NRB BEARINGS Announces Quarterly Results (2QFY20); Net Profit Down 74.9%

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 (2QFY20); Net Profit Down 74.9%
Wed, 6 Nov

NRB BEARINGS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

NRB BEARINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,5102,0801,889-9.2%-24.7%
Other incomeRs m951248290.2%-49.7%
TurnoverRs m2,6052,0921,937-7.4%-25.7%
ExpensesRs m2,0491,8251,699-6.9%-17.1%
Gross profitRs m461255190-25.5%-58.9%
DepreciationRs m8086882.8%9.7%
InterestRs m33434913.6%51.7%
Profit before taxRs m443138100-27.5%-77.5%
TaxRs m1525127-47.3%-82.3%
Profit after taxRs m2918773-15.9%-74.9%
Gross profit margin%18.412.210.0
Effective tax rate%34.237.026.9
Net profit margin%11.24.13.8
* 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 fell 24.7% on a year-on-year (YoY) basis. The expenses were down by 17.1% YoY during the same period.
  • The company's operating profit declined by 58.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.0% in 2QFY20 as against 18.4% in 2QFY19.
  • Depreciation charges increased by 9.7% and finance costs increased by 51.7% YoY, respectively.
  • Other income declined by 49.7% YoY during the quarter.
  • Net profit for the quarter declined by 74.9% YoY. Net profit margins during the quarter declined from 11.2% in 2QFY19 to 3.8% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.9% QoQ during the same period.
  • The company's operating profit declined by 25.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.0% in 2QFY20 as against 12.2% in 1QFY19.
  • Net profit for the quarter declined by 15.9% QoQ, while net profit margins declined from 4.2% in 1QFY19 to 3.8% in 2QFY20.

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

Revealed: How to Get Rich with Just 3 Stocks

NRB BEARINGS Share Price Performance

Over the last one year,NRB BEARINGS share price has moved down from Rs 170.4 to Rs 105.7, registering a Loss of Rs 64.7 or around 38.0%.

Overall, the S&P BSE SENSEX is up 14.7% over the year.

Current Valuations

At the current price of Rs 105.7, the price to earnings (P/E) ratio of NRB BEARINGS stands at 18.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

Equitymaster requests your view! Post a comment on "NRB BEARINGS Announces Quarterly Results (2QFY20); Net Profit Down 74.9%". Click here!

  

Related Views on News

NRB BEARINGS 2018-19 Annual Report Analysis (Annual Result Update)

Sep 16, 2019 | Updated on Sep 16, 2019

Here's an analysis of the annual report of NRB BEARINGS for 2018-19. 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 (1QFY20); Net Profit Down 75.0% (Quarterly Result Update)

Aug 16, 2019 | Updated on Aug 16, 2019

For the quarter ended June 2019, NRB BEARINGS has posted a net profit of Rs 87 m (down 75.0% YoY). Sales on the other hand came in at Rs 2 bn (down 11.1% YoY). Read on for a complete analysis of NRB BEARINGS's quarterly results.

NRB BEARINGS Announces Quarterly Results (4QFY19); Net Profit Down 56.2% (Quarterly Result Update)

Jun 12, 2019 | Updated on Jun 12, 2019

For the quarter ended March 2019, NRB BEARINGS has posted a net profit of Rs 117 m (down 56.2% YoY). Sales on the other hand came in at Rs 2 bn (down 9.6% YoY). Read on for a complete analysis of NRB BEARINGS's quarterly results.

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.

More Views on News

Most Popular

These 5 Smallcaps Deserve a Place in Your Coffee Can Portfolio(Profit Hunter)

Jul 28, 2020

When it comes to quality stocks, doing less is more.

My Best Trading Ideas When Interest Rates Are So Low(Fast Profits Daily)

Jul 23, 2020

India's interest rates are lower than the inflation rate. Here are the best trades for this situation.

Before You Buy Your First Electric Vehicle Consider Buying this Stock(Profit Hunter)

Jul 29, 2020

As competition intensifies in the electric vehicle space, only few will create huge wealth over the years.

Gold or Silver: Which One Should You Buy Now?(Fast Profits Daily)

Jul 24, 2020

Silver and gold are both vying for your attention. Which is the better trade today?

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

NRB BEARINGS SHARE PRICE


Aug 5, 2020 (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 5-YR ANALYSIS

COMPARE NRB BEARINGS WITH

MARKET STATS