales in this period fell 5.7%. The company's net profit margins fell to 4.0% of sales from 4.4% last year.

(Rs m) 4QFY2000 4QFY2001 Change
Sales 464.3 492.4 -5.7%
Other Income 20.9 32.3 -35.3%
Expenditure 395.8 421.1 -6.0%
Interest 29.5 37.3 -20.9%
Depreciation 41.3 39.6 4.3%
Profit before Tax 19.0 26.7 -28.8%
Tax (0.2) 5.0 -104.0%
Profit after Tax/(Loss) 18.8 21.7 -13.4%
Net profit margin (%) 4.0% 4.4%  


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