X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
NRB BEARINGS Announces Quarterly Results (2QFY19); Net Profit Up 37.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

NRB BEARINGS Announces Quarterly Results (2QFY19); Net Profit Up 37.7%
Mon, 12 Nov

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

NRB BEARINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,0822,3392,5107.3%20.6%
Other incomeRs m362895240.3%164.2%
TurnoverRs m2,1182,3672,60510.1%23.0%
ExpensesRs m1,6991,8952,0498.2%20.6%
Gross profitRs m383610461-24.4%20.4%
DepreciationRs m768180-1.2%6.4%
InterestRs m363333-0.3%-10.5%
Profit before taxRs m307524443-15.4%44.3%
TaxRs m95176152-13.9%58.9%
Profit after taxRs m211348291-16.2%37.7%
Gross profit margin%18.426.118.4
Effective tax rate%31.133.634.2
Net profit margin%10.014.711.2
* 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 20.6% on a year-on-year (YoY) basis. The expenses were up by 20.6% YoY during the same period.
  • The company's operating profit increased by 20.4% YoY during the quarter. Consequently, operating profit margins remained same and stood at 18.4% in 2QFY19.
  • Depreciation charges increased by 6.4% and finance costs declined by 10.5% YoY, respectively.
  • Other income increased by 164.2% YoY during the quarter.
  • Net profit for the quarter increased by 37.7% YoY. Net profit margins during the quarter increased from 10.0% in 2QFY18 to 11.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.2% QoQ during the same period.
  • The company's operating profit declined by 24.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.4% in 2QFY19 as against 26.1% in 1QFY18.
  • Net profit for the quarter declined by 16.2% QoQ, while net profit margins declined from 14.7% in 1QFY18 to 11.2% in 2QFY19.

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 144.1 to Rs 178.0, registering a Gain of Rs 33.9 or around 23.5%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 178.0, the price to earnings (P/E) ratio of NRB BEARINGS stands at 15.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

Equitymaster requests your view! Post a comment on "NRB BEARINGS Announces Quarterly Results (2QFY19); Net Profit Up 37.7%". Click here!

  

Related Views on News

NRB BEARINGS Announces Quarterly Results (3QFY19); Net Profit Up 25.7% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, NRB BEARINGS has posted a net profit of Rs 268 m (up 25.7% YoY). Sales on the other hand came in at Rs 2 bn (up 16.7% YoY). Read on for a complete analysis of NRB BEARINGS's quarterly results.

NRB BEARINGS 2017-18 Annual Report Analysis (Annual Result Update)

Jan 1, 2019 | Updated on Jan 1, 2019

Here's an analysis of the annual report of NRB BEARINGS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of NRB BEARINGS. Also includes updates on the valuation of NRB BEARINGS.

NRB BEARINGS 2017-18 Annual Report Analysis (Annual Result Update)

Aug 24, 2018 | Updated on Aug 24, 2018

Here's an analysis of the annual report of NRB BEARINGS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of NRB BEARINGS. Also includes updates on the valuation of NRB BEARINGS.

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

Aug 13, 2018 | Updated on Aug 13, 2018

For the quarter ended June 2018, NRB BEARINGS has posted a net profit of Rs 348 m (up 173.9% YoY). Sales on the other hand came in at Rs 2 bn (up 18.8% YoY). Read on for a complete analysis of NRB BEARINGS's quarterly results.

Sandhar Technologies IPO: Worth Betting on This Automotive Component Manufacturer? (IPO)

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

More Views on News

Most Popular

Stocks that Could Be Out of Reach Post Elections(The 5 Minute Wrapup)

Apr 9, 2019

It's a matter of time before the stocks catch the fancy of the markets and big investors.

3 Indian Stocks with Amazon-Like Potential(Profit Hunter)

Apr 10, 2019

We have identified 3 stocks with huge wealth building potential which meet our 'Click of a Button' criteria.

This Company is Making a Big Comeback and You Can Now Profit from Its Example(The 5 Minute Wrapup)

Apr 10, 2019

How Dell got its mojo back.

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

NRB BEARINGS SHARE PRICE


Apr 18, 2019 (Close)

TRACK NRB BEARINGS

  • Track your investment in NRB BEARINGS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

NRB BEARINGS - SKF INDIA COMPARISON

COMPARE NRB BEARINGS WITH

MARKET STATS