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

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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.

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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)

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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.

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Nov 27, 2020 (Close)

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