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NRB Bearings - Quaterly Results

30 May 2023 Evaluate
The March 2023 quarter revenue stood at Rs. 2777.40 millions, up 12.31% as compared to Rs. 2473.00 millions during the corresponding quarter last year.Net Profit recorded in the quarter ended March 2023 rise to 40.15% to Rs. 272.60  millions  compared to R. 194.50 millions in corresponding previous 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 3672.15
Timken India 2890.80
SKF India 1449.40
NRB Bearings 490.65
Menon Bearings 282.45
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