Galaxy Bearings Limited has announced the financial results for the quarter and half-year, reporting total income from operations at Rs. 29.95 Cr for the quarter and Rs. 104.22 Cr for the year.

Net profit after tax stood at Rs. 4.14 Cr for the quarter and Rs. 13.71 Cr for the year.

Earnings per share were Rs. 13.01 (basic and diluted) quarterly and Rs. 43.12 yearly on a Rs. 10 share capital.

The company is primarily engaged in the ball and roller bearings business.

It has applied for removal from the US Treasury's sanctions list, which could positively impact its global operations.