16 Jul 2019 | 8:29 AM


NRB Bearings Lim Q2 net profit up 29.22% at Rs 21.14 cr
  NRB Bearings Ltd. | 15 Jul 2019 | 03:41 PM
Published on 11-06-2017
The company reported standalone net profit of Rs 21.14 crore for the quarter ended September 30 2017 as compared to Rs 16.36 crore in the same period last year registering a year-on-year growth of 29.22 per cent.

Net revenue of the company rose moderately by 17.06 per cent at Rs 208.21 crore in July-September quarter of this fiscal as against Rs 177.86 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 12.29 per cent to Rs 169.93 crore from Rs 151.33 crore in year ago period.

Other Income dipped by 37.95 per cent at Rs 3.58 crore versus (Sep'16 Rs 5.77 crore).

Operating Profit surged by 35.07 per cent to Rs 38.28 crore as against Rs 28.34 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 15.44 per cent in September quarter.

Interest declined by 2.94 per cent y-o-y to Rs 3.63 crore while Taxation increased by 43.03 per cent at Rs 9.54 crore (Sep'16 Rs 6.67 crore).