SNL Bearings Limited
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BSE Code:
505827
NSE Code:
SNL
Business Profile
Business Profile
SNL Bearings (SNL), established in 1983, is engaged in the manufacture and marketing of antifriction bearing products. Formerly known as Shriram Needle Bearing Industries, it acquired its present name with effect from Dec. 21, 2004. The holding company NRB Bearings acquired the company on Jun. 01, 2000.
The ISO 9002 certified company operate in the antifriction bearing industry which is segmented into ball bearings and roller bearings, and offers needle rollers, needle cages, needle bushes, and thrust cages, which find application in gear boxes and propeller shafts, connecting rods, steering systems, chassis and suspensions, and industrial machinery. It has successfully developed and introduced cage-guided drawn cup needle bearings, connecting-rod needle cages for piston pin and crank pin along with other types and ranges of needle bearings. Located at Ranchi in Jharkhand, the manufacturing unit has an installed capacity of 12 million needle roller bushes and cages, and 250 needle rollers.
Products are supplied to a customer base comprising of original equipment manufacturers producing motorcycles, scooters, cars and trucks in India, and the company has made successful inroads into the motorcycle, chainsaw, hand tool and other industrial markets worldwide with established customers in USA, Italy, UK, Portugal, France, Indonesia, Malaysia, Taiwan, Singapore, Thailand, Vietnam, Philippines, UAE and Kenya. Some of the domestic customers include Denso India Tractors, Maruti, Mahindra & Mahindra, Mico, Sona Steering, Telco and TAFE in the four-wheeler industry and Bajaj Auto, Kinetic Honda, Kinetic Engineering and LML in the two-wheeler segment.
The registered office is at Dhannur, 15, Sir P.M. Road, Fort, Mumbai-400001.
Financials
SNL Bearings reported a phenomenal rise in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 60.47% to Rs 6.9 million from Rs 4.3 million in the same quarter last year.
Net sales for the quarter rose 10.73% to Rs 39.2 million, while total income for the quarter rose 6.52% to Rs 39.2 million, when compared with the prior year period.
During the quarter, the company reported earnings of Rs 1.43 a share.