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

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?  

Markets will remain closed on 21st October 2019, due to Assembly Elections in Maharashtra.

NRB BEARINGS Announces Quarterly Results (4QFY19); Net Profit Down 56.2%
Wed, 12 Jun

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

NRB BEARINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,3532,4262,127-12.3%-9.6%
Other incomeRs m7793-65.2%-95.9%
TurnoverRs m2,4312,4352,130-12.5%-12.4%
ExpensesRs m1,9322,0061,866-7.0%-3.4%
Gross profitRs m422420261-37.9%-38.1%
DepreciationRs m737978-0.1%7.0%
InterestRs m34344221.8%24.7%
Profit before taxRs m392316144-54.5%-63.3%
TaxRs m1244927-45.6%-78.6%
Profit after taxRs m268268117-56.1%-56.2%
Gross profit margin%17.917.312.3
Effective tax rate%31.715.518.5
Net profit margin%11.011.05.5
* 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 9.6% on a year-on-year (YoY) basis. The expenses were down by 3.4% YoY during the same period.
  • The company's operating profit declined by 38.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.3% in 4QFY19 as against 17.9% in 4QFY18.
  • Depreciation charges increased by 7.0% and finance costs increased by 24.7% YoY, respectively.
  • Other income declined by 95.9% YoY during the quarter.
  • Net profit for the quarter declined by 56.2% YoY. Net profit margins during the quarter declined from 11.0% in 4QFY18 to 5.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.0% QoQ during the same period.
  • The company's operating profit declined by 37.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.3% in 4QFY19 as against 17.3% in 3QFY18.
  • Net profit for the quarter declined by 56.1% QoQ, while net profit margins declined from 11.0% in 3QFY18 to 5.5% in 4QFY19.

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 189.2 to Rs 166.9, registering a Loss of Rs 22.3 or around 11.8%.

Overall, the S&P BSE SENSEX is up 12.2% over the year.

Current Valuations

At the current price of Rs 166.9, the price to earnings (P/E) ratio of NRB BEARINGS stands at 15.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

Equitymaster requests your view! Post a comment on "NRB BEARINGS Announces Quarterly Results (4QFY19); Net Profit Down 56.2%". 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 (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)

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

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

Two Stocks to Buy in the Great Indian Festival(Profit Hunter)

Oct 11, 2019

Discounts are not just limited to E-tailers. You can buy stocks at 50% off too. Here are two stocks to buy now.

Buy these 3 Stocks for Rebound Riches

Oct 18, 2019

Equitymaster's smallcap guru and editor of Hidden Treasure, Richa Agarwal, talks to us about the rebound in the stock market, and the best stocks to profit from it. Listen in...

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

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


Oct 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 - AUTO CORP. OF GOA COMPARISON

COMPARE NRB BEARINGS WITH

MARKET STATS