fag bearings india ltd (FAG) Snapshot

Fag Bearings India Ltd. at its AGM held on April 25, 2013, approved the final dividend on the paid up equity shares of the company at the rate of INR 5 per equity share for the year 2012.

Fag Bearings India Ltd. approved the appointment of Udo Bauer as director of the company in the annual general meeting held on April 25, 2013.

Fag Bearings India Ltd. announced unaudited standalone earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported profit from operations before other income, finance costs and exceptional items of INR 318.4 million compared to INR 573.1 million reported a year ago. Net profit was INR 254.5 million or INR 15.31 per basic and diluted share before and after extraordinary items compared to net profit of INR 463.1 million or INR 27.86 per basic and diluted before and after extraordinary items share reported a year ago. Income from operations was INR 3,382.9 million compared to INR 3,601.0 million reported a year ago. Profit from ordinary activities before tax was INR 388.5 million against INR 682.5 million a year ago.