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Galaxy Bearings Q2 FY27 results: net profit ₹1.49 crore vs ₹2.15 crore loss, revenue up 52.9%
Galaxy Bearings Limited reported standalone revenue of ₹23.09 crore and a net profit of ₹1.49 crore for Q2 FY27, compared with a net loss of ₹2.15 crore in Q2 FY26. EBITDA turned to ₹2.61 crore from a loss of ₹1.43 crore, while profit fell from ₹2.99 crore in Q1 FY27 as other income declined.
Key points
- Revenue was ₹23.09 crore in Q2 FY27, up 52.9% from ₹15.10 crore in Q2 FY26 and 44.8% from ₹15.95 crore in Q1 FY27.
- EBITDA was ₹2.61 crore in Q2 FY27, compared with a loss of ₹1.43 crore in Q2 FY26; the margin improved to 11.3% from -9.5%.
- Net profit was ₹1.49 crore in Q2 FY27, versus a net loss of ₹2.15 crore in Q2 FY26 and ₹2.99 crore in Q1 FY27.
- Basic EPS was ₹4.69 in Q2 FY27, against a loss of ₹6.77 per share in Q2 FY26 and ₹9.4 in Q1 FY27.
- H1 FY27 revenue was ₹39.04 crore, up 22.0% from ₹31.99 crore, while net profit was ₹4.79 crore versus ₹0.44 crore in H1 FY26.
How did Galaxy Bearings perform in Q2 FY27?
Galaxy Bearings reported standalone revenue of ₹23.09 crore for Q2 FY27, up 52.9% from ₹15.10 crore in Q2 FY26 and 44.8% from ₹15.95 crore in Q1 FY27. Total income was ₹23.5 crore in the quarter, against ₹15.08 crore a year earlier and ₹18.88 crore in the previous quarter. The results are on a standalone basis.
EBITDA in Q2 FY27 was ₹2.61 crore, compared with a loss of ₹1.43 crore in Q2 FY26 and ₹1.81 crore in Q1 FY27. The EBITDA margin was 11.3%, up 20.8 percentage points from -9.5% a year earlier and down 0.1 percentage points from 11.4%. Profit before tax was ₹2.22 crore, against a loss of ₹2.43 crore in Q2 FY26 and ₹3.98 crore in Q1 FY27.
The company reported a net profit of ₹1.49 crore for Q2 FY27, compared with a net loss of ₹2.15 crore in Q2 FY26 and ₹2.99 crore in Q1 FY27. Basic EPS was ₹4.69, against a loss of ₹6.77 per share in Q2 FY26 and ₹9.4 in Q1 FY27. The net profit margin was 6.5%, compared with -14.3% a year earlier and 18.7% in the previous quarter.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 23.09 | 15.95 | 15.10 | +52.9% | +44.8% |
| Other income | 0.41 | 2.93 | −0.03 | −86.0% | |
| Total expenses | 21.28 | 14.90 | 17.51 | +21.5% | +42.8% |
| EBITDA | 2.61 | 1.81 | −1.43 | turned to profit | +44.2% |
| EBITDA margin | 11.3% | 11.4% | -9.5% | +20.8 pp | −0.1 pp |
| Profit before tax | 2.22 | 3.98 | −2.43 | turned to profit | −44.2% |
| Tax | 0.73 | 0.99 | −0.28 | −26.3% | |
| Net profit | 1.49 | 2.99 | −2.15 | turned to profit | −50.2% |
| EPS (₹) | 4.69 | 9.40 | −6.77 | turned to profit | −50.1% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Galaxy Bearings' costs and profit?
Total expenses were ₹21.28 crore in Q2 FY27, up 21.5% from ₹17.51 crore in Q2 FY26 and 42.8% from ₹14.90 crore in Q1 FY27. Cost of materials consumed rose ₹6.05 crore from the year-ago quarter and ₹6.33 crore from the previous quarter, while other expenses fell ₹0.07 crore from Q2 FY26 and rose ₹4.37 crore from Q1 FY27. Employee benefits expense increased ₹0.36 crore from the year-ago quarter and ₹0.37 crore from the previous quarter.
Finance costs fell ₹0.17 crore from ₹0.55 crore in Q2 FY26 to ₹0.38 crore in Q2 FY27, while depreciation and amortisation fell ₹0.01 crore from ₹0.43 crore to ₹0.42 crore. Other income was ₹0.41 crore, compared with a loss of ₹0.03 crore in Q2 FY26 and ₹2.93 crore in Q1 FY27. Tax expense was ₹0.73 crore, compared with a tax credit of ₹0.28 crore a year earlier and ₹0.99 crore in the previous quarter.
There was no exceptional item in Q2 FY27, Q2 FY26 or Q1 FY27. The filing did not state reasons for the changes in the cost lines or other income. The statutory auditor’s limited review noted that the company could not access US dollar and euro markets through the official market after its inclusion on the US Treasury’s SDN List, and that OFAC removed the company’s designation from the list on 30 June 2026.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 12.32 | 6.27 | +6.05 | +96.5% |
| Employee cost | 1.98 | 1.62 | +0.36 | +22.2% |
| Finance costs | 0.38 | 0.55 | −0.17 | −30.9% |
| Depreciation | 0.42 | 0.43 | −0.01 | −2.3% |
| Other expenses | 10.46 | 10.53 | −0.07 | −0.7% |
| Total expenses | 21.28 | 17.51 | +3.77 | +21.5% |
| Other income | 0.41 | −0.03 | +0.44 | |
| Tax | 0.73 | −0.28 | +1.01 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Galaxy Bearings reported standalone revenue of ₹39.04 crore, up 22.0% from ₹31.99 crore in H1 FY26. Total income was ₹42.38 crore, up 22.8% from ₹34.52 crore, while profit before tax rose to ₹6.19 crore from ₹1.04 crore.
