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

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 (3QFY19); Net Profit Up 25.7%
Wed, 13 Feb

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

NRB BEARINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,0792,5102,426-3.4%16.7%
Other incomeRs m8959-90.3%12.2%
TurnoverRs m2,0872,6052,435-6.5%16.7%
ExpensesRs m1,6732,0492,006-2.1%19.9%
Gross profitRs m405461420-8.9%3.7%
DepreciationRs m598079-2.2%33.3%
InterestRs m3433345.8%0.3%
Profit before taxRs m320443316-28.5%-1.2%
TaxRs m10815249-67.7%-54.5%
Profit after taxRs m213291268-8.1%25.7%
Gross profit margin%19.518.417.3
Effective tax rate%33.634.215.5
Net profit margin%10.211.211.0
* 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 16.7% on a year-on-year (YoY) basis. The expenses were up by 19.9% YoY during the same period.
  • The company's operating profit increased by 3.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.3% in 3QFY19 as against 19.5% in 3QFY18.
  • Depreciation charges increased by 33.3% and finance costs increased by 0.3% YoY, respectively.
  • Other income increased by 12.2% YoY during the quarter.
  • Net profit for the quarter increased by 25.7% YoY. Net profit margins during the quarter increased from 10.2% in 3QFY18 to 11.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.1% QoQ during the same period.
  • The company's operating profit declined by 8.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.3% in 3QFY19 as against 18.4% in 2QFY18.
  • Net profit for the quarter declined by 8.1% QoQ, while net profit margins declined from 11.2% in 2QFY18 to 11.0% in 3QFY19.

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 166.3 to Rs 189.5, registering a Gain of Rs 23.3 or around 14.0%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 189.5, the price to earnings (P/E) ratio of NRB BEARINGS stands at 15.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.9 times.

Equitymaster requests your view! Post a comment on "NRB BEARINGS Announces Quarterly Results (3QFY19); Net Profit Up 25.7%". Click here!

  

Related Views on News

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

Nov 6, 2019 | Updated on Nov 6, 2019

For the quarter ended September 2019, NRB BEARINGS has posted a net profit of Rs 73 m (down 74.9% YoY). Sales on the other hand came in at Rs 2 bn (down 24.7% YoY). Read on for a complete analysis of NRB BEARINGS's quarterly results.

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 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.

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

Use My Secret to Increase Your Trading Profits Today

Dec 10, 2019

What to do after every trade.

A Simple, 7-Step Checklist for Your Trading Success

Dec 4, 2019

What we can learn from one of the greatest traders to have ever lived.

Blue Chips Are Passe. Get into these Stocks for Outstanding Gains in 2020(Profit Hunter)

Dec 5, 2019

This corner of the market could provide more returns than blue chips in 2020.

What Is the IPO Euphoria Signaling Us About the Markets?(The 5 Minute Wrapup)

Dec 2, 2019

2019 will be remembered as the year of great money-making IPOs...

Make the Most of the Smallcap Rebound with These Stocks(Profit Hunter)

Dec 3, 2019

Even amid a gloomy economic scenario, there are smallcaps that have grown earnings over last one and a half year and I believe these could be the strongest candidates for a smallcap rebound.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
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


Dec 11, 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 8-QTR ANALYSIS

COMPARE NRB BEARINGS WITH

MARKET STATS