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 (1QFY19); Net Profit Up 173.9%

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 (1QFY19); Net Profit Up 173.9%
Mon, 13 Aug

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

NRB BEARINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m1,9702,3532,339-0.6%18.8%
Other incomeRs m167728-64.1%74.8%
TurnoverRs m1,9862,4312,367-2.6%19.2%
ExpensesRs m1,6951,9321,895-1.9%11.7%
Gross profitRs m27442261044.6%122.4%
DepreciationRs m72738110.9%12.8%
InterestRs m343433-3.0%-4.7%
Profit before taxRs m18439252433.6%184.9%
TaxRs m5712417641.8%209.5%
Profit after taxRs m12726834829.7%173.9%
Gross profit margin%13.917.926.1
Effective tax rate%31.031.733.6
Net profit margin%6.411.014.7
* 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 18.8% on a year-on-year (YoY) basis. The expenses were up by 11.7% YoY during the same period.
  • The company's operating profit increased by 122.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.1% in 1QFY19 as against 13.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 12.8% YoY and 4.7% YoY, respectively.
  • Other income increased by 74.8% YoY during the quarter.
  • Net profit for the quarter increased by 173.9% YoY. Net profit margins during the quarter increased from 6.4% in 1QFY18 to 14.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.9% QoQ during the same period.
  • The company's operating profit increased by 44.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.1% in 1QFY19 as against 17.9% in 4QFY18.
  • Net profit for the quarter increased by 29.7% QoQ, while net profit margins increased from 11.0% in 4QFY18 to 14.7% in 1QFY19.

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 111.2 to Rs 179.1, registering a Gain of Rs 67.9 or around 61.1%.

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 179.1, the price to earnings (P/E) ratio of NRB BEARINGS stands at 16.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.9 times.

Equitymaster requests your view! Post a comment on "NRB BEARINGS Announces Quarterly Results (1QFY19); Net Profit Up 173.9%". Click here!

  

Related Views on News

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 Announces Quarterly Results (2QFY19); Net Profit Up 37.7% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, NRB BEARINGS has posted a net profit of Rs 291 m (up 37.7% YoY). Sales on the other hand came in at Rs 3 bn (up 20.6% 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.

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

Mar 17, 2018

Should you subscribe to the IPO of Sandhar Technologies Ltd?

NRB BEARINGS Announces Quarterly Results (4QFY18); Net Profit Up 106.9% (Quarterly Result Update)

May 28, 2018 | Updated on May 28, 2018

For the quarter ended March 2018, NRB BEARINGS has posted a net profit of Rs 268 m (up 106.9% YoY). Sales on the other hand came in at Rs 2 bn (up 24.7% YoY). Read on for a complete analysis of NRB BEARINGS's quarterly results.

More Views on News

Most Popular

3 Stocks in Super Investor Sumeet Nagar's Portfolio That You Can Buy Right Now(The 5 Minute Wrapup)

Jan 11, 2019

The reasons that make these six stocks in Sumeet Nagar's portfolio so compelling

This Trend Will Produce a Once in a Lifetime Opportunity to Buy Stocks(The 5 Minute Wrapup)

Jan 15, 2019

Unlike his habit of pouring out stock wisdom in his annual letters to shareholders, Buffett spoke of this trend only once every few decades.

This Created Multibagger Stocks in the US and Japan and Now It's Happening in India(The 5 Minute Wrapup)

Jan 17, 2019

It may not just create tremendous stock market wealth, but also push several Indian companies in the reckoning of global leaders.

My Next Small Cap Recommendation Is Practically a 'No Brainer'(Profit Hunter)

Jan 14, 2019

With a strong debt free balance sheet in its favour, attractive dividends and trading at almost lifetime lows, this investing idea is almost a no brainer.

Sensex 100,000 Will Happen and I Want You to Profit from It(Profit Hunter)

Jan 18, 2019

These indicators reveal that the interest in stock market investing is only growing and set to grow.

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


Jan 24, 2019 02:55 PM

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 - AUTOMOTIVE AXLES COMPARISON

COMPARE NRB BEARINGS WITH

MARKET STATS