Net profit for the first half was ₹4.79 crore, compared with ₹0.44 crore in H1 FY26. Basic EPS increased to ₹15.06 from ₹1.38. The H1 figures are standalone and cover the period ended 30 September 2026.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 39.04 | 31.99 | +22.0% |
| Profit before tax | 6.19 | 1.04 | +495.2% |
| Net profit | 4.79 | 0.44 | +988.6% |
| EPS (₹) | 15.06 | 1.38 | +991.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As on 30 September 2026, total assets were ₹154.1 crore, compared with ₹139.53 crore on 31 March 2026. Total equity was ₹114.86 crore against ₹110.08 crore, borrowings were ₹20.59 crore against ₹18.13 crore, and cash was ₹0.29 crore against ₹0.26 crore. Inventories rose to ₹27.24 crore from ₹18.93 crore, trade receivables to ₹38.47 crore from ₹38.1 crore, and trade payables to ₹14.45 crore from ₹6.88 crore.
H1 FY27 operating cash flow was ₹0.55 crore, compared with ₹6.38 crore in H1 FY26. Investing cash flow was negative ₹2.21 crore against negative ₹2.67 crore, financing cash flow was positive ₹1.68 crore against negative ₹3.73 crore, and capital expenditure was ₹3.46 crore against ₹0.68 crore. Closing cash was not provided in the figures.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 154.10 | 139.53 |
| Total equity | 114.86 | 110.08 |
| Borrowings | 20.59 | 18.13 |
| Cash and equivalents | 0.29 | 0.26 |
| Inventories | 27.24 | 18.93 |
| Trade receivables | 38.47 | 38.10 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.55 | 6.38 |
| Cash from investing | −2.21 | −2.67 |
| Cash from financing | 1.68 | −3.73 |
| Capital expenditure | 3.46 | 0.68 |
Source: Company's results filing (XBRL).
How has Galaxy Bearings done over the last 8 quarters?
Revenue reached its highest level in the listed series at ₹29.95 crore in Q4 FY25 and its lowest at ₹14.7 crore in Q3 FY26. It rose to ₹23.09 crore in Q2 FY27 from ₹15.95 crore in Q1 FY27. The latest revenue reading remained below the Q4 FY25 peak.
Net profit was highest at ₹4.14 crore in Q4 FY25 and bottomed at a loss of ₹2.15 crore in Q2 FY26. It was ₹1.49 crore in Q2 FY27 after ₹2.99 crore in Q1 FY27. The EBITDA margin peaked at 24.6% in Q3 FY25, bottomed at -9.5% in Q2 FY26 and stood at 11.3% in Q2 FY27.
How did Galaxy Bearings shares react?
Galaxy Bearings’ shares rose 0.2% after 5 minutes and 0.7% after 15 minutes following the filing, before falling 1.8% after 30 minutes. On the reaction day, the stock fell 0.9% from its previous close, compared with a 0.9% rise for the other stocks in the Abrasives & Bearings industry. The Nifty Microcap 250 rose 0.4%, so Galaxy Bearings underperformed the benchmark by 1.9 percentage points.
By the next day’s close, the stock was up 1.0% from its pre-results close, while the industry median was up 0.7% and the Nifty Microcap 250 was up 2.1%. By the fifth session’s close, Galaxy Bearings was up 4.8%, compared with a 4.6% rise for the industry median and a 1.8% rise for the benchmark. Earlier reaction-day moves included gains of 5.2% on 7 August 2026 and 5.4% on 10 February 2026, and declines of 2.3% on 28 October 2025 and 2.4% on 23 May 2025.
| After the filing | Stock | Abrasives & Bearings median |
|---|---|---|
| 5 minutes | +0.2% | |
| 15 minutes | +0.7% | |
| 30 minutes | −1.8% | |
| Reaction day | −0.9% | +0.9% |
| Next day | +1.0% | +0.7% |
| 5 days | +4.8% | +4.6% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 7 August 2026 | +5.2% |
| 2 May 2026 | −0.3% |
| 10 February 2026 | +5.4% |
| 28 October 2025 | −2.3% |
| 8 August 2025 | +2.4% |
| 23 May 2025 | −2.4% |
| 28 October 2024 | +1.2% |
| 9 August 2024 | −3.8% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Galaxy Bearings' revenue in Q2 FY27?
Revenue from operations was ₹23.09 crore, up 52.9% from ₹15.10 crore in Q2 FY26 (standalone).
Did Galaxy Bearings make a profit in Q2 FY27?
Yes. Net profit was ₹1.49 crore, against a net loss of ₹2.15 crore in Q2 FY26.
What was Galaxy Bearings' EPS in Q2 FY27?
Basic earnings per share were ₹4.69, against a loss of ₹6.77 in Q2 FY26.
How did Galaxy Bearings shares react to the Q2 FY27 results?
On the reaction day the stock moved −0.9% from the previous close; the median Abrasives & Bearings stock moved +0.9%.
When did Galaxy Bearings announce its Q2 FY27 results?
On 26 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration Of Unaudited Financial Results Of The Company For Quarter And Half Year Ended On September 30, 2026 (BSE, 19 October 2026) · PDF
- Results-Financial Results For 30-09-2026 (BSE, 26 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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