20 Jul 2019 | 1:09 AM

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NRB Bearings Lim Q4 net profit zooms 106.87% at Rs 26.79 cr
  NRB Bearings Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-21-2018
The company reported standalone net profit of Rs 26.79 crore for the quarter ended March 31 2018 as compared to Rs 12.95 crore in the same period last year registering a year-on-year growth of 106.87 per cent.


Net revenue of the company rose substantially by 24.72 per cent at Rs 235.33 crore in January-March quarter of this fiscal as against Rs 188.69 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 19.43 per cent to Rs 193.17 crore from Rs 161.74 crore in year ago period.


Other Income grew by 481.95 per cent at Rs 7.74 crore versus (Mar'17 Rs 1.33 crore).


Operating Profit surged by 56.44 per cent to Rs 42.16 crore as against Rs 26.95 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 25.49 per cent in March quarter.


Interest declined by 7.18 per cent y-o-y to Rs 3.36 crore while Taxation increased by 186.18 per cent at Rs 12.42 crore (Mar'17 Rs 4.34 crore).