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NRB Bearings - Quaterly Results

30 May 2023 Evaluate
The revenue zoomed 12.31% to Rs. 2777.40 millions for the quarter ended March 2023 as compared to Rs. 2473.00 millions during the corresponding quarter last year.A comparatively good net profit growth of 40.15% to Rs. 272.60 millions was reported for the quarter ended March 2023 compared to Rs. 194.50 millions of previous same quarter.Operating Profit saw a handsome growth to 575.70 millions from 481.20 millions in the quarter ended March 2023.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 2777.40 2473.00 12.31 10231.00 9124.40 12.13 10231.00 9124.40 12.13
Other Income 36.20 77.10 -53.05 264.60 164.50 60.85 264.60 164.50 60.85
PBIDT 575.70 481.20 19.64 1788.20 1450.10 23.32 1788.20 1450.10 23.32
Interest 71.50 39.70 80.10 185.20 154.40 19.95 185.20 154.40 19.95
PBDT 428.20 344.40 24.33 1497.70 1256.40 19.21 1497.70 1256.40 19.21
Depreciation 91.50 82.20 11.31 359.70 326.20 10.27 359.70 326.20 10.27
PBT 336.70 262.20 28.41 1138.00 930.20 22.34 1138.00 930.20 22.34
TAX 64.10 67.70 -5.32 280.00 228.80 22.38 280.00 228.80 22.38
Deferred Tax -32.40 -11.40 184.21 -29.80 1.00 -3080.00 -29.80 1.00 -3080.00
PAT 272.60 194.50 40.15 858.00 701.40 22.33 858.00 701.40 22.33
Equity 193.80 193.80 0.00 193.80 193.80 0.00 193.80 193.80 0.00
PBIDTM(%) 20.73 19.46 6.53 17.48 15.89 9.98 17.48 15.89 9.98
Peers
Company Name CMP
Schaeffler India 3549.45
Timken India 3096.70
SKF India 1477.90
NRB Bearings 434.25
Menon Bearings 355.85
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