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NRB BEARINGS Announces Quarterly Results (1QFY19); Net Profit Up 173.9%

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NRB BEARINGS Announces Quarterly Results (1QFY19); Net Profit Up 173.9%
Mon, 13 Aug

NRB BEARINGS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

NRB BEARINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,9702,3532,339-0.6%18.8%
Other incomeRs m167728-64.1%74.8%
TurnoverRs m1,9862,4312,367-2.6%19.2%
ExpensesRs m1,6951,9321,895-1.9%11.7%
Gross profitRs m27442261044.6%122.4%
DepreciationRs m72738110.9%12.8%
InterestRs m343433-3.0%-4.7%
Profit before taxRs m18439252433.6%184.9%
TaxRs m5712417641.8%209.5%
Profit after taxRs m12726834829.7%173.9%
Gross profit margin%13.917.926.1
Effective tax rate%31.031.733.6
Net profit margin%6.411.014.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 18.8% on a year-on-year (YoY) basis. The expenses were up by 11.7% YoY during the same period.
  • The company's operating profit increased by 122.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.1% in 1QFY19 as against 13.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 12.8% YoY and 4.7% YoY, respectively.
  • Other income increased by 74.8% YoY during the quarter.
  • Net profit for the quarter increased by 173.9% YoY. Net profit margins during the quarter increased from 6.4% in 1QFY18 to 14.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.9% QoQ during the same period.
  • The company's operating profit increased by 44.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.1% in 1QFY19 as against 17.9% in 4QFY18.
  • Net profit for the quarter increased by 29.7% QoQ, while net profit margins increased from 11.0% in 4QFY18 to 14.7% in 1QFY19.

To see how NRB BEARINGS has performed over the last eight quarters, please visit here.

NRB BEARINGS Share Price Performance

Over the last one year, NRB BEARINGS share price has moved up from Rs 111.2 to Rs 179.1, registering a Gain of Rs 67.9 or around 61.1%.

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 179.1, the price to earnings (P/E) ratio of NRB BEARINGS stands at 16.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.9 times.

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May 27, 2019 03:01 PM

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