23 Jul 2019 | 3:27 PM

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COMPANYNEWS
NRB Bearings Lim Q3 net profit up 25.70% at Rs 26.75 cr
  NRB Bearings Ltd. | 23 Jul 2019 | 02:51 PM
Published on 02-04-2019
The company reported standalone net profit of Rs 26.75 crore for the quarter ended December 31 2018 as compared to Rs 21.28 crore in the same period last year registering a year-on-year growth of 25.70 per cent.


Net revenue of the company rose moderately by 16.71 per cent at Rs 242.60 crore in October-December quarter of this fiscal as against Rs 207.87 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 19.87 per cent to Rs 200.59 crore from Rs 167.34 crore in year ago period.


Other Income grew by 12.20 per cent at Rs 0.92 crore versus (Dec`17 Rs 0.82 crore).


Operating Profit surged by 3.65 per cent to Rs 42.01 crore as against Rs 40.53 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 11.18 per cent in December quarter.


Interest grew by 0.29 per cent y-o-y to Rs 3.44 crore while Taxation decreased by 54.51 per cent at Rs 4.89 crore (Dec`17 Rs 10.75 crore).