Audited Financial Results for the Quarter and Fiancial year ended March 31, 2025.
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On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 1.6 pts less than its Abrasives & Bearings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Galaxy Bearings reported full-year revenue from operations of Rs. 10,421.86 lakhs, down about 18% from Rs. 12,711.60 lakhs in FY24. Profit after tax fell to Rs. 1,371.15 lakhs (FY24: Rs. 1,884.42 lakhs), a roughly 27% decline, while EPS came in at Rs. 43.12 versus Rs. 59.26. The board also approved the appointment of a new Secretarial Auditor and re-appointment of Cost and Internal Auditors. Statutory auditor J.T. Shah & Co. issued an unmodified opinion but included an emphasis-of-matter note flagging the company's placement on the U.S. OFAC sanctions list in October 2024, which has restricted access to USD/EURO through official markets. Operating cash flow turned negative at Rs. (190.85) lakhs compared to a positive Rs. 526.73 lakhs last year, largely due to a sharp rise in trade receivables.
The OFAC sanctions issue remains a material overhang that could affect international payments and business ties, even as the company works on getting its name removed. The revenue and profit decline along with negative operating cash flow signal near-term pressure, though the stock's reaction will hinge on how quickly the OFAC matter is resolved